All Forum Posts by: Eddie Tsang

Joel,

Yes I'm in Canada - I'm the franchise developer for Northern Alberta. It's great to see someone else with franchise background :)

I set up franchisees with a turn key location, the majority of them are leased units.

Honestly for my first building that i'm in planning stages for right now I'm thinking it's a long term play. Start a syndication with a few investors in mind (depending on the size of the project) if it's smaller I should be able to handle myself. Try and fully lease the building out then refinance to extract funds for a second project. ultimately I'd like to build and hold all properties... but as anything goes a lot can change in between.

Eddie

Hello Everyone

I've been building Papa John's Franchises for the past 5 years and now I have gathered enough capital to develop my first commercial real estate project. I own several residential properties but dealing with lease negotiations with the landlords for my PJs; it is a vastly different game for sure.

I'm planning to syndicate a 1.6 acre commercial retail development in a growing neighborhood - although I'm well versed in residential real estate and other areas of business. I'm a bit green when it comes to developing a project like this.

I was wondering if there are any fellow members here who have experience developing a parcel of land into a retail center that can consult me through the project. Although I'm using my commercial agent that hunts down locations for my Papa John's as a resource; I'd like to get some insight and direction from someone who has expertise in this area.

Any input, resource and comments are greatly appreciated!

Thank You

Eddie