Anyone Want To Run A Sit Down Restaurant?
Discussion in 'Truck Stops' started by mjd4277, Mar 8, 2024.
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. I must disagree with you I’m thinking the customer base that a truck stop brings in won’t support high enough menu prices to justify that kind of rent. I hope someone figures it out and makes it work because I like sit down service.Last Call, gentleroger, Deere hunter and 1 other person Thank this.
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For a sit down restaurant to make it in a truck stop anymore, it has to be able to draw in locals and traveling 4 wheelers as well. Not many truckers will spend the money to eat in restaurants, even once a day. 7k a month lease could be a hard nut to make. When Denny's went in to the PFJs, their lease agreement called for 7% of the gross receipts, which would be $100,000 a month gross. And Denny's has national recognition.gentleroger Thanks this.
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That place was never empty all the times I went there. Truckers were maybe a third or quarter of their business. The restaurant was the only reason I ever took that exit.Deere hunter Thanks this.
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Lots of Outlaws run that road heading west with Trashy Meat Loads.
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. That makes sense to me a percentage of the gross is less risk on start up. Gives the new operator a chance to bleed less cash in the beginning.High Stepper and Deere hunter Thank this.
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Maybe... but at a certain point, a fixed lease would be cheaper. Of course, if revenue slips, you run the risk of real estate taking a larger percentage of revenue... but that's why successful businesses earn every dime... making the hard decisions.
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$7k a month is a lot for that area. I know be me in Northern WI, restaurant leases go for about $1.50 a square foot. This place looks about 3,000 square feet, so $4,500-$6,000 would be reasonable. Considering it's an established place with long time operators, I'm guessing that a lot of equipment/furnishings are going to need updating/replacement.
All that said, this "article" is little more than am advertisement placed by the owner. -
This is just north of Wichita and adjacent to I-135. Gotta be a higher-traffic area than Green Bay, which would probably command a higher lease rate, no?
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Probably not, considering that Newton has 20,000 people to Green Bay's 100k (200k if you include Allouez, De Pere, and Ashwaubanon). A quick search shows property costs are a little lower, so if anything it would on par.
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