E.g. What happens when the local diner goes out of business? There's no Law of Diners that mandates someone else step up. Sure, a McDonald's or Wendy's might drop in. But that's not really the same thing. (Restaurants are the obvious example, but it could just as easily be a machinist or florist. Flavor analogy to desired niche industry)
Was there for 30+ years. Could make about anything you needed out of metal. Now, just isn't.
And moreover, the customers, having become cultured to dealing with the existing business, now have to radically alter their expectations when interacting with a more corporate entity. McMaster-Carr is great, but it's a darn sight different than bringing in a broken part, and having a duplicate made in about a week.
Yeah. Depends on the family. Kids these days... Maybe it's different in rural areas.
I think restaurants tend to have a certain layout that's especially good for another restaurant.
But then: near me, there was a Rite Aid that closed shop 3 or so years ago, and a brand new Grand Dynasty dim sum restaurant just opened up. God only knows how much they spent renovating that place, It must have been at least 2 years worth of work.
E.g. What happens when the local diner goes out of business? There's no Law of Diners that mandates someone else step up. Sure, a McDonald's or Wendy's might drop in. But that's not really the same thing. (Restaurants are the obvious example, but it could just as easily be a machinist or florist. Flavor analogy to desired niche industry)
As an example: Royall Machine, Lottsburg, VA https://www.google.com/maps/place/2461+Northumberland+Hwy,+L...
Was there for 30+ years. Could make about anything you needed out of metal. Now, just isn't.
And moreover, the customers, having become cultured to dealing with the existing business, now have to radically alter their expectations when interacting with a more corporate entity. McMaster-Carr is great, but it's a darn sight different than bringing in a broken part, and having a duplicate made in about a week.