I know I know..I need to get out of Hamra more often..but that’s a discussion for another day..
Anyway, back to my point..
It seems as if every time I’m walking home..or to the gym, grocery store, or one of Hamra’s many restaurants/pubs..I see yet another store/restaurant that has been closed down and emptied out, or is in the process of liquidation.
Seeing this once, twice, ten times made me think about:
- The average lifespan of a small business in Hamra (I’d say 6 months)
- Why business owners choose to sell identical merchandise (as if the market isn’t saturated enough), and
- Why they would even be so foolish as to set up shop in one of the most expensive (rental wise) areas of the country, especially when they aren’t selling products with high profit margins or fast moving consumer goods.
I don’t know..it’s just not adding up! Any theories? What do you think the average lifespan of a small business in Hamra is? And why?