Quote:
Originally Posted by graciegirl
Here is my theory. When Spanish Springs began, a number of restaurant businesses signed leases for five years. AND lived out their lease and moved or quit or renewed their lease for another five years. Maybe a number of leases are ending now and they have decided to quit or move somewhere else.
The rent would be part of the contract with increases written in I would guess, the leases aren't a baby game.
Some people aren't good at running businesses or are not good at budgeting with three months feast and nine months not so much a feast, even if it isn't famine.
I don't think anyone is running anyone off. I think that some posters don't have a clue how business works.
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Respectfully please help me with your theory. Spanish Springs was started in 1988 and as close as I can figure completed 1996. I have a document which states a grand opening of Spanish Springs Brewery, Augustine's Restaurant, Augie's Tap Room, and Bichara's Bakery with a big Oktoberfest Celebration - 1996. Thus the cycle is somewhere between 20 -28 years now. How does this tie to your second term of a five year lease theory ?
Sorry Spring Chicken I grabbed the wrong quote the first time.