The economics of diners in New York City

They are disappearing, though still with a cluster in Queens, here is one trouble they are having:

It costs as much as $4 million to open a new diner these days … compared to $500,000 for a higher-end restaurant, because diners require so much storage space for the inventory that their large menus require.

The full article, by Aaron Elstein, is here, it has numerous interesting bits.

Originally posted on Marginal Revolution – click to see comments and suggestions.

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