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You're right. The numbers seem way too high. Nine Starbucks?? Not to mention that these are only the fast food spots. In total there are 300+ restaurants. I'm g
by yupitsme123 1y ago
You're right. The numbers seem way too high. Nine Starbucks?? Not to mention that these are only the fast food spots. In total there are 300+ restaurants. I'm guessing that high density cities skewed the numbers way too high.
- topkai22 1y agoI suspect they are a bit high, but not insanely so. The author is using city limits rather than metro area it appears, so there is going to be some draw in from the suburbs. 100k/305 residents= 325 people/restaurant. Average per capita spending on food away from home is $4500. That means that each restaurant has $1,475,000 of addressable market on average, which seems totally viable? (https://www.michiganfarmnews.com/boom-in-spending-at-restaurants-drives-record-us-food-expenditures https://www.michiganfarmnews.com/boom-in-spending-at-restaur...)
- pixl97 1y agoQuite often you see the mini-starbucks in areas like malls or other large retail stores instead of stand alone buildings. In the town of 125k I used to live in there was a SB inside a bookstore, inside the mail, and a standalone building within 1000 meters of each other.