Neil Freiman
👤 SpeakerAppearances Over Time
Podcast Appearances
It's got to have a lot of real estate so you can fit a lot of people in there.
You have to have customers spending a decent amount of money.
Their average check size has to be high and it has to be busy.
So it has to be packed properly.
From the time it opens till the time it closed, Din Tai Fung checks all three of those boxes.
Its check averages are about $45 per person, which is interesting because the individual dishes rarely go above $20.
You just kind of order a lot of them because there's so much good stuff.
You have to have this type of soup dumpling, this type of wonton, this type of salad.
And so all of these things are conspiring to create this astronomical number where each restaurant brings in $27.
million, which is kind of insane to think about.
They're also very strategically paced.
A lot of them are on the West Coast, which has a larger Asian-American population.
And they're in Disneyland in California and then in New York City, where there's been a huge heralded opening over the past year was in Times Square.
When you're talking about foot traffic, there is no other.
What we can put some respect on Chick-fil-A's name though, because when you're looking just at American fast food chains, Chick-fil-A does do the most sales, average sales per location, 7.5 million.
It's not 24, but it is
7.5, and then you get Raising Cane's, In-N-Out Burger, Whataburger, and then McDonald's, Chipotle, Cava Zaxby's are all way down the list if you like those places.
Finally, this was a number that seemed to scratch an itch.
For the first time ever, mosquitoes were found on Iceland, which was one of the only places in the world they had not been discovered before.
The other is Antarctica.