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I lived in the Marina in 1999 and don't remember the Grove either. Spent many weekend mornings eating breakfast at other trendy cafes on Chestnut Street. The a
by john_w_t_b 13y ago
I lived in the Marina in 1999 and don't remember the Grove either. Spent many weekend mornings eating breakfast at other trendy cafes on Chestnut Street.
The article mentions an annual rent of $246k. Assuming the place is open 360 days per year and 10 hours per day, that amounts to $68 per hour. If there are 20 tables in the restaurant, the rental cost is around $3.40 per table-hour at full utilization. This seems achievable for a popular restaurant.
- dredmorbius 13y agoYou're confusing income with profit. Restaurant utilization is also highly variable through the day, and cafes often have long loiter times on tables. Paying rent out of $3.40 left over after materials, labor, and other non-rent expenses, even on an upscale café's inflated prices, is fairly challenging.