The Cheesecake Shop flags shift from shopping centres to reduce rents

The Cheesecake Shop says its avoidance of major shopping centres is enabling it to improve rental agreements for franchisees, who typically operate in regional areas or on suburban strips. The dessert chain, which has more than 200 stores nationwide, says it recently renewed nine leases and obtained 14 months of rent free from various […]

Michelle Hammond 29 May, 2012

The Cheesecake Shop says its avoidance of major shopping centres is enabling it to improve rental agreements for franchisees, who typically operate in regional areas or on suburban strips.

The dessert chain, which has more than 200 stores nationwide, says it recently renewed nine leases and obtained 14 months of rent free from various landlords.

According to Nick Avgerinos, national franchise development manager of The Cheesecake Shop, this is equivalent to a saving of approximately $50,000 for the company’s franchisees.