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Maybe, but the alternative of trying to start a pop-up in a 'food hall' may be just as problematic, as landlords for those take a ~30% cut - see https://heated.
by seltzered_ 7y ago
Maybe, but the alternative of trying to start a pop-up in a 'food hall' may be just as problematic, as landlords for those take a ~30% cut - see https://heated.medium.com/the-troubling-economics-of-food-halls-b301f6563188 https://heated.medium.com/the-troubling-economics-of-food-ha... :
"On prepared foods — which quickly became the bulk of the food hall’s business — Donaldson’s company was raking in as much as 30 percent. (The current structure, according to Donaldson, is a flat rate of around 30 percent of sales for all vendors.) Even if they made no sales, stalls paid at minimum $4,500 each month "
- nojvek 7y agoWait. You gotta pay rent and a cut? That’s an insane level of rent seeking. Well, I guess that’s how rich people get richer. Rent seeking.