Quote:
Originally Posted by mountainlegacyhomes
They fail due to GREED, the high rents required by the Villages, which far exceed the national average, along with a required % of their sales, kill all the businesses. Prices reflect those issues, and in turn, with such high prices, they fail. Previous owner of 3 restaurats in the Altanta market, I can assure you with such demands from the landlord, failure will always be the outcome. Until this changes within the Village Managment we are going to continue to see them come and go, sad I think!
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The rents are very fair and comparable to similar quality locations. Shame on businesses that don't have a business plan and understand their balance sheet. They know the rent going in to the deal.
As far as % of sales, this is a very common practice for commercial leased properties. It getting kind of old to hear over and over that businesses fail because of rent and the developer. Businesses fail because of poor service, poor management, poor product or a combination of the above.