Starbuck's, Spanish Springs, is closed
 

As of yesterday, July 18, the Starbuck's on Main St. closed. Spanish Springs Square is becoming almost a ghost town with many businesses closing. This doesn't look good, especially to visitors. Can anyone explain?

I can't explain but I was wondering how many stores can TV support.

With a new town square loaded with shopping around the corner, will the older squares suffer?

I was talking to the girl Saturday and I ask her why they were closing and she said the Villages wouldn't renew there lease, that is really strange considering the whole street will be a ghost town soon. The Villages better wise up soon or they will be in trouble.

I've been hanging out with Gracie too long. I'm defending TV. My husband and I were just in Spanish Springs over the Fourth of July weekend. It isn't becoming a ghost town. It's beautiful and thriving. Businesses in TV, like every place else in America, will make it or break it based on free market rules.

You will have to copy and paste these links to see the businesses.


http://www.thevillages.com/lifestyle...%20SPRINGS.pdf

Here's the live cam of the square. Looks like they are settng up for the music.

http://www.thevillages.com/lifestyle/sstownsquare.asp

That is depressing to me. To me Starbuck’s was part of the puzzle, a perfect fit. :sad:

I would be very suspicious of the reason being TV would not
 

renew the lease. It is more likely the costs of doing business, i.e. the rising cost of coffee....and it is just beginning to go up. There is a point where even Starbucks fans will draw the line. In addition, there are far too many Starbucks stores in a given area. As well as the significant number of alternative sources for getting good coffee.

Remember Starbucks gets at least 15% of all the retail sales of a given store.

My opinion.

btk

Heard today that Banner Mercantile is relocating to the old Augustine's (Burbon Street) location. Maybe TV is going to use the starbucks space for additions to BM/.

Do you mean that they are going to relocate the Banner Mercantile from the Reina building to a spot two doors down from where they started? I will wait to see that! :1rotfl:

I have many doubts that SS will become a ghost town. There are many supporters of SS and we will be there as long as there is music in the square. :beer3:

Starbucks is not a major draw to anyplace as far as I am concerned. Open a liquor bar and we will be there forever. :pepper2::pepper2:

My vote is for a Hooter's to take over the old Bourbon Street and Starbucks. But only for the hot chicken wings. :MOJE_whot::MOJE_whot::MOJE_whot:

I was telling my husband what you said zcaveman. He said his vote is for something cultural in that spot like the Canadian Ballet.

I'm not sure what he means though. I've had to drag him kicking and screaming to the ballet the handful of times he'd go with me.

I might be mistaken,but the Canadian Ballet is a strip club.

You were talking to the girl,what girl?,the one that works at Starbucks,rumors fly, starbucks and the developer know the reason ,the rest of us just keep guessing.

Un huh.:D

And what is up with Katie Belles?
All these "up close and personal" appearances that anyone can buy a ticket to see. Are they trying to gey away from using the Savanah center? What is the master game plan going on at the square? Inquiring minds would like to know........................have to dig out the trusty magic decoder ring.

For Starbucks it's a business model issue. 15% of gross return to Starbucks, 10% of gross to TV on top of rent, and they can't survive on what remains. TV charges a % of gross revenue to all businesses in addition to the monthly rent. For a place that has a high traffic flow year round that works. For a place that has a seasonal business model, unless the owner builds that into their business plan, they will fail. Hence the high rate of turnover in TV leased property.

Isn't the percentage method pretty typical of commercial leases?