We are all trying to save a little bit of money where we can, and too often people attempt to save money by not hiring a real estate attorney to protect their interest in a real estate transaction. What most people do not realize is the risk they are taking by signing a legal document without the assistance of counsel.
Hiring a real estate attorney to negotiate the terms of a real estate transaction is beneficial specifically when you are in need of a lease review. The most obvious reason an attorney should be consulted is to assist you with working through and understanding the verbiage in the document itself. Terms like “bona fide,” “final,” and “reasonable” are probably part of everybody’s basic vocabulary; however, unless you work in the legal field, you likely have an unclear idea of what these terms can mean when used in a contract or lease agreement. Executing a Lease without the protection and expertise of a real estate attorney can expose you to expenses and liabilities you may never have considered.
Many leases have provisions outlining payment of fees that are not clearly detailed in the document or will make one party of the Lease responsible for the Attorney’s fees of both parties if a lawsuit is filed. A real estate attorney is familiar with these provisions and will be able to identify these loopholes in the document for your protection. It is typically less expensive to pay an attorney to review and negotiate a document than to pay an attorney to represent you in a lawsuit after you sign a document and are contractually obligated to the terms.
Liability should be a major concern when you participate in a real estate transaction. An attorney will protect your interest and promote your confidence in the document by familiarizing you with its terms and giving you an opportunity to challenge the terms. Further, where you may only sign a handful of leases in your lifetime, a real estate attorney who specializes in transactional law may review a dozen leases a week. The familiarity with these documents allows an attorney to immediately identify a potential problem within the terms of the lease that needs to be negotiated or removed.
As you can see, the hiring of a real estate attorney will benefit you for the entire life of your lease by making you comfortable with your understanding and control of the terms of the document. The most important thing you want out of a Lease Agreement is “no surprises” when it comes to fees or unexpected changes, and a real estate attorney will work diligently to ensure you get just that.
Franchisees realize that their dreams are closer to fruition when they find that perfect location. Searching for square footage to open their coffee stores seems like a daunting task in futility sometimes. But with the help and assistance, not to mention diligence, of Cuppy’s Coffee real estate specialist, that road is easier to travel.
Realtors, brokers and developers are constantly looking for those tenants that bring a certain atmosphere to their centers and shopping malls. Many are starting to realize that Cuppy’s Coffee franchisees meet that criteria. This outlook and attitude is opening a lot of doors for perspective Cuppy’s franchise in assisting them in finding that suitable location. That fit between developers and Cuppy’s franchisees is one factor to why Cuppy’s Coffee real estate department tied its record of 12 signed leases in a single month. That averages out to 3 signed leases a week.
“Our commitment to our franchisees and the overall goal of getting them open in A or A+ locations is what drives our real estate department to aggressively find, analyze and eventually approve locations that we feel are a perfect fit for both our franchisees and the Cuppy’s Coffee brand.” Trinetti McDonald, Director of Real Estate states.
To put this in perspective Cuppy’s Coffee has seen a 67% increase in signed leases versus the same quarter figures in 2007. In the same quarter last year, Cuppy’s signed a total of 15 leases. The 2008 1st quarter data reveals 25 signed leases.
“Our goal is to sign a lease every day of the week. If we meet that goal, we will be on track to bringing the Cuppy’s Coffee brand into the national radar.” McDonald states.
Cuppy’s Coffee, Smoothies & More is a specialty coffee and smoothie franchise, located in Fort Walton Beach, FL.
Raleigh, Wake Forrest and surrounding communities will now be able to enjoy a true Italian espresso drink. Cuppy’s Coffee franchisees have signed a lease signifying the opening of yet another cafe in North Carolina.
Franchisees are now in the process of planning and construction to get their location open to the public. Look for the new Cuppy’s Coffee cafe located at 8440 Louisburg Road to be opening in the next several months.
Cuppy’s Coffee is growing by leaps and bounds, learn how you can open one of our models in your area. Visit our web site at www.cuppys.com
New Jersey is in line to open a Cuppy’s Coffee, Smoothies & More franchise. Franchisees have signed a lease and are in the next stage of planning and construction to get their location open.
Cuppy’s Coffee serves true Italian espresso from beans that are hand picked and roasted. Look for the Grand Opening information for this Cuppy’s located at Skyview at Carriage City Condominiums in Rahway, NJ
Great coffee, great people and a great opportunity for you. Learn more about our growing company at www.cuppys.com
Published by James Anderson April 25th, 2008
in Uncategorized.
Franchisees in Nazareth, PA a city north of Allentown signed a lease to open a Cuppy’s Coffee, Smoothies & More store. This moves them onto the next stage of planning and construction.
To learn more about the Cuppy’s Coffee, Smoothies & More family, visit us at www.cuppys.com
Folks in Granbury, TX will soon be able to experience a true Italian espresso when Cuppy’s Coffee, Smoothies & More opens later this year. Franchisees have signed a lease moving them into the next phase of planning and construction.
Look for the Grand Opening announcement later on this year.
To learn more on how you can become a Cuppy’s Coffee owner, visit our website at www.cuppys.com
Folks in the northern section of Illinois will have access to another Cuppy’s Coffee, Smoothies & More store located in Grayslake. This will make the third lease signed within the past 2 months in this state.
Owners in Woodstock and Wadsworth are moving forward with planning and construction schedules for their locations. The franchisee in Grayslake can now move forward as well. Look for Grand Opening notifications for all 3 northern Illinois locations soon.
To become a member of our fast growing family, visit us at www.cuppys.com . For information on the construction management company for these and other locations visit Elite Manufacturing’s website at www.elitemfgcorp.com
Continuing with their expansion into Starbucks‘ foothold in the specialty coffee region of the northwest, Cuppy’s Coffee announced that they’ve signed another lease in the city of South Jordan, Utah a suburb of Salt Lake City. This also is the home state of the emerging Bad Ass Coffee franchise who also have a number of stores throughout the U.S.
Franchisees in South Jordan have signed their lease and this moves them onto the next phase of opening their location.
The difference will be considerable noticed by patrons of Cuppy’s Coffee on the nuances of a true Italian espresso and the high customer service that franchisees adhere too.
For more information on this location’s opening, check back regulary for details.
If you’d like to be a part of our growing family of coffee stores, visit us at www.cuppys.com
Our neighbors to the south will soon have the opportunity to experience a true Italian espresso. Franchisees in Puerto Rico have recently signed a lease to open a Cuppy’s Coffee, Smoothies & More cafe in the U.S. territory. Now the franchisee will move into the planning and construction phase of getting their location open to the public.
Please return for more information on the opening of this location.
To learn more on how you can become a Cuppy’s Coffee franchisee visit our web site at www.cuppys.com
Jefferson Valley Mall in Yorktown Heights, NY will be home to a new Cuppy’s Coffee, Smoothies & More kiosk. Franchisees there recently signed a lease to bring the growing franchise into the Westchester County area.
Cuppy’s Coffee serves true Italian specialty coffee drinks, smoothies and a host of other products and pastries. Planning and construction will be the next phase in this location getting open to the public.
To learn more about Cuppy’s Coffee, visit our website at www.cuppys.com
