Why sweetbay-not publix

[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.:sad:

[SpicyCajunPugs]

Will a Sweetbay definitely be built there, and is Publix considering building in the Brownwood area?

[janmcn]

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.:sad:

Doesn't Publix pay the developer a percentage of their profits on their other four stores? If so, why are they balking this time? I'm not saying I blame them. The Villages needs Publix more than Publix needs The Villages.

[mulligan]

The residents may need publix, but the developer doesn't

[skyc6]

It was announced in the daily Sun that a Sweetbay was going into that strip mall. Some other stores were named also, but I am not sure of all of them. I know it said Walgreens and China Gourmet, which made it sound very smilar to the strip wherer Publix is. Does anyone know any other named stores?

[ROCKETMAN]

Publix does not pay a pertage of profits at the other stores. Because no one knows what rent they pay at colony or other stores it would be hard to tell if developer wanted less rent but would take a chance on making it up in profit. Too many variables and unknowns for a pion.

[Bogie Shooter]

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.:sad:

From this post I assume Publix management shared with all employees why the store was not going into the mall near the library. Is that true?

[graciegirl]

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.:sad:

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

[NotGolfer]

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 are doing the same thing.


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. I don't spend time researching Miss 100.

http://web.mit.edu/cre/students/faculty/pdf/rlease3.pdf

:BigApplause: :BigApplause: What Gracie said is correct!

PLUS along those same lines....clothing with a "name" on it is made by a factory which goes to a vendor. The tags are put on before the vendor and can be from a plethora of "names". So if you had something that said "Smith" on it and it seemed exclusive---don't be impressed because another vendor would get the same article(s) and could have another "name" put on it. The price would go by which "name" was on the item!! I learned this in a college class as well. Very quickly helped me NOT to be impressed with a "name". It's the Free Enterprise System!!! God Bless America!!

I heard (again one of those rumors) that Publix was going somewhere down by hwy 44.

[asianthree]

i shop sweetbay first and whole foods second so i am happy

[Bonny]

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.:sad:

Who told you this ? If you work there, is this something that everyone was told? I have several friends that work at different Publix here in the Villages.

[ilovetv]

I think most of this is conjecture. Just because a person works at Publix doesn't mean they know all the details of contract negotiations like this.

Also, it sounds like a good place for Winn-Dixie to expand into.

And Target's expanded food section is nice and bargain-filled too. That would be good in Brownwood area.

[Bonny]

:BigApplause: :BigApplause: What Gracie said is correct!

PLUS along those same lines....clothing with a "name" on it is made by a factory which goes to a vendor. The tags are put on before the vendor and can be from a plethora of "names". So if you had something that said "Smith" on it and it seemed exclusive---don't be impressed because another vendor would get the same article(s) and could have another "name" put on it. The price would go by which "name" was on the item!! I learned this in a college class as well. Very quickly helped me NOT to be impressed with a "name". It's the Free Enterprise System!!! God Bless America!!

I heard (again one of those rumors) that Publix was going somewhere down by hwy 44.

Same with medicines, appliances & many other things. A handful of companies make a lot of them and sell them to different companies that put their name on them.

[justjim]

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.:sad:

Looks like you got "real" job security.:coolsmiley: Personally, I don't have a problem with Sweetbay.

[Mack184]

Who told you this ? If you work there, is this something that everyone was told? I have several friends that work at different Publix here in the Villages.
Yeah. Most corporate managment that I know of and within corporations that I have worked for keep their business decisions within the scope of "A Need To Know" basis. Reports based on what Jerry the Janitor told you at the bar last night don't quite pass the smell test. If you truly KNOW what you have stated is a fact please state your QUOTEABLE source.

[ROCKETMAN]

From this post I assume Publix management shared with all employees why the store was not going into the mall near the library. Is that true?

If you are asking did they make an announcement over the p a -no. just word of mouth.

[LndLocked]

"That is common to do business that way in strip mall retail areas. EVERYWHERE"

I respectfully disagree.

It is NOT common for a landlord / developer to ask for a % of gross profits in a lease agreement. They make money (as the have a right to) on lease payments (and some would say Common Area Management (CAM) ) ... however, a % of profits from your tenants is by no means normal.

[graciegirl]

"That is common to do business that way in strip mall retail areas. EVERYWHERE"

I respectfully disagree.

It is NOT common for a landlord / developer to ask for a % of gross profits in a lease agreement. They make money (as the have a right to) on lease payments (and some would say Common Area Management (CAM) ) ... however, a % of profits from your tenants is by no means normal.

I doubt whether Publix gives a percentage of it's profits to the landlord..But it is NOT uncommon for clothing and other retail stores to do so across the U.S. I would guess as Jan said that the Publix was sought after and probably wrote a good agreement..

But again. I present this link to back up what I said.

http://www.ehow.com/how_107812_lease-retail-space.html

[JB in TV]

"That is common to do business that way in strip mall retail areas. EVERYWHERE"

I respectfully disagree.

It is NOT common for a landlord / developer to ask for a % of gross profits in a lease agreement. They make money (as the have a right to) on lease payments (and some would say Common Area Management (CAM) ) ... however, a % of profits from your tenants is by no means normal.

I respectfully disagree with you. It IS common practice for a landlord of a mall/strip mall to ask for and get a % of the take from the tenants businesses. VERY common.

[T-325]

From Entrepreneur.com

Percentage rent clause Herb Weitzman, CEO of Weitzman Group and Cencor Realty Services in Dallas, says tenants agree to pay higher rent when their sales exceed a certain threshold. The International Council of Shopping Centers publishes rent guidelines--a supermarket can pay 2 percent of gross sales to its landlord and make a profit, a pizza parlor can pay 10 percent and so on. Your broker will negotiate an initial rent below that; then, once you start making money, it will go up. Be careful. As Hein says, "Retail sales can have big swings. We negotiate that percentage rent doesn't start until our tenants have hit their sales figures for 12 months in a row."

Read more: aaa.entrepreneur.com/article/205996#ixzz2PpB19Vfa



Older article from the Times:
aaa.nytimes.com/2006/03/22/realestate/commercial/22grocer.html?pagewanted=all&_r=0

Supermarkets are a low-margin business, in part because a large proportion of their stock consists of perishable goods. A decade or so ago, a supermarket would pay an amount equivalent to 2 percent of its sales in rent in affluent neighborhoods, Mr. Catsimatidis said. Now, it has to pay as much as 8 percent of sales, he said. To hold onto a store on University Place and Eighth Street, Mr. Catsimatidis said, he had to agree to twice the previous rent.

[Bogie Shooter]

If you are asking did they make an announcement over the p a -no. just word of mouth.

That would be called a rumor.

[KeepingItReal]

...

[mrsyarbie]

Publix is family owned and operated all over Florida, they do what ever they choose to do, in this case they chose not to...

[DougB]

Sweetbay? Publix? What's the difference?

[ilovetv]

Publix is family owned and operated all over Florida, they do what ever they choose to do, in this case they chose not to...

Seems like a good company to me, and it's what people here are begging for in the southwestern end of TV.

"Publix Super Markets, Inc., commonly known as Publix, is an American supermarket chain based in Lakeland, Florida.
Founded in 1930 by George W. Jenkins, it is an employee-owned, privately held corporation. Publix is currently ranked No. 67 on Fortune magazine's list of 100 Best Companies to Work For 2011 and was ranked No. 6 on Forbes' 2011 list of America's Largest Private Companies and is the largest in Florida.

The company's 2011 sales totaled US$27.1 billion, with profits of nearly $1.5 billion, ranking #106 on Fortune magazine's Fortune 500 list of U.S. companies for 2012. Supermarket News ranked Publix No. 8 in the 2012 "Top 75 North American Food Retailers" based on 2008 fiscal year sales. Based on 2011 revenue, Publix is the fourteenth-largest US retailer......

Publix - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Publix)

[Geewiz]

It all honesty...the taste is the decider. The meat and sourdough is better at Sweetbay....for the staples I go to Walmart...fruit and better bakery at Publix...it anyone has a better suggestion...I'm open.

[graciegirl]

It would be nice to see something done just for the overall benefit it would be to the residents once in a while. Especially since in this case there is an almost critical need identified for more grocery stores on the south/west side.

Of course rent would be expected but it must be a percentage of profits too.......

I thought someone once said everything that happens here is not purely profit driven. Maybe I misunderstood.....

If this were true, what you surmise, then Publix would not have opened all of the other stores here. They are doing just fine with this business model and it is up to THEM where they open another store. Now that Sweetbay is building where they are, it is a taking a bit of the initiative away for them to build close by. They have smart minds figuring their profitablity.

Making a profit is how people do business If they do it WELL they make a lot of money and that makes them rich. Being rich is not a sin unless you harm people or do it illegally or deal drugs or run a cartel.

[senior citizen]

"That is common to do business that way in strip mall retail areas. EVERYWHERE"

I respectfully disagree.

It is NOT common for a landlord / developer to ask for a % of gross profits in a lease agreement. They make money (as the have a right to) on lease payments (and some would say Common Area Management (CAM) ) ... however, a % of profits from your tenants is by no means normal.


Not sure what percentage mall stores or developers take (such as in The Villages) although we did read "way back when" that to have a retail business in TV, one would have to share a small percentage of the profits......in addition to paying the rent of course.

In our small town, a merchant simply pays his rent to the landlord.
No shared profits. A merchant of any kind has plenty of expenses in taxes to the state, to the federal gov't, employee payroll and contributions, and on and on.......without giving a percentage to the landlord. Merchants up here also pay their own utilties, heat, etc. Not talking mall stores, just "Main Street" businesses.

Doubt if our supermarkets share their profits with our town, although they do philanthropical type charity which benefits many.

Franchises are a whole different ballgame. A cousin of ours in New Jersey owns a franchise for at least 35 years now and how they "limit your profits" is by giving you a designated "route"........hard to grow a business that way. Anyone who watches "Undercover Boss" will recently have seen mention of how a franchise may sound good initially, but then they get sucked under with all kinds of expenses.......

We also liked Sweetbay.......Publix was good too, but preferred Sweetbay as we are used to Hannaford out of Maine /Vermont, etc.

Hope all the folks in the newer areas get exactly what they need and soon. Both of our rentals were very conveniently located, first to Sweetbay near the Village of Caroline and secondly to a Publix in Mulberry Grove.

[skip0358]

If the stores are required to give a percentage so be it. I've heard that all stores & resteraunts have a % base IF they're on TV property. That's their issue not ours. As for Publix picking the site Sweetbay will occupy I happen to think would have been a mistake because it's to close to Colony. From a customer base the southern end would be a much better grab as that's where ALL the newer residents will be going, besides those people on Rts 44 & 44A along with the Wildwood area. I know there's a lot of activity on the East side of BuenaVista by Brownwood where the Hospital was supposed to be.Think about a ride from down that way up to either Publix or the new Sweetbay ( forget your ice cream ). JMO

[JohnFromMaine]

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

The profit motive is GOOD and it's what creates jobs. Something the current administration doesn't seem to understand.

As to the pros and cons of Publix vs SweetBay, I think they both have their good and bad points and I shop at which ever has what I want or need. :mmmm:

I suspect that we will eventually see a Publix down near Brownwood or maybe near the end of Morse Blvd.

[JohnFromMaine]

If the stores are required to give a percentage so be it. I've heard that all stores & resteraunts have a % base IF they're on TV property. That's their issue not ours. As for Publix picking the site Sweetbay will occupy I happen to think would have been a mistake because it's to close to Colony. From a customer base the southern end would be a much better grab as that's where ALL the newer residents will be going, besides those people on Rts 44 & 44A along with the Wildwood area. I know there's a lot of activity on the East side of BuenaVista by Brownwood where the Hospital was supposed to be.Think about a ride from down that way up to either Publix or the new Sweetbay ( forget your ice cream ). JMO

You said it better than I did in my previous post Skip. :bigbow:

[senior citizen]

Sweetbay? Publix? What's the difference?


Sweetbay had the better pumpkin pies. I threw out the Publix pies.
Better rolls, etc. Not able to bake when you are renting over the holidays, so just my personal opinion, but Sweetbay was really nice.

Just preferred the bakery, deli, produce at Sweetbay........plus the size was not as humongous as Publix. Nothing particularly wrong with Publix....but some of their stuff was not great.

When we were there, the fruit at Sweetbay was excellent....ditto for the salad stuff.

Wish those stores would be open 24 hours like our Price Chopper is up here. It would help folks "beat the heat" during the summer .

In Arizona, stores are open round the clock..........with misting devices, like at Epcot, etc. Too much to hope for? Just kidding...............

[jblum315]

Well, WallyWorld is open 24/7

[Bogie Shooter]

Sweetbay had the better pumpkin pies. I threw out the Publix pies.
Better rolls, etc. Not able to bake when you are renting over the holidays, so just my personal opinion, but Sweetbay was really nice.

Just preferred the bakery, deli, produce at Sweetbay........plus the size was not as humongous as Publix. Nothing particularly wrong with Publix....but some of their stuff was not great.

When we were there, the fruit at Sweetbay was excellent....ditto for the salad stuff.

Wish those stores would be open 24 hours like our Price Chopper is up here. It would help folks "beat the heat" during the summer .

In Arizona, stores are open round the clock..........with misting devices, like at Epcot, etc. Too much to hope for? Just kidding...............

When you are in TV, how many people do you see that were out and about at 2AM?. 24 hour grocery.....who would shop? Did you find the heat that bad when you were here in the summer time?

[thelegges]

When I run at 3am there are a lot more folks up than you think...I love grocery shopping at 4 or 5.... Just stocked items bread fresh from the oven and few people in line

[senior citizen]

When you are in TV, how many people do you see that were out and about at 2AM?. 24 hour grocery.....who would shop? Did you find the heat that bad when you were here in the summer time?

Not at all hot, since it was October and November. Very pleasant.

We retire so early in the evening and get up so early in the morning which I assume that many seniors do also.......I was thinking more of the supermarket being open very early in the a.m. as ours is, since it is open 24 hours.......this is convenient for hospital nurses and staff who work the overnight shift or late evening shift.......police, etc. who can pick up some things on their way home.........we see so many people early in the morning.

We've never gone in the middle of the night or at 2 a.m.
But we do get up with the chickens.......

We like to get the shopping done early a.m. and get it all put away early.
We are often back by 6 or 7 a.m. or even sooner.........whereas the Publix, etc. didn't open until 7 a.m. in TV. Of course, we are still shopping to stock up for when the kids and grandkids visit, etc., along with their friends who also come to our home when our adult kids are in town for long visits.

I'm sure that pattern will change once we relocate.........
Eating out sounds good to me.........less frequent supermarket visits.

So many seniors have insomnia........so earlier opening at least good for those as well, whenever it's a heat wave. Get it out of the way, not in the noon time heat.

[senior citizen]

When I run at 3am there are a lot more folks up than you think...I love grocery shopping at 4 or 5.... Just stocked items bread fresh from the oven and few people in line

Which supermarket is open?????

What you say is also echoed by the lady who runs a community care home in our town.........she loves to shop the times you shop for same reasons.
She has a lot of elderly folks to feed every day and can "concentrate" by not running into everyone in town who wants to chat.

[justjim]

Honestly, who really knows what the actual lease is between the Developer and a Publix, or for that matter, another retail store in TV. It's likely all any of us will ever know is rumors from which we make assumptions and conjecture regarding any long term lease between such parties. With the "stakes" in the thousands and sometimes in the millions both parties have their attorney's working out all the intricate details of the terms of such a lease. This would not be the first "dance" for a Publix, Sweetbay, Target, Belks or the TV Developer.

It will all be "worked out" and I would place a bet that we will benefit! :wave:

[ohhappyday]

Word has been that there will be a new publix going in out that way this time next year. Supposed to be 3 miles west of the current colony. I was surprised it wasn't going in the shopping center but there is a lot of land along 466a for development that has been for sale and sold already. So don't worry folks :)

[senior citizen]

Well, WallyWorld is open 24/7

Do you mean Walmart or the fictional WallyWorld in Chevy Chases's family vacation movie???? We have the smallest Walmart with no food....it's taking years for the zoning to progress to expanding to a larger Walmart.

Clark Griswold (http://en.wikipedia.org/wiki/Clark_Griswold) (Chase), wanting to spend more time with his wife Ellen (D'Angelo) and children Rusty and Audrey (Hall and Barron), decides to lead the family on a cross-country expedition from Chicago to the Los Angeles amusement park "Walley World", billed as "America's Favorite Family Fun Park". Although Ellen wants to fly, Clark insists on driving, so he can bond with his family. In preparation, he has ordered a new sports wagon for the trip, but when the dealer pulls a bait-and-switch (http://en.wikipedia.org/wiki/Bait-and-switch), insisting the sports wagon won't be ready for 6 weeks, Clark is forced to take a failing behemoth Wagon Queen Family Truckster (http://en.wikipedia.org/wiki/Wagon_Queen_Family_Truckster).

As the family travels, they have several mishaps, such as being tagged (http://en.wikipedia.org/wiki/Graffiti) by vandals while in a rundown part of St. Louis (http://en.wikipedia.org/wiki/St._Louis), while Clark is tempted several times by an attractive young woman (Brinkley) driving a flashy red Ferrari 308 GTS (http://en.wikipedia.org/wiki/Ferrari_308_GTS). They stop in Coolidge, Kansas (http://en.wikipedia.org/wiki/Coolidge,_Kansas) to visit Ellen's cousin Catherine (Miriam Flynn (http://en.wikipedia.org/wiki/Miriam_Flynn)) and her husband Eddie (Quaid), but this creates more tension among the Griswolds. Catherine and Eddie foist crotchety old Aunt Edna (Coca) and her dog Dinky on the Griswolds, asking them to drop her off at her son Normy's home in Phoenix (http://en.wikipedia.org/wiki/Phoenix,_Arizona). After stopping at a campground in South Fork, Colorado (http://en.wikipedia.org/wiki/South_Fork,_Colorado) for the night, Clark forgets to untie Dinky from the car's bumper before leaving, killing the dog.

While Ellen and Clark argue, they become stranded in the desert, and Clark eventually finds a mechanic that scams him out of the rest of his cash (http://en.wikipedia.org/wiki/National_Lampoon%27s_Vacation#) to fix the car. Frustrated, they stop at the Grand Canyon (http://en.wikipedia.org/wiki/Grand_Canyon); when Clark cannot convince a hotel clerk to take a check, he takes cash from the hotel's cash register (http://en.wikipedia.org/wiki/National_Lampoon%27s_Vacation#) but leaves behind the check. Leaving the Canyon, they find that Aunt Edna died in her sleep. When they reach Normy's home, they discover he is out of town, and leave Edna's rigor mortised (http://en.wikipedia.org/wiki/Rigor_mortis) body in the backyard.

Despite all the events and the begging of Ellen and the kids, Clark is more determined to get to Walley World. They finally arrive the next day to find the park closed for repairs. Clark, slipping into madness realizing that all his efforts have been for nothing, buys a realistic-looking BB gun (http://en.wikipedia.org/wiki/BB_gun) pistol and demands a park security guard named Russ Lasky (John Candy (http://en.wikipedia.org/wiki/John_Candy)) to take them through the park at gunpoint; Ellen and kids follow him, attempting to placate their husband and father. Eventually the SWAT (http://en.wikipedia.org/wiki/SWAT) team arrives along with park owner Roy Walley (Eddie Bracken (http://en.wikipedia.org/wiki/Eddie_Bracken)). Roy understands Clark's impassioned epitome of the American Vacation, bringing back memories of his own childhood years ago. Roy does not file charges against the Griswolds and lets the family enjoy the park as his guests. The credits show various photographs of the Griswolds enjoying the rest of their vacation, including returning to Chicago (http://en.wikipedia.org/wiki/Chicago) via plane.

[ROCKETMAN]

The profit motive is GOOD and it's what creates jobs. Something the current administration doesn't seem to understand.

As to the pros and cons of Publix vs SweetBay, I think they both have their good and bad points and I shop at which ever has what I want or need. :mmmm:

I suspect that we will eventually see a Publix down near Brownwood or maybe near the end of Morse Blvd.

Initially i thought publix wanted 2 more stores but with sweetbay down by the library i think closer to brownwood on 44 will happen. Just a matter of when.:wave:

[mulligan]

When they feel they can pack it full like colony. That's the kind of traffic retailers love !!

[Mack184]

When they feel they can pack it full like colony. That's the kind of traffic retailers love !!
Bing! Bing!! BING!!! WINNER!!!! None of these companies is going to open and staff a store that is going to be half-full when they can over-pack a current operating location.

Most companies have business percentage goals to reach before they will even consider opening another operation that is near-by to a current store. The Darden Restaurant Group (Dead Lobster/Olive Garden/Longhorn) requires that it's current location be operating CONTINUALLY at 110% of daily expectations before it will even think about adding a new near-by store.

If you have to wait a little bit, they don't care. I don't say this in a mean way. They KNOW you will wait, because you've made a CHOICE.

Whether it's a grocery store or restaurant there are tremendous start-up costs that include building, staffing, operating licenses, insurance, payroll, stocking and all those things that go with opening a new facility. These successful businesses are not going to upset their apple cart by rushing into laying out a few million bucks because some grumpy people on a website decide that they need to open a store. They are going to stick to their long-term plan and do what works best for THEIR bottom-line. Which, BTW..is what SUCCESSFUL businesses do.

So when the time is right for THEM, then you will see a new store.

[senior citizen]

Honestly, who really knows what the actual lease is between the Developer and a Publix, or for that matter, another retail store in TV. It's likely all any of us will ever know is rumors from which we make assumptions and conjecture regarding any long term lease between such parties. With the "stakes" in the thousands and sometimes in the millions both parties have their attorney's working out all the intricate details of the terms of such a lease. This would not be the first "dance" for a Publix, Sweetbay, Target, Belks or the TV Developer.

It will all be "worked out" and I would place a bet that we will benefit! :wave:

""As a retail business owner (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/who-pays-square-entertainment-8626/#) in The Villages, I do know that businesses that lease retail space from The Villages pay a percentage of their sales to them. Where this money goes (except profit) is a question. ""

I just googled the question and found this above post on Talk of the Villages posted in 2007 . I know that the retail shop business owners pay a percentage of their profits or sales to THE VILLAGES as my husband was told that. I didn't list this person above's screen name but it was 2007. I believe we were told at least three or more years ago.

This may NOT relate to PUBLIX........but to a retail store such as a clothing store or jewelry store or furniture sture.......not a big conglomerate chain like Walmart or Publix or Beals, etc.

In the real world, other than a MALL STORE, no other small retail store owner pays a percentage of their sales profits to anyone..........other than in local, state and federal taxes.......or to their employees re payroll, benefits, etc. Of course, they pay rent to their landlord and pay their own utilities but their profit is theirs to keep..........or they would not be in business.

p.s. I was just told that the reason behind the mall store owners having to pay a share of their profits to the developer is that the developer then pays for the general advertising????
So, besides rent, they pay a percentage of their profits. A small retailer on a "Main Street" type of town center also pays his own advertising and everything else.

Still , on a similar thought...........we were also told decades ago that anyone who wanted to open up a shop in Disney World, such as at Epcot, would also pay a share of their profits to Disney.
Ask and ye shall find.
__________________

[graciegirl]

I am SO glad that at one point I left the teaching profession that I dearly loved and joined the business world. It has enlarged my knowledge so much.

I am amazed sometimes at how a lot of people don't really know how it all works in the world of business.

I never liked my job in business, but it taught me a great deal and I learned that your true professionalism is what you REALLY are and that doesn't change whether you are a teacher, mom, or business owner. I claim a feeling of success at each job, but I loved teaching best..Being a mom was a lot harder than I had ever dreamed...ahhh but the payoff is terrific.

You get to hear your children telling your grandchildren the same thing you told them and you get to hear your grandchildren saying. "OH MOM".

[JB in TV]

A quick Google search on types of retail rentals gave me these hits regarding percentage leases or rents:

Understanding Percentage Rent in Retail Leases - Law Firm Kaplin Stewart Meloff Reiter & Stein, P.C. Attorneys Blue Bell, Pennsylvania (http://www.kaplaw.com/CM/Custom/Understanding-Percentage-Rent-in-Retail-Leases.asp)

http://web.mit.edu/cre/students/faculty/pdf/rlease3.pdf Scroll down to page 4 for info on percentage rents.

Commercial Leases - Average Percentage Rents Charged in Commercial Leases (http://womeninbusiness.about.com/od/leasingcommercialspace/a/avg-percentrent.htm) This one has a nice chart showing typical percentage rents

[Cantwaittoarrive]

I like Sweetbay

[StarbuckSammy]

Tenants pay a percentage of sales to the owner of the shopping center. Not profits. This is typical and I am sure Publix does it.

[dblwyr]

Kudos to Gracie for a great post.

[janmcn]

Bing! Bing!! BING!!! WINNER!!!! None of these companies is going to open and staff a store that is going to be half-full when they can over-pack a current operating location.

Most companies have business percentage goals to reach before they will even consider opening another operation that is near-by to a current store. The Darden Restaurant Group (Dead Lobster/Olive Garden/Longhorn) requires that it's current location be operating CONTINUALLY at 110% of daily expectations before it will even think about adding a new near-by store.

If you have to wait a little bit, they don't care. I don't say this in a mean way. They KNOW you will wait, because you've made a CHOICE.

Whether it's a grocery store or restaurant there are tremendous start-up costs that include building, staffing, operating licenses, insurance, payroll, stocking and all those things that go with opening a new facility. These successful businesses are not going to upset their apple cart by rushing into laying out a few million bucks because some grumpy people on a website decide that they need to open a store. They are going to stick to their long-term plan and do what works best for THEIR bottom-line. Which, BTW..is what SUCCESSFUL businesses do.

So when the time is right for THEM, then you will see a new store.

When the Colony Publix opened in April 2007, there were very few houses south of Bonita Blvd. I would go down there early in the am and my car would be the only one in the parking lot, and I would be the only one shopping in the store. The bag "boys" would be fighting over carrying my groceries to the car.

What happened here in the past is not consistent with your theory that a company is not going to open and staff a store that is only half full.

[billethkid]

in the leases that I helped with in Lake Sumter Landing and Spanish Springs there was a clause about TV getting a percentage of the revenues .but only after achieving a significant increase in revenues. If for example the retailer was forecasting to do $500,000 per year in sales, the clause stated that AFTER ACHEIVING SALES OVER $1,000,000 per year, there would be a percentage on the amount OVER THE $1,000,000 ONLY. A new retailer in TV given the opportunity to double their sales....most do not....would have no problem apying a percent to TV when they in fact do double their sales.

Sale MY GUESS (because I do not know) is if thar clause is in all retailers leases, most of them DO NOT PAY A PERCENTAGE.

These are facts well known to the retailer when doing their diligence in determining whether to set up business here or not. So it is not a surprise to any retailer tenant.

I am also sure their are different lease arrangemnts depending who is sitting at the table and how bad TV either wants the business there or just fill the space.

The worn out rumor that many retailers fail in TV because the rent is too high.....is nothing more than the failed retailer saving face. They knew what it takes to be profitable the day they signed the lease.

All the non authentic commentary (usually called rumors) about what store is going where or whether or when is just......rumors and feel good verbiage.

But it is fun to watch :popcorn::popcorn:

btk

[Mikeod]

All the non authentic commentary (usually called rumors) about what store is going where or whether or when is just......rumors and feel good verbiage.

But it is fun to watch :popcorn::popcorn:

btk

So true. I've learned during my time here that a business will be here when it's here. I've heard of so many businesses coming here that never materialized that I wait until the sign is on the facade before believing it.

[janmcn]

So true. I've learned during my time here that a business will be here when it's here. I've heard of so many businesses coming here that never materialized that I wait until the sign is on the facade before believing it.

The fact is the developer builds houses, golf courses, recreation centers, and country clubs and has not promised anybody a grocery store, more softball fields, bowling alleys, dog parks, churches, etc.

Take what you see at face value, don't expect anything more, and you won't be disappointed. BTW, enjoy the two new jewelry stores.

[graciegirl]

The fact is the developer builds houses, golf courses, recreation centers, and country clubs and has not promised anybody a grocery store, more softball fields, bowling alleys, dog parks, churches, etc.

Take what you see at face value, don't expect anything more, and you won't be disappointed. BTW, enjoy the two new jewelry stores.



HE, the developer cannot promise anyone a grocery store or a church because he isn't the grocery store or church. The softball fields are another thing and so is the dog park. Just where would you put them now that everything is alll platted out???? Would you want to live next to a softball field or a dog park?? Would you?

How many times does it have to be stated he is just a developer, he builds to suit as far a commercial tenants are concerned. He can't make them come here, can't cajole them, force them or buy them to come. He can build a building for them if they want to come and he can rent to them.

[KeepingItReal]

...

[graciegirl]

So we finally really do agree nothing happens here unless there is a profit to be made. No one should blindly trust any business..and there have been a few problems along the way..thanks to those willing to speak up about them the entire community is better off. Doesn't make anyone terrible or dishonest but just goes to show nowhere is perfect.

THERE is no shame in making a profit. That is how this country survives. Free enterprise. Building a better mousetrap and being paid for it and paying the mousetrap makers and the mousetrap trucks to carry it in and the mousetrap cleaner uppers. Then they can feed their families and if you sell enough mousetraps you can be rich.

The only entity that is continuing to run in the red is...

Well we know what it is and I hope it survives.

[cquick]

I'm glad it's a Sweetbay....love Publix, but I also shopped Sweetbay when we stayed for our LSV. I'll shop there!