Anything You Can Do, I Can Do Better... I think.
Couple that with a lack of much in the evening to draw the dinner crown and you've unfortunately got a poor place for a plethora of restaurants.
So, as the leases come up (I'm assuming), the restaurants are shutting down. The first to go was my favorite - Cosi. It's the only one in the area. Mark and I would often meet for lunch there. But, it was pretty empty no matter what day we went. It shut down and turned into an Italian bistro. The next to go was Zinnia. It was a "chick place" for lunch and tres expensive for dinner. We had lunch there a few times - they had good Paninis with interesting salads. It's gone and it's currently morphing into Kafe Neo - a Greek restaurant (yum!).
But, I have to wonder what makes these two new restaurants think they can succeed where the others didn't? Did they really look at the street traffic at meal time? Or do they just think they're smarter than the previous owners.
This is not unlike what happens with scrapbook stores. Usually when one closes, another one someplace else might open. Not always in the same spot, but in the same area. For a while, it was an epidemic in my area. The minute one closed, someone else decided to open. Does the owner of the new store think the owner of the closed store was just not smart enough to run the business? Or, do they believe the story that they closed for "family reasons"? You don't close a business that is a cash-cow. PERIOD. If the store is doing well, you pay someone to manage it or sell it. People don't close profitable businesses.
I wish these new restaurants luck. I'm sure I'll eat at both from time to time. But, I hope that the new restaurants did their homework and have a compelling reason as to why they think they will succeed where the others didn't.
Bottom line is to do your research... Don't open based on YOUR desires or emotions or even the "you can do it" encouragement of others. Want, needs, desires and encouragers aren't footing the bill. I can't only imagine the debt these previous owners are stuck with. For example, a Cosi franchise is a minimum of $775,000 to open. Yikes...






