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The shitty franchises are the ones that are most likely to survive. Does anybody really think McDonalds or Subway is imperilled? They'll do fine. But the ind
by liability 6y ago
The shitty franchises are the ones that are most likely to survive. Does anybody really think McDonalds or Subway is imperilled? They'll do fine. But the independent burger shop I used to enjoy will probably never come back.
- kinkrtyavimoodh 6y agoI think you are mixing up 'good food' with 'good business'. Even if we grant that McDonalds or Subway are bad food, they are often good business because they have a value proposition. For me, it's consistency, low price, a basic degree of hygiene and food safety, which is important when visiting developing countries, and occasionally food that I like to eat. On the other hand, the generic mom-and-pop burger shop might sell a decent burger, but they might still be fundamentally undifferentiated businesses perpetually operating at the brink of bankruptcy. It's no surprise that the restaurant business is Peter Thiel's classic example of a very likely to fail business.