Quote:
Originally Posted by ROCKETMAN
Found out today why publix did not go in the new strip mall by the library. Besides a hefty rent, the developer wanted a percentage of profits. Publix has 1070 stores, they are not sharing their profits with anyone except employees who work there. Colony will be a zoo next year even if sweetbay is open by then because some people just prefer publix. Pray for me I work there.  |
I respectfully disagree. The developer built the store at Colony for Publix too and probably does get a percentage. That is common to do business that way in strip mall retail areas. EVERYWHERE. I am surprised that some people don't know this is common practice. Are you supposed to not make money when you are in business?
I heard a LONG time ago that Sweetbay was slated to go where it went.
The practice described is economics 101, even earlier than that we learned it in general business courses in junior high.
Please don't make the developers out to be greedy when they are just doing business in established and accepted ways.
Most grocery stores almost everywhere do not own their buildings and can negotiate their own deal.
Here is another little secret. If you paid twenty dollars for the shirt you are wearing, the store you bought it from paid ten for it and the fabric manufacturer made a profit too. That is common business practice and it isn't wrong to make money.
I googled this and this is the first of hundreds of things like it that came up.
http://web.mit.edu/cre/students/faculty/pdf/rlease3.pdf