When chef Galen Zamarra, his business partner Eric Blinderman and their eight other investors opened Mas (farmhouse) at 39 Downing Street in 2004 they held a 10-year lease with no renewal option. And that was fine.
“Ten years seems like the end of time when you’re 24,” said Mr. Blinderman, referring to the then-age of many of the owners. “But in the course of a business it’s a blink of an eye.”
Read complete story on CommercialObserver.com: Rent Is For Suckers! Restaurateurs are Buying Instead of Renting