Commerical LL's, I could really use some advice from your perspective.
Commercial landlords- I typed up a long question but figured it easier to summarize. Are some of your restaurant tenants renegotiating leases right now, and are you open to it? We have a small restaurant in Las Vegas (NOT on the strip), and have spent the last year trying to find a buyer. Our rent is almost $17,000 a month for a 2,600 sq ft. space. Its in a complex of 20 units that is now 80% restaurants, so its become a glorified/overpriced food court. We're also a franchisee, and price per square foot, we pay the most out of all franchisees across the country (40 units).

We have 4 years left on the lease, have never made a penny in profit, nor have we made $1 back of our initial $400,000 investment. My business partner, who I took the store over from, has franchised 11 other very successful concepts, so we know what we are doing as far as operations goes.

I don't want to be the guy who tries and strong arms someone in this time thats tough for everyone (LL especially) but I am curious to know if any of you have been open to or accepted some renegotiating recently to help one another out. I'd gladly lock in another 10 years for a reduction. Just bringing the rent down by 8% would finally help us show a profit (and that's assuming it doesn't take another year for sales to pick back up). I've never tried this before so I am really trying to educate myself before reaching out, and trying to get a LL perspective so I can approach this the right way.

LOL I don't think this was much of a summary, if you're still reading thanks for making it this far!
[{"id": "fnb5e1s", "text": "You won\u2019t get what you don\u2019t ask for. Might as well take a shot. That said, we\u2019re not negotiating any decreases. Just letting the tenant pay no rent for the next X months and having them amortize it across 2021.", "replies": [{"id": "fnbodb6", "text": "Are you charging interest on the am?", "replies": [{"id": "fnbp5ta", "text": "No - trying to build the tenant relationship and more importantly keep the tenant in business.  Market is going to be soft after this thing blows over.", "replies": [{"id": "fncbzmg", "text": "So instead of them paying rent for, let\u2019s say, April and May at $15,000 per month, you\u2019ll break up the $30,000 over time? \n\nThat seems to be a popular way to go, but I\u2019m definitely a little worried. So many restaurants being mandated to close are not only losing revenue now/wasted food in storage/ etc. but when they open back up things will be slower AND they\u2019ll have a higher rent. \n\nDefinitely hard for everyone, no matter which way you put it. I can see a ton of businesses firing back up after we\u2019re all clear only to crash a year from now when deferred bills/rents come due.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fnblgod", "text": "You claim you're not making a profit,  but you're willing to sign a 10 year extension for a recent reduction that would equate to about $1500 a month in additional cashflow? \n\nThat doesn't make sense to me.", "replies": [{"id": "fncbodi", "text": "New resort coming in nearby in a year. The extra rent reduction PLUS some much needed foot traffic will help. Not trying to be greedy, just would be cool to buy a cup of coffee every month for myself.", "replies": [], "depth": 2}, {"id": "fncozhf", "text": "Sure it does. They don't have a personal guarantee.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fncdi67", "text": "I was in similar situation, closed the franchise, best decision I ever made. This is one hack of a business to survive in. 17k rent a month in 2600 sqft restaurant, what your pumping out 42k min weekly sale, yearly sale of 2.2M and you didn't make a profit?\n\nIf your not doing 42k min weekly sale your bleeding. Why keep the restaurant? \n.", "replies": [], "depth": 1}, {"id": "fncphfe", "text": "CRE agent and PM here. If I were the LL and you were claiming lost sales on this while planning on making it back when the resort came in  I'd ask for the reduced rent as the base rent and a percentage lease. If the LL wanted to change terms at all. All of the LLs i work for, save one, have only done deferments.", "replies": [], "depth": 1}, {"id": "fnf0uhr", "text": "Close it and walk away. Negotiate to leave it broom clean in exchange for them not going after you personally. You weren\u2019t making money the last few years. That\u2019s not going to change anytime soon. And $17K for 2600 sq ft is $6 sqft, which in my opinion, is way too much for not being in a great location.", "replies": [{"id": "fng42bt", "text": "Exactly my point, if your rent is more than 10% (high) on your P&amp;L, then your not making money. \n\nAnswer this for me and I'll tell you what you should do :)\n\nQ: is your payroll and labor under 60% and rent being 10% on your P&amp;L?\n\nIf yes, continue operation else close it trust me.", "replies": [{"id": "fngezpc", "text": "My labor and food cost are at 63% together...AND it\u2019s a franchise so I\u2019m paying them 8%....last time I ever franchise. Not worth it unless you\u2019re franchising a top 10 global franchise. You\u2019re paying to build someone else\u2019s brand.", "replies": [{"id": "fnguv54", "text": "I hear you on this one. I myself was a franchisee for upcoming hip trend a pasta franchise. I poured so much $ and insane in rent, labor and food cost over 4 years that I lost it all. A lot of these new concepts are not proven. There supply chain sucks, labor is clearly not define and the overall process is just something random cofounder put together to make a buck. At the end, franchisee is left holding the bag. Franchisor simple plays a passive role in all this.\n\nWhen you bring your concerns up to your zor guess who the problem is? You the franchisee. The blame game starts and it's a never-ending thing from there on.\n\nI agree with you my friend; the top 10 franchise is the way to go. Otherwise, you're buying your self a job or debt. You pick.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]