Talk of The Villages Florida - View Single Post - Potential Costco
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Old 04-28-2019, 05:38 PM
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Originally Posted by manaboutown View Post
A friend in the know recently told me the Costco in Kona, HI does $1.5M/day, $400K/day from EBT cards (welfare). Can TV and its surrounding area duplicate that? Welfare in HI is quite prevalent and lucrative for the recipients. The locals receive about $62K/year/family. How to collect it is passed on from generation to generation.
To be fair that store is an anomaly. I believe the Maui store does $1M/day, that too is an anomaly. I don’t think these numbers are the norm but your point is well made. Costco expects high revenues when it invests in a location. Merely “making a profit” might not meet their standard. I hope Costco comes to TV but if it doesn’t, TV is still a great place.