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re: Chipotle in Houma is closing. Houma sucks
Posted on 7/24/18 at 2:21 pm to jmarto1
Posted on 7/24/18 at 2:21 pm to jmarto1
quote:
Zea's
Love Zea's
Even if they did a small restaurant like the one on the Westbank.
quote:
jmarto1
What do you think is driving these high leases? Because its on MLK? The price of the property the builder paid? If companies keep failing and having to close because of the high overhead does the market adjust itself? 5 years ago Houma was booming but now its hurting.
1
Posted on 7/24/18 at 5:10 pm to Placebeaux
The high leases are due to location. St. Charles is a nicer area but you will not get the traffic you get on MLK. The ownership of our particular are has changed three times and is up for sale since we opened in 2010. Right now is the time to jump into the Houma area. We opened during a boom and paid off our opening costs pretty quick. When the downturn came we were able to manage it and still put money in the bank.
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