Talk of The Villages Florida - View Single Post - Athens NY Restaurant Closing Nov. 8
Thread: Athens NY Restaurant Closing Nov. 8
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Old 11-03-2015, 11:06 AM
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Quote:
Originally Posted by outlaw View Post
A TV business insider told me: When a successful business in TV is up for lease renegotiation, the developer demands a sizable portion of future business profits in addition to rent. This insider told me there have been several businesses that closed up because of this negotiation tactic.


With all due respect to you, Outlaw, I have heard that rumor over and over and it was directly answered by the person who works for The Villages in charge of commercial leases some time ago who said it wasn't so. I will try to find that thread.


The rent IS probably high in the squares. It usually is in successful tourist areas. Not everyone can handle the overhead. For that reason I rarely shop in tourist areas because I know the overhead is high. You can get more bargains in lower rent areas.


I haven't located that information but found this while looking.

This thread is from 2008.

Why do so many restaurants fail in The Villages?
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Last edited by graciegirl; 11-03-2015 at 11:13 AM.