Real estate

Question for interior Designers.

Sameep Sheth we build websites & mobile app, ex Microsoft & Goldman Sachs

January 31st, 2019

I am curious to hear your thoughts on remodeling restaurants / coffee shops to provide space to work from. I hate going to Same office everyday. Wouldn't it be nice if all the restaurants in my neighborhood were work friendly. I'd love to bounce some ideas with like minded people around how to experiment / execute it.

Paul Garcia marketing exec & business coach

February 6th, 2019

No, being attached to hospitality businesses for a couple decades, restaurants will hate this idea. Restaurants that act as workspaces fail. If they cannot turn-over tables quickly, they cannot make money. That cafe that lets people hang out all day is bleeding money, even if they think it's cool. If they don't have another element of their business bringing in lots of cash quickly, they will die (busy take-out counter like Starbucks, a healthy catering business, etc.). It's a business that runs on typical profit margins of around 6%.

They're not going to spend that 6% to renovate so they can make less money.

If you want to be in a different work environment, go to the library, go outside, go to a co-working space (which might have a cafe), but don't suck the life from a restaurant that struggles to make 6% profit because it seems cool or expect them to like you hanging out for more than 20-30 minutes.