30 STEPS TO A GRAND OPENING
TYPICAL CHRONOLOGICAL TIMELINE
This is a typical chronological timeline for a person to take their dream to reality. Of course, there are many variables along your journey that can either shorten or extend the typical timeline. This is provided as a guideline.
DAY 1 Broker introduction
to kick off upcoming site tour
DAY 2-21 Contact
landlords to confirm site availability based on tenant site criteria
DAY 22-25 Site tour
with broker and future tenant who would sign lease
DAY 26-40 LOI's
generated for premier locations identified on site tour
DAY 41-60 LOI's
volleyed while in negotiations between landlord and tenant
DAY 61-65 LOI
executed by landlord and tenant
DAY 66-70 Landlord
starts to prepare lease based on LOI terms and conditions
DAY 71-130 Tenant
engages architect to start laying out retail/restaurant space
DAY 131-135 Lease
negotiation between landlord & tenant attorneys
DAY 131-135 Architect
plans prepared & submitted for permit & contractor bidding
DAY 136-170 Lease
executed by both landlord and tenant
DAY 136-170 Landlord
undertakes any construction work in tenant space
DAY 171-175 Tenant
interviews contractors and secures bid prices
DAY 171-175 Tenant
picks up construction permit so work can commence shortly
DAY 176-180 Landlord
completes their work and turns over space to tenant
DAY 176-180 Tenant
accepts turnover (if work is complete) buildout period begins
DAY 181 Tenant
contractor begins work building out retail/restaurant space
DAY 300 Tenant
contractor completes building retail/restaurant space
DAY 301-305 Tenant
contractor secures certificate of occupancy - tenant can open
DAY 306-330 Tenant
space fixtured, staffed, & marketing plan finalized
DAY 331-360 Grand
Opening!