3 ms·
What is not mentioned in that perrygroup article is the presence of the landlord. The stories of these long running family restaurants with good food etc are OW
by aurizon 7y ago
What is not mentioned in that perrygroup article is the presence of the landlord. The stories of these long running family restaurants with good food etc are OWNED by the family.
Sooner or later almost all properties fall into the hand of landlords whose function is rent maximization. No long lasting family restaurants here - landlords ramp up the rent until they break. This leads to high intensity food-fraud businesses like Strbucks. I say food fraud when costco sells a can of cok for 22 cents with the can, how much does the same coke in a plastic cup cost at a food fraud? $1.50-$2.50.
The rise of these specialty food frauds who buy all their stuff at the deepest wholesale discount and sell at stratospheric prices and cross subsidize new locations in paramount locations by other store profits. I never buy a thing from Strbucks - the scrape of the gouge is too deep to bear...