Saturday, May 5, 2007
Do restaurants in San Francisco have to be avante garde and trendy to make their rent and to be successful? I have 10 team members at Mel's Diner on Lombard who think no. Mel's - been around for decades. Not trendy. Though people want the basics too. Sometimes shaking beef at Xanh is too much. Sometimes the mushroom burger is what makes your mouth water. So what does this have to with real estate? Invest in Burger Kings and Sonic Burgers - people will continue to eat there. And, more importantly, your tenants will pay their rent. Win Win Baby!