Pawnbrokers could spread like Starbucks

cocktail

recycling. surely thats a good thing.

Pobby

I never have been in one. What is it? Three and a half quid for a coffee?

PasturesNew

Zagu wrote: »

"Update: 162 is the new high (from the top of Regent’s street in London)."

That's within a 5 mile radius. I would provide a link, but there are a few expletives.

I didn't understand this, to be honest.

PasturesNew

Cleaver wrote: »

I might be wrong on this (fc123 will certainly know) but I think they are all Stabucks owned and I'm a bit sure (but only a bit) that part of their business plan is to always purchase, where possible, the building that they are in. So they own, or have mortgages on, a hell of a lot of property.

I might be completely wrong though, like most of the internet.

M&S do that: own the property they are in. That's why where I used to live didn't have one, because they could only lease and could never find a building to buy.

PasturesNew

Pobby wrote: »

I never have been in one. What is it? Three and a half quid for a coffee?

No idea, but if it's £3.50 and a worker has one every working day, then that's nearly £1200 of their pre-tax salary gone... anybody who gives up drinking their one coffee per day at Starbucks will instantly get about £70/month extra in their pocket!

And I bet a Starbucks coffee leads to other temptations.

Cleaver

PasturesNew wrote: »

I didn't understand this, to be honest.

It means that within a 5-mile radius of a certain point near Regent Street there are 162 Starbucks stores.

That's a lot of Mochalottalatttechoco Extra-Hazlenut Easy Foam Dash of Cinnamon Grande Chinocappa Frappe Mocha Hold The Caffine Coffees being served in one small area.

Cleaver

Pobby wrote: »

I never have been in one. What is it? Three and a half quid for a coffee?

For a fancy one, yeah. Around £1.50 to £2.00 I think for just a standard 'Americano' (Americano is w*nker-speak for a 'regular coffee' for those not in the know).

A few in my old office were a bit obsessed with Starbucks and as we had one right underneath us, they frequented quite often. Seemed quite strange to me as we had free tea and coffee available anyway, but each to their own.

tomterm8

Cleaver wrote: »

This is just another though boom isn't it? They grow 250 stores based on a real surge in people actually selling and buying second hand stuff as they don't feel as wealthy. But just like the Starbucks trend, when the economy changes in a few years, they'll have 250 stores that won't be needed, surely?

Does it matter? They're making hay while the sun shines. When the economy gets better they'll just close the shops. I would assume the shops are all leased on reasonably short leases. In the mean time, they are making money hand over fist.

Cleaver

tomterm8 wrote: »

Does it matter? They're making hay while the sun shines. When the economy gets better they'll just close the shops. I would assume the shops are all leased on reasonably short leases. In the mean time, they are making money hand over fist.

Does it matter if a business plan isn't sustainable? I would say that it does matter, yes. Good point though - they'll make money for a few years.

tomterm8

Cleaver wrote: »

Does it matter if a business plan isn't sustainable? I would say that it does matter, yes. Good point though - they'll make money for a few years.

No, it doesn't. If you make a good return in the mean time, it really doesn't matter if you know a business will die later on, as long as you make sure that you honour all commitments.

In this case, while the economy is bad they make money, and when the economy recovers they are sitting on valuable leases which they will sell and make money on. Their employees work through the downturn, and will then find it easy to get another job in the next boom.