Quote:
Originally Posted by rkimball
When we first moved to The Villages years ago the restaurant at the Santiago Club was standing room only. The developer then allowed the tenant to let this property fall into disrepair. So now its up to us residents to buy and maintain this building as another small rec. center/pool hall. If he, the developer did not want to be in the restaurant business he should not have built them in the first place.
But, of course, they were big selling points to future home site buyers. A restaurant/club house right across the street. Remember Chula Vista. Now El Santiago. Next Tierra Del Sol and then Havana.
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Early in my banking career I learned that new independent and family owned restaurants had a failure rate of about 50% in the first year. another 50% or so failed in the next two years. The exception to this pattern is national chains, which have sophisticated models for the placement and operations of the stores.
I don't think the "Developer has much control over the bigger forces that are characteristic os a problematic type of business.
In a town of 35000 people I know of one location that housed 9 start up eateries in 20 years, all failed.
