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by hemloc_io
1866 days ago
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I've always wondered how local/regional chains, In-n-Out/Dicks, tend to be as cheap as national ones while usually having better food and paying much better than national chains. Usually they are also in higher COL areas as well so I'd assume they pay more in Tax/Rent etc. |
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Rents might be high in Southern California, but the bulk of their rapid expansion was in the 70s and 80s when land was still reasonably cheap and they may actually own many of their own buildings.