Quote:
Originally Posted by Airedale1
Had you ever been to the Laconia Burger King? It had it's own dock with slips for about two dozen boats, tables with umbrellas and it's own sandy beach with plenty of parking on both sides of the restaurant.
In the Spring, Summer and Fall, boaters would flock and dock there and grab a quick lunch with their friends before before heading back out for more fun on the lake. Families would drive there and grab a lunch and sit on the beach. In the winter snowmobilers and cross country skiers would also stop there.
In short, business was good there but not profitable enough with a dollar menu that has your customers spending on average $5.00 and an ever rising term of lease.
On the other hand a place like Panera which garners on average $15.00 per customer, not counting what they grab to go from the bakery, would easily turn a handsome profit after buying the property.
Ask anyone who frequents the Concord Panera which is landlocked and has a huge parking problem; it does a very, very good business. It is always packed in there.
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Sorry, I respectfully disagree with your assessment of that property and the restaurant business in general around the Lake. In season weeks and some off season weekends are a beautiful thing for restaurant owners around here, but most will tell you there is no flocking.
IMO, the added costs of taxes and mortgage payments for a waterfront restaurant cannot be borne in our short season.