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Thanks for clearing that up.
The market will decide.
I'm sure many people thought a giant bookstore would do well in downtown EL too.
a 100 tap hopcat bar will be destination in East Lansing. Have any of you been to the one in GR?
Signature for rent
You're sure Harpers has lost money? Based on what? The fact that you don't like them?
Wow, talk about a terrible comparison. Have you heard of ebooks? Do you think maybe the explosion of those had anything to do with the downfall of a business that had been around for 10+ years? Once someone creates ebars we can revisit your comparison.
right. it won't be long before we're all drinking from our tablets.
In other towns and venues.
"I think the world is run by C students"
yeah people keep saying it'll lose money in the summer. Yeah right. I'm going to come back from FL this summer to see friends and family and the first thing I'm doing is going to Hop Cat in EL. And so will every other person who lives permanently in Okemos/Holt/EL, etc. and students/staff who stay. It'll be popular.
They're not stupid. I'm sure they've done plenty of cost/benefit analyses or whatever.
And parking in EL is not a problem. If you think it is then you need to get out of Mid MI for a while and see the world.
Don't confuse Nigel. I'm sure he thinks bookstores are thriving all over the country except in EL.
No he says "In fact, I'm sure..." so which is it? A fact or your opinion? hah
Spot on. EL seems dead in the summer but there are still usually around 15K students that stick around. I'm sure margins are slimmer in the summer but not to the extent that it will make or break a business.
Different market....college kids alone won't spend enough to support it. The place will have to draw from the young professional crowd and the question is whether that market is large enough in Lansing to support the place day in and day out? I hope the investors have done their demographics homework?
This post was edited by rob 13 months ago
Huh? There are shit loads of huge high-end sports bars in "other towns and venues" that have been wildly successful over the last 10-15 years.
And your post specifically talked about how these places "were packed during football season, and did great during the basketball tourney, but when summer came they all crashed and burned for lack of business."
So, what venues and other towns are you talking about?
This post was edited by Phil McCrackin 13 months ago
Mmmm, has anyone tried that new Sam Adams/Apple collaboration - iBeer? It is really good. You get some hoppiness on the 1's but then a good malty notes of bread and chocolate on the 0's. I will definitely try that again.
didn't realize Lansing had such a lame adult population.
heard Founders is coming out with a new IPa.
I edited that first post after someone told me that in the lingo for each of them has changed over the years. As of two years ago when I was in school, it was The Harrison Roadhouse, and then the Roadhouse Pub (or just Roadhouse).
You honestly think the investors haven't done their homework? Sure, GR is larger, but Mark Sellers also has 4 bars open in the same area in downtown GR because the market allows it. Go downtown on a Saturday night in GR and most of the patrons in those bars, including Hopcat, are in their 20's.
You're assuming that the owner is going to open a direct copy of his place in GR, I'm sure he realizes the market is different and has accounted for that.
Not to mention that despite a lot less people in the city during the summer, during the weekdays their traffic isn't bad, not as good as weekends during the school year or the summer, but all my summers in EL, there were a lot of people out for how many were in town because their class loads were so small, and wanting to go out and drink cause the weather was nice.
I know I'll be going to HopCat the next time I'm in EL.
Let's just say I know a little bit about it. ( including the owners). A have a pretty good idea what their fixed costs are and would bet sales don't always cover it.
For some reason the name Dooley's comes to mind???
At the end of the year, Harpers is likely turning a profit, correct?
You state "I'm sure Harpers has LOST a lot of money over the years." but I think you really mean "I'm sure Harpers has had months where they've lost money over the years, but as a whole they've managed to turn a profit".
It makes sense that any EL business will have some months that are slow (the summer, winter break, etc) and they may not be profitable those months, but I have a hard time believing that Harpers has stayed in business for 15 years or so if they are continually losing money.
Feel free to correct me if I'm wrong.
I'd be a bit surprised if the Rileys are sitting on a prime piece of real estate and throwing good money after bad year after year but who knows. I'll admit I have no clue what their P&L looks like.
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