11-16-2010, 05:00 PM
quote:I disagree.
Originally posted by james weatherford
Your points are well taken, 'Rich.
Another point to add: A chain like Long's (or franchise like BK and KFC) take most of their revenue OUT OF the community (about 85 cent of every dollar, while 15 cents stays) while a locally owned/operated business leaves more revenue IN the local community (about 40 cents of every dollar stays).
James Weatherford, Ph.D.
15-1888 Hialoa
Hawaiian Paradise Park
Both the chain and the "local" business buy their inventory at the same basic places, which in this case, are not local for either one. The chain probably pays better and has better benefits to the employees. The chain also has multiple supervisors and managers which make even more money. All combined, more money will be going into Pahoa.
In the case of Burger King and KFC, they are franchises - with most likely local owners. In this case, the profits will stay here as well.