Adam C
Foodie
761
Fri Jun 20, 2008 9:43 pm
Camp Taylor aka Louisville's food desert
Adam C wrote:I read an article a few weeks ago about diners closing in NYC. Rents are hovering around 25k PER MONTH. I don't see how any business can handle that fixed cost.
Robin Garr wrote:Given the flaws in the Thrillist piece with its focus on NYC and the West Coast, I have a bad feeling that we may be seeing something similar-only-different here. It's too soon to name names, but be prepared for some unexpected losses in coming months ... perhaps in the realm of a generational change as once-young chefs start thinking about retiring.
Mark R. wrote:Adam C wrote:I read an article a few weeks ago about diners closing in NYC. Rents are hovering around 25k PER MONTH. I don't see how any business can handle that fixed cost.
We were talking to one of the Texas road managers recently about the one that's moving from Dutchman's Lane to Shelbyville Road across from the mall. The rent is going to go down significantly, the location on Dutchman's is paying over $30,000 a month rent! Of course I also have to rent part of the parking lot considering that's owned by somebody else too. No wonder they are moving, I'm surprised they stay there that long with that kind of rent.
Robin Garr wrote:Given the flaws in the Thrillist piece with its focus on NYC and the West Coast, I have a bad feeling that we may be seeing something similar-only-different here. It's too soon to name names, but be prepared for some unexpected losses in coming months ... perhaps in the realm of a generational change as once-young chefs start thinking about retiring.
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