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Margin is more like 10-20 percent if you're not overpaying on rent...
by Mikeb85 9y ago
Margin is more like 10-20 percent if you're not overpaying on rent...
- pc86 9y agoSomething tells me if the landlord knew you were making 20% margin you wouldn't be making 20% margin for long.
- Mikeb85 9y agoThis is why you sign long term leases. It's not unusual for restaurants to move out after the first lease term is done, so you need to be able to recoup your entire investment and make a profit in the first term (typically 10 years). But yes, you're right, landlords raise rent, and restaurants often move out because of it.