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Friday, January 11, 2019 2:15:33 PM
S&L has the great benefit that it attracts both locals and tourists alike.
Every location will bring in another ~$3 - $4 million dollars yearly. As such, EVERY location is incredibly important, especially in this early part of our growth.
That said, as I mentioned before, some locations have an intrinsic importance that other locations simply don’t. In my opinion, tourist heavy locations such as Orlando, Las Vegas, New York, etc etc, have the great benefit of being, precisely, tourist heavy locations.
Are they the best locations just because they are tourist heavy? No. New York for example, might not be the best place to put a S&L in due to how costly the spaces are.
A location which has a moderate/cheap price with a lot of traffic might make a lot more profit than a place with a high price and a lot of traffic.
That is why these JV make so much sense though. The private investor knows how much risk he can take, so
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