Georgia Restaurant Brokers Release Report on Status of Georgia Restaurants for Sale and Lease Market

Atlanta, GA, November 20, 2009 --(PR.com)-- Georgia Restaurant Brokers announced today that the wave of closures of restaurants is at a high. The restaurant brokerage firm released the results of their studies on the status of Georgia restaurants for sale or lease. The report concluded that the Greater Atlanta Area restaurant vacancies are at an all time high.

A spokesperson for Georgia Restaurant Brokers said in an interview, "One man's trash is another man's treasure. A surge of owner operators are moving the market, the loss for one is a gain for an experienced operator. Landlords are getting hurt in their pocketbooks with all the vacant second generation restaurant spaces. Landlords are offering treasures of incentives, deeply discounted lease rates, free rent up to one year, generous tenant improvement allowances and in some cases fully equipped restaurants."

Georgia Restaurant Brokers concludes that this phenomenon has been happening for the last three years. While subleases have historically played a minor role in overall market conditions, the sheer volume of restaurant spaces available today has a high influence on the entire commercial real estate arena.

Cities like Alpharetta, Marietta, Dunwoody, Roswell just to name a few, have an over abundance of closed vacant restaurant spaces. This is a low cost investment opportunity for a owner operator to take advantage of this situation. There is one landlord offering a fully equipment restaurant with one years free rent and will take any concept. The iron is hot for a true entrepreneur.

For more information, visit www.RestaurantsGA.com

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