Your logic works in a world with only restaurants. In reality, every other type of business has better margins than restaurants and also competes for the best r

Your logic works in a world with only restaurants. In reality, every other type of business has better margins than restaurants and also competes for the best real estate. So the good restaurant in a good location is soon having their rent hiked and closing down, or has to follow the beaten path: Decrease quality and increase prices. Sure, there's always exceptions, especially in older cities where the restaurant was established in a great spot a long time ago and is owned by a family. But generally, restaurants have far too low profit margins to remain for long in a top location. And I think all of us know this from experience.