Friday, April 13, 2012
Our first thought: Wonder why they didn't take over the empty KFC building at Buena and Broadway, which is already fitted out as a restaurant, rather than retrofitting a laundromat?
Actually, this could be very good news for the area if it's a KFC franchise, because franchisees have to meet and maintain certain standards set by the KFC office. There's a hefty franchise fee ($45,000) and start-up costs ranging from $1.3million to $2.4million. In short, the franchise owner has a very big interest in making sure the store makes a profit and is professionally run.
(By contrast, the former Popeye's at Wilson and Broadway wasn't a franchise, but was independently owned.)
Time will tell how this all plays out.