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How to Decide Between a Lease and a Management Agreement
Manage episode 491940380 series 3645880
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Attorney Michael Zalay compares traditional restaurant leases with management agreements, highlighting the pros, cons, and legal implications of each model.
Takeaways:
- Decide who owns the space, licenses, and payroll obligations.
- Understand that leases offer higher upside, but carry higher risk.
- Use management agreements for lower-risk growth opportunities.
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