Zach RichardsHostI know that when I sold my first business, I had a friend and he wanted to get into business.
We were in line to buy four existing locations in Providence, Rhode Island, which at the time was their biggest market back in 98, 99.
We ended up not doing it, but I find it very interesting how they break it down and how scientific they are.
For example, they say that you have to have a drive-thru because a drive-thru increases sales.
And if you have a location where people have to cut across two lanes of traffic coming the other way, even though there may be a turn lane there, it will affect sales because people don't want to do that.
And what I found really interesting as well was that they actually knew that you could have X number of Duncans within a mile of each other.
And it was all based on the number of rooftops because they knew, and I don't remember the exact number, so I'll use this for sake of example, that the average Duncan driver won't drive more than 1.2 miles to get to one of their restaurants.
When you're looking at a location for somebody Do you get that scientific? I mean, how do you decide what's appropriate for them and what isn't?
But if you're, you know, a steakhouse and this is a different kind of, it's not going to be the right locale for you, let's say.
I know that when I sold my first business, I had a friend and he wanted to get into business.
We were in line to buy four existing locations in Providence, Rhode Island, which at the time was their biggest market back in 98, 99.
We ended up not doing it, but I find it very interesting how they break it down and how scientific they are.
For example, they say that you have to have a drive-thru because a drive-thru increases sales.
And if you have a location where people have to cut across two lanes of traffic coming the other way, even though there may be a turn lane there, it will affect sales because people don't want to do that.
And what I found really interesting as well was that they actually knew that you could have X number of Duncans within a mile of each other.
And it was all based on the number of rooftops because they knew, and I don't remember the exact number, so I'll use this for sake of example, that the average Duncan driver won't drive more than 1.2 miles to get to one of their restaurants.
When you're looking at a location for somebody Do you get that scientific? I mean, how do you decide what's appropriate for them and what isn't?
But if you're, you know, a steakhouse and this is a different kind of, it's not going to be the right locale for you, let's say.
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