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How so? Rent is the primary driver of cost (much higher than the fees) and there's already a fairly wide variety by US standards. I guess to frame it a differe
by micromacrofoot 4y ago
How so? Rent is the primary driver of cost (much higher than the fees) and there's already a fairly wide variety by US standards.
I guess to frame it a different way, is there a major city in the US that doesn't have the bureaucracy, and also has a better restaurant scene?
- mhb 4y agoIt seems tautological that lowering the entry barrier would encourage more variety and lower cost. Why limit the possibilities to just the US? Why not look at street food in Thailand or Singapore? Isn't it unlikely that the current status quo is the ideal balance between safety and exploration?
- micromacrofoot 4y agoI'm not sure how familiar you are with street food in Thailand, but food poisoning is so common that there are hundreds of "how to avoid food poisoning in Thailand" guides. I don't agree that it's tautological. One-time paperwork fees are a small price compared to retail leases and build-out costs in a major city. You're probably looking to spend in the area of $500k to get started. An annual lease might be in the area of $50k for a small restaurant. For your first year paperwork is probably 5% of your total costs. Passing that on to the consumer is maybe a few cents per dollar.