IS YOUR BRAND TAKING THE RIGHT STEPS TO ENSURE THAT YOUR DEVELOPMENT CAPITAL IS BEING UTILIZED PROPERLY?

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SIGNS OF STRUGGLING DEVELOPMENT PROGRAMS
  • Multiple projects over budget
  • Excess contractor Change Orders
  • Additional 'Soft Costs' beyond initial budget
  • Recurring schedule delays
  • Contractor disputes and litigation
  • Lease defaults and property liens
  • Highly vendor and employee turnover
COMMON CAUSES
  • Poor due diligence
  • Unexpected build-out cost hidden in the lease
  • Insufficient process and procedures
  • Inexperienced architects/engineers/general contractors
  • Deficient architectural plans
  • Lack of knowledge regarding codes and permitting
  • Inefficient/over-designed space
  • Internal departmental/personnel deficiencies
  • Unrealisctic project schedules and budgets
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EXAMPLES OF OUR WORK

  • Through audit of Landlord Workletter, we uncovered several components that would have resulted in inefficient use of negitiated tenant allowance and would have resulted in the project going over budget.
  • Our early involvement in a client's reimaging program resulted in substantial scope reduction based on clients required ROI. This enabled them to prioritize capital and maximize number of locations included in the program.
  • On multiple occasions, we have been brought into engagements through investors and boards to support senior leadership on development projects.
  • Through initial due diligence of our client's potential space, we were able to perform a test fit of their concept, identifying multiple conflicts in design and utilities. This resulted in the project coming in on budget and on time.
  • We oversaw special projects for a client including existing portfolio assessment, exit cost analysis, asset cost analysis and renegotiation of lease terms.

HOW WE CAN HELP

✓ Due Diligence

✓ Portfolio Assessment, Restructuring and Strategy

✓ Renovation/Refresh Program Development and Management

✓ M&A Support

✓ LOI and Landlord Workletter Support

✓ Cash Flow Projections

✓ Test Fitting

✓ Value-added Partner Relationships

✓ Capital Planning

✓ Owner's Representation

✓ Pro Forma Support

✓ Existing Team Assessment

Let's discuss how we can support your concept's continued growth!