It's been said that nature abhors a vacuum.
Well, so does business.
On April 7, Truffles Grill in Winter Park Village closed as part of its parent company Ruby Tuesday Inc.'s strategy to streamline its business operation and focus on its core restaurant brand. (The only other Truffles location, in Atlanta, closed recently as well.)
But the 3,400 square-foot commercial real estate slot once occupied by Truffles is not likely to stay vacant for too long, it seems.
The developers that own the space are said to be thinking of something that may be a little bit better fit for Winter Park Village than Truffles' "Southern Indulgencies" concept. According to some sources, that might mean a higher-end burger chain, like Red Robin or Burger 21. Currently, Winter Park Village does not have such a concept.
Regardless of what sort of restaurant opens, there will be several legal issues that need to be addressed.
For instance, if the new restaurant is a franchise, there will be franchise agreements between the owner and the parent company that have to be completed, and the owners of Winter Park Village will have to make sure that the parent company's policies and template documents are acceptable. Regardless of whether it is a franchise or an independent venture, the owner of that venture will have to negotiate a lease with Winter Park Village. There may also need to be some communication with existing restaurants, who have some concern that a new venture will compete with them.
Source: The Orlando Business Journal, "Truffles Grill closure offers opportunity for new restaurant in Winter Park Village," Anjali Fluker, April 8, 2013
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