Re: Dominics Closed at LSL
 

I tried to interpret and think maybe i got your gist. it doesn't matter if the asking price/rent is 2,000, 15,000, or 50,000. if there are customers/renters who want to pay the price, it's valid. if not, it's too high.

you say, i think, that no one can start a restaurant while paying 15,000 rent. maybe so, maybe not, but that's the problem of the renter, not the developer. if you know you cannot support that overhead, don't open. it does the owner/developer no good to have failing businesses.

Re: Dominics Closed at LSL
 

It's not all economics 101...rents are too high. There is a high rate of failure, particularly in restaurants and lots of empty store fronts so you don't quite get the feeling that all is well here. A lively, bustling Lake Sumter Landing with lots of open stores is really one of the capstones that says success. Walking around in that environment makes you want to live here..empty storefronts and closed restaurants are problematical. Something is amiss in the business plan that drove these rents (Yes, Whiskey Creek and Dominics did pay rents close to those numbers). So, you have to turn tables 3x at restaurants and have a VERY lively bar and banquet schedule just to survive. Yes, there is supply and demand and then there is realistic supply and demand that adjusts to the economic conditions. Can't wait to see if something decent goes into Dominc's and Whiskey Creek and how long they last. It's all very interesting.....

Re: Dominics Closed at LSL
 

Goldie: Go talk to Sandy Bonnie at Garvinos. They are looking for fresh talent.

Skip

Re: Dominics Closed at LSL
 

Goldie...: Is this Keith and his wife?

Skip

Re: Dominics Closed at LSL
 

For what it's worth..............I heard the latest scuttlebut is they will build an outside bar (like Urban Flats) and then reopen.