Derrick Dones wrote:I would not disagree with Ryan in that B&M's can deal with larger financial challenges than a food truck, but that is the case regardless of where a truck parks. If property taxes are too daunting, one should consider opening a food truck rather than a B&M. DD
Well not necessarily, if we allowed trucks to park and operate for extended periods of time on private property, where they had lease negotiations with those landlords then they would be on equal playing fields. Currently, as far as I am aware food trucks are not allowed to stay at one location for more than 14 days, which on private property is ludicrous.
In terms of opening a Food Truck Vs. opening a B&M you are entirely correct. And if the trends continue in the directions that they're currently showing it would be foolish in the future to invest in B&M restaurants. The vast majority of the market is currently moving towards convenience. With the already tight margins that exist within B&M restaurants it would be more intelligent to move towards a model of convenience that has less costs and therefore greater margins. 10-15 years ago people said, they've never shop online for items like clothes - but the convenience of online shopping has decimated the retail environment, because they can do it cheaper with a better margin.
https://www.cbinsights.com/research/bri ... se-trends/
The people that post on these forums may enjoy the bathrooms, covered seating, AC, and other amenities that B&M restaurants offer, but looking at the trend across all sectors that is not the direction the needle is moving.
https://www.fastcompany.com/3064075/hol ... g-take-out?
The question is, what does the destruction of retail/B&M restaurants mean long term for communities and ultimately culture - other than vacant property?