Quote:
Originally Posted by Airedale1
My comments were made specifically about the Burger King in Laconia and I made no comments whatsoever regarding, "the restaurant business in general around the Lake."
That being said, when you say, "IMO, the added costs of taxes and mortgage payments for a waterfront restaurant cannot be borne in our short season." Are you saying that there are no successful waterfront restaurants on Winnipesaukee?
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There are plenty of pre-existing restaurants that are on the lake and are successful, but I can't think of many (or any) stand-alone restaurants that have been redeveloped as this site requires.
I guess my point was that if Panera were to open a restaurant in the Lakes region, they would likely look at sites that are not waterfront. Assuming a property cost delta of at least plus $1 Million and an increased tax burden of $3K a month, Winni traffic would have to support an additional $10-12K/month. That does not take into consideration the year round maintenance costs on the currently unprotected docks or the nightmarish DES process to build there.
I am not saying someone won't bite on that property as a restaurant, but I sure would not.