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  • Writer's pictureCommercial Property

THE BENEFITS OF AN INSPECTION FOR YOUR RESTAURANT INVESTMENT

It’s no secret that your city may see a lot of tourism, which means there are ample opportunities for investors. If you have plans to invest in a restaurant, make sure you first request a commercial inspection as part of your due diligence. Our property inspectors can provide you with a detailed evaluation of a building and its systems with one of our comprehensive commercial building assessments. We’ll go over how we can help you to be a more informed investor as you plan your restaurant venture.



THE WALK-THROUGH SURVEY

The first part of the commercial inspection is the walk-through survey. This is where the inspector will conduct a thorough on-site visual examination of the property’s physical condition. This assessment will be focused on the building’s critical systems and components, including the heating and ventilation systems, cooling systems, plumbing systems, mechanical and electrical systems, the roof, exterior elements and fixtures, general topography of the building site, parking areas and sidewalks, wood decks and balconies, basement, foundation, crawlspace, doors and windows, life safety components, kitchen and storage, and any other areas specific to the property.

OTHER POTENTIAL SPECIALTY CONSULTANTS

Depending on the scope of your project, the commercial inspector may enlist specialty consultants to provide expertise in relevant areas during the walk-through survey. These consultants may include a plumber, an electrician, an HVAC contractor, a professional engineer, a commercial kitchen expert, or an Infrared-Certified thermal imaging inspector.

DOCUMENT PROCUREMENT AND REVIEW

The commercial inspector will request and review documents and records about the property. This may include lease agreements, Certificates of Occupancy, building and fire code violations, service contracts, repair invoices, and maintenance records. The inspector will also interview the individual with the most knowledge of the building’s condition, which is a very effective way to identify deficiencies. This stage of the inspection will serve to enhance the information collected during the walk-through survey, as well as provide supporting documentation for the inspection report.

THE FINAL INSPECTION REPORT

The written inspection report is the final product of your commercial property inspection and will provide you with concise details from information collected during the first two phases of the inspection. This detailed summary of the inspector’s findings will provide you with an inventory of the building’s major systems and components and an assessment of their condition. The inspection report will help you to understand and address the issues that will impact the building from both a physical and financial perspective and the safety of the building’s occupants.

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