University City Science Center Restaurant

January 21, 2020

Eckstut was hired by Wexford Science & Technology, the new partners at the University City Science Center, to investigate the then tenant who had stopped paying rent, claiming he wasn’t doing enough business and wanting to restructure the deal. Eckstut reviewed all aspects of the business from the sales and marketing and service and quality, to the profit & loss status. He reviewed the business relationship as well as the debt status.
Harris did an analysis of the multiple problems that existed for the business – how it was structured and how it was operating. He presented a variety of strategies for the current operations or the alternatives of ending the business relationship with the landlord.
The property owner decided to end its business relationship with the tenant and for Eckstut to work with commercial retail leasing associates to find a new tenant that would bring a quality, successful operation. After a search of numerous independents that Harris presented to the building owners, they selected the up and coming now multi-unit Han Dynasty.