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Permitting costs in Hawaii County are quite low compared to most any other U.S. county. I suspect the rents, if that is what broke the camels back, are largely based on development costs and a desired rate of return on investment. It is also quite likely that the franchise fees, combined with ground costs, drove their prices to a level
that was not competitive in Puna's economy.
But without talking directly to the lessee/franchisor or examining the lease itself it is mostly guess work.
Fact is that their prices were high, and they had few customers.
Assume the best and ask questions.
Punaweb moderator
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Poor choice of words: while the permits themselves may be relatively inexpensive, the entire project took several years to complete, and that time ain't free.
They definitely had high prices and few customers. I tried the drive-through; it would almost have been faster to drive to Hilo...
I get the impression that some corporates are here as a "me too", and their failure might possibly have something to do with a "lack of basic market research".
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quote:
Originally posted by kalakoa....
It's funny how the developers/landlords just shoot themselves in the foot after a long expensive fight with the Planning and Building departments -- or is this just their attempt to recoup the high cost of permitting?
Maybe an attempt to recoup to the lein money the developer paid for the KFC franchise owner's default to construction company. If you read the link to the article in HTH I posted, Kazi owes the developer quite a bit of money for this lein. The construction company put a lein on KFC building, which Paul paid off, and sued Kazi in May 2012 to recover his money.
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I was bummed when Baker Tom closed, But if he moved here, I'd weigh 500lbs. (not that there's anything wrong w/ that). Just joking, I know he is closing b/c of high rent. Now that KFC is gone, there's no reason to open a Gym across from it in that blue metal building. [
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Going to put my 2 cents in here even though we have not made the jump. You can barely buy the ingredients for a meal that serves 3-4 people here in my home town of Lebanon /Sweethome for under $25. Now im not one to be a health/bible/politics thumper, but fast food is killing most of the poor class, as well as "eating" into the lower middle class....no pun intended. Pizza Hut here in town does their $10 large pizza with unlimited toppings[xx(]. Triple super supreme feeds 4 easy, but at what cost? Seriously, we are moving to Hawaii to try and get away from that mentality as much as we can.
Mom and Pop of any kind FTW. Oh, were also coming so we can be with all you beautiful people.
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Yeah, I got a good chuckle from Greg's post too. Mahalo Greg. Keep it up.
Assume the best and ask questions.
Punaweb moderator
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Not all change is bad, A nationwide chain would give us some variety here without the drive to Hilo at 5 bucks a gallon. Don't need big brother " like bloomberg in NYC" to decide what we eat. If you can't stop eating junk food, don't blame the supplier, blame your lack of self control. Also be nice to have a business that paid a decent wage and hired someone besides their nephew.
dick wilson
"Nothing is idiot proof,because idiots are so ingenious!"
dick wilson
"Nothing is idiot proof,because idiots are so ingenious!"
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Yeah.... a nationwide chain offering decent wages. Right! These fast food chainsload there food with ALL kinds of nasty processed crap that literally WILL kill you and much of that stuff is addictive, and designed to keep you coming back for more. These plac
