Property in Malta

The Summer Surge: Securing Prime Catering Establishments with QLC

03.04.24 | QLC Commercial Specialists

The Summer Surge: Securing Prime Catering Establishments with QLC

As the sun begins to shine brighter and the temperatures rise, it's evident that summer is just around the corner here in Malta. For those in the catering business, this signals the onset of the busy season, when our Island will be overflowing with tourists, locals looking for outdoor dining experiences, and a large amount of events constantly happening, week-in, week-out. However, this summer rush inevitably brings about increased competition for prime commercial real estate, making it crucial for aspiring restaurateurs and café owners to act swiftly and strategically to secure their dream establishment.


At QLC Real Estate, we understand the unique challenges that come with finding the perfect location for any catering business, especially during the peak summer months. With years of experience in the Maltese real estate market, we've witnessed firsthand the trends and fluctuations that shape the industry, and we're here to guide our clients, be them property owners or restaurateurs, every step of the way.


So, what exactly are the current trends with regards to catering establishments as summer approaches?

 

1. High Demand for Outdoor Seating

With the warmer weather, customers flock to establishments that offer outdoor seating, whether it's a cozy café terrace or a bustling restaurant with a view. Properties with spacious outdoor areas are in high demand. That being said, in the heat of summer, it is imperative for restaurant owners to put up shading or cooling systems to help their clients beat the summer sun.


2. Focus on Unique Experiences

Here in Malta as customers we are blessed with a multitude of options when it comes to where we can go to eat. In a crowded market, catering establishments are differentiating themselves by offering unique dining experiences. Whether it's themed pop-up restaurants, rooftop bars, live music, or farm-to-table eateries, customers are seeking out venues that offer more than just good food – they want an experience they can't find anywhere else.


3. Value for their buck


It’s no secret that prices have risen dramatically over the past couple of years due to various economic conditions. Thankfully, both the average local and the tourists that arrive on our shores generally do tend to enjoy the experience of eating out. That being said, it is imperative that the customer feels that they are getting value for their money. Be it on the experience at the eatery, the quality of the food and drinks, the location itself or a collection of the above.


With these trends in mind, it's no surprise that prime properties suitable for catering establishments are snapped up quickly, especially as summer approaches. So, what can potential clients do to navigate this competitive landscape?


First and foremost, partnering with a reputable real estate agency like QLC that has a vast network in both property and catering market coupled with extensive experience in the local market. Our team spends hours every day searching for the best opportunities available on the market and also sourcing and creating new opportunities for our trusted clientele. Our team of experts can help clients identify suitable properties, negotiate favorable terms, and navigate the complexities of leasing agreements.


Additionally, potential clients should be proactive and start their search as early as possible. By beginning the process well in advance of the summer season, clients can increase their chances of securing their desired property before it's snatched up by competitors.


Furthermore, flexibility is key. While it's essential to have a clear vision for your catering business, being open to alternative locations or slightly different property specifications can significantly expand your options and increase your chances of success.


In conclusion, the summer surge in the catering industry presents both challenges and opportunities for aspiring business owners. By staying informed about current trends, partnering with the right real estate agency, and taking a proactive and flexible approach to their search, clients can maximize their chances of securing their dream establishment with QLC. If this blog resonates with you, please do get in touch with us on +356 7937 1629 and book in a free consultation for your business with one of our top agents working on catering establishments.