You might be surprised. Lets say you have to haul in $1K/day to pay labor and rent and just minimally keep open. Sounds like a miserable way to earn a kilobuck, but if you get $5/customer and there's 365 days per year you need:
1000 / 5 * 365 = 74 thousand customer visits per year. So roughly 350K citizens / about 10 shops = 35 thousand customers per shop. That means every citizen needs to visit a mere twice per year. My guess is its more like 1 in 20 are hardcore carb/sugar addicts who visit every week and pig out.
Now a kilobuck a day isn't going to earn you a private island retirement. That's for a hole in the wall in a cruddy area not a giant palace right off the interstate and barely keeping in business and paying the bills. But it is theoretically survivable.
WRT the fad itself disappearing, most small businesses collapse and are replaced by other small businesses so in the long run they'll all eventually disappear, to be replaced with the next new fad at about the same financial and survival stats.
Its been interesting watching financial changes in my town since the housing bubble popped, before the pop the purpose of a small business was to separate a sucker from his home equity loan money, so the landlords didn't care about infrastructure or parking, etc, but suddenly now that the amateurs are gone from the market, once again CRE actually needs to appeal to be rented, parking is not an option anymore, etc.
Now a kilobuck a day isn't going to earn you a private island retirement. That's for a hole in the wall in a cruddy area not a giant palace right off the interstate and barely keeping in business and paying the bills. But it is theoretically survivable.
WRT the fad itself disappearing, most small businesses collapse and are replaced by other small businesses so in the long run they'll all eventually disappear, to be replaced with the next new fad at about the same financial and survival stats.
Its been interesting watching financial changes in my town since the housing bubble popped, before the pop the purpose of a small business was to separate a sucker from his home equity loan money, so the landlords didn't care about infrastructure or parking, etc, but suddenly now that the amateurs are gone from the market, once again CRE actually needs to appeal to be rented, parking is not an option anymore, etc.