[Stu from NYC]

If Buc ces had a sit down section would it qualify as upscale?

Best bbq brisket we have had and the baked goods are outstanding.

[coffeebean]

Originally Posted by Stu from NYC

I will wear a nice pair of shorts and collared golf shirt. See no reason to check on others shoes and socks.

Why be concerned with what others are wearing when going out for a nice dinner?

From what I have heard the developer does get a percentage of sales from his business renters but no idea about professional offices.

Just off Wonder of the Seas. We had dinner in Chops specialty restaurant. Had to look at some guy wearing a baseball cap……. backwards!!! I don’t care he was wearing a T Shirt and shorts and flip flops but the cap ruined it for me.

[BrianL99]

Originally Posted by BrianL99

Where do people come up with this stuff?

"Urban Legend" ???

Commercial Leases for retail & restaurants, are typically based on (or include) a percentage of the gross revenue of the business. That's how commercial leasing works.

Originally Posted by Bogie Shooter

Is that a fact in Villages leases?

I doubt every lease in TV is the same. Percentages based on gross sales is a negotiating point, like everything else in a commercial lease.

A restaurant (like any other business) can justify a given rent, based on their projected sales volume (restaurants usually run about 6% - 12%).

A percentage rent is particularly useful, when leasing a restaurant with an unknown or unquantifiable history. The more successful the restaurant is, the more they pay in rent (or the opposite).

Take for example, the 1812 House (I think that's the name of the place in Spanish Springs that recently closed?). That location has a poor track record. Perhaps it's the location or perhaps it's mismanagement.

A potential operator comes to look at the site and says, "no one has been successful in this spot, because it's a lousy location ... I want cheaper rent".

TV Leasing agents says: "It's not the location, it's been mismanaged by previous operators".

Mr. Potential Operator says: "OK, fine. You want $30 sf. and I want to pay $25/sf. If you take the $25/sf, I'll pay you 3% of my gross revenue after the 1st $1,000,000 in revenue".

The owner (Lessor) and the business owner (Lessee), become responsible for each other's success.

Given the # of restaurants FMK has in TV, including operating some country clubs' F&B, I would bet the farm, their rents are based on a % of volume. I don't think there's any other practical way to do it.

Win - win for everyone.

[I have no clue what the going rents are in TV per square foot. That's just an example of how it works in the commercial leasing business].

[ThirdOfFive]

Originally Posted by coffeebean

Just off Wonder of the Seas. We had dinner in Chops specialty restaurant. Had to look at some guy wearing a baseball cap……. backwards!!! I don’t care he was wearing a T Shirt and shorts and flip flops but the cap ruined it for me.

Yeah. We've experienced that on Royal Caribbean a few times. Some clown shows up on Formal Night in the main dining room in a T-shirt, cutoffs and sandals, just because he knows that the staff most likely won't make a scene by making him leave. Guess that makes him (or her, in some cases) special. I don't know.

[JMintzer]

Originally Posted by Chandra10100

There isn’t one here because the villages takes a percentage of money from every business within the bubble. Doesn’t make it a very attractive business opportunity.

That is common in many retail rentals... Not just in TV...

[ThirdOfFive]

Originally Posted by Stu from NYC

I will wear a nice pair of shorts and collared golf shirt. See no reason to check on others shoes and socks.

Why be concerned with what others are wearing when going out for a nice dinner?

From what I have heard the developer does get a percentage of sales from his business renters but no idea about professional offices.

Resort casual. Don't know of too many venues in TV (if any) or any of the restaurants we've patronized in the surrounding area where customers would complain about a fellow customer dressed like that. This is Florida after all.

[JMintzer]

Originally Posted by Randall55

While dining with those who have good hearts, good manners, and good conversation skills, I am blind to what they are wearing. Enter someone dressed to the nines who does not display these attributes and I want to leave the establishment immediately. Clothes don't make the night. People do!

[JMintzer]

Originally Posted by BrianL99

Where do people come up with this stuff?

"Urban Legend" ???

Commercial Leases for retail & restaurants, are typically based on (or include) a percentage of the gross revenue of the business. That's how commercial leasing works.

Correct. And it is not unique to TV...

[BrianL99]

Originally Posted by ThirdOfFive

Resort casual.

It sometimes seems that the vast majority of posts on this site, revolve people's perception of what The Villages is.

Is it a "Resort" or is it a "Community"

If you accept that it's a resort, short term rentals, people who don't know how to navigate roundabouts, folks wearing their pajamas to have dinner at a country club ... all those thing go with being a resort.

If you think The Villages is a community of retired folks, you might expect a higher degree of maturity, patience and decorum.

I suppose everyone is entitled to their own vision of the place they live.

[JMintzer]

Originally Posted by Bogie Shooter

Is that a fact in Villages leases?

One or two members of ToTV have stated that they had previously rented retail space and that was the case...

And again, it is not unique to TV...

[JMintzer]

Originally Posted by coffeebean

Just off Wonder of the Seas. We had dinner in Chops specialty restaurant. Had to look at some guy wearing a baseball cap……. backwards!!! I don’t care he was wearing a T Shirt and shorts and flip flops but the cap ruined it for me.

[Bilyclub]

Originally Posted by Stu from NYC

If Buc-ees had a sit down section would it qualify as upscale?

Best bbq brisket we have had and the baked goods are outstanding.

I've been to around 7 Buc-ees and the best brisket was at the ones that just opened. After a while it seems to be a big load of fat on a bun. I get gas and use the facilities, but not the food anymore.

[Stu from NYC]

Originally Posted by Bilyclub

I've been to around 7 Buc-ees and the best brisket was at the ones that just opened. After a while it seems to be a big load of fat on a bun. I get gas and use the facilities, but not the food anymore.

Interesting. So far we have been happy but the stores we have gone to are on I 75 and I 95 and not opened that long.

Will keep getting the brisket until we decide we do not like it anymore.

[RedChariot]

Originally Posted by JSR22

Chrstmas Day in TV the only restaurants open are Asian and couple of low end chains. What upscale restaurant do you eat at Christmas Day?

Checked with my better half. Each time was Christmas Eve. Primo Steak House, Coastal Del Sol, and Blue Fin. Christmas Eve is a special time that should require someone to leave the baseball caps, shorts and tee shirts at home. The grand kids coming in frayed denim short shorts and tube tops, flip flops , overly exposed , would be a time for a wardrobe redo.

[JSR22]

Originally Posted by RedChariot

Checked with my better half. Each time was Christmas Eve. Primo Steak House, Coastal Del Sol, and Blue Fin. Christmas Eve is a special time that should require someone to leave the baseball caps, shorts and tee shirts at home. The grand kids coming in frayed denim short shorts and tube tops, flip flops , overly exposed , would be a time for a wardrobe redo.

We have our Holiday Dinner Christmas Eve. Usually Chop House.