Michael Loje wrote:Well guys, I would say that Ivory Keys, World of Beer, B2B and Cirino's place all had one thing in common; the most expensive rent in town. A newly built or renovated building such as INA/Bailey comes with high asking rents. But that, so far, seems not to have hurt Brown Sugar Thai. So go figure. And I just remembered the bar b q place that Brown Sugar replaced. They were there, I believe, a couple of months.
Mike
Do you know what the rent is? I have heard two completely different numbers pn what Ivory Keys was paying, what was agreed to, and what was expected.
As for the BBQ place, they were in waaaaaaay over their heads. AS reported here at the time 1) He got into the business because his friends told him he had great BBQ. Friends rarely say FREE BBQ in a backyard with beer is bad. Two they were assured by the City Administration, "You will be able to make good money JUST off the students at University of Akron." Of course we now realize that was very much an illusion to make the City, the Administration and driving forces in "DowntowN" seem successful. As was "5Guys headquarters" which should be remembered was not a headquarters, not a regional office, and was not brought here by anyone connected with the people that said they brought them here. Another illusion.
Michael Loje wrote:One case I always remember of a restaurant that nobody went to, that should have failed early, was Barnacle Bills. Story was that nobody ever went there. But there they were, paying rent, paying their suppliers and paying their employees for the better part of 20 years. Something tells me they did OK. One thing you gotta remember, bills are relentless. Suppliers, landlords and employees all want to get payed. If you can't pay your bills, you go out of business. I've really only seen a couple of places close in Lakewood over the last few years.
Mike Barnacle Bills made a fortune every weekend. People would come in for "As Many Crab Legs As You Can Eat!" which was always about two buckets, which is what was also on the menu for $1.50 less. They is the legend of one of Lakewood's most successful footballers eating 8 buckets, but that is legend. While it was empty most nights, from my office you could see them streaming in on Friday and the Weekends. They are still open in Mentor. Also their brick place in the flats was destroyed by fire one night.
Michael Loje wrote:Getting back to my original question; who lasted longer, Ivory Keys or Titanic?
Mike, they closed for different reasons neither having to do with Food, Service, or Quantity. Both lasted different lengths of times for reasons as different as night and day. Titanic is an extremely specialized set of circumstances. Ivory Keys, seems to be down to many reasons the biggest is a misunderstanding, and a complete misread on number of restaurants, concepts, and believing the hype about Lakewood, instead of the facts.
While you say the City does not market the City as a place for restaurants, I would argue they do. They City does through their various means, the Chamber does through their various means, Other Lakewood groups do through various means, and the Observer does through the paper and here on line. People think Lakewood is a food destination, and the City of Lakewood DESPERATE to create Lakewood as a destination, instead of a great place to live and raise a family work it overtime. Look at Councilman O'Nalley's response. Look at the ribbon cuttings and the hype associated with 5 Guys, B2B, Melt, Mahall's, Quaker Steak and Lube.
After the failure of the West End Strip Mall, they turned to "DowntowN" and a desperate need to turn Lakewood into a destination. Hell look at the latest farce by the same people "One Lakewood" no not City Hall where it was created years ago when Mayor Ed FitzGerald sold them the website name. But the new "One-Lakewood Multi-Use Strip Mall" which ex-Mayor Ed FitzGerald is part of. Hmmmmmmmmmmmmmmmmmmmm Which features unique City financed things we do not have currently like, our 7th coffee shop! Our 6th ice cream place, our 4th Pet Store and our 8th dry cleaner! Now wonder City Administration sees it as a great future success story.

One can only heop they have room for our 35th-40th yoga studios.
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