Quickly growing restaurant chain with a 15% implied return
Great Deep dive, don’t underestimate the power of small advantages adding up, very few are willing to copy everything, instead they pick and choose.
If you haven’t already, check out Kent Taylor’s book Made from scratch, it’s a great read.
Thanks! I'm actually still reading Taylor's book and I agree it's great.
Perhaps the company has some type of moat like quarries? Do they have some competition in the same place (street), for example?
What do you mean exactly?
If they got some location competitive advantage?
I'm not sure, though I would say no. The company focuses on suburban areas where there might be less competition, but I wouldn't call it a competitive advantage.
Great Deep dive, don’t underestimate the power of small advantages adding up, very few are willing to copy everything, instead they pick and choose.
If you haven’t already, check out Kent Taylor’s book Made from scratch, it’s a great read.
Thanks! I'm actually still reading Taylor's book and I agree it's great.
Perhaps the company has some type of moat like quarries? Do they have some competition in the same place (street), for example?
What do you mean exactly?
If they got some location competitive advantage?
I'm not sure, though I would say no. The company focuses on suburban areas where there might be less competition, but I wouldn't call it a competitive advantage.