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It's only a matter of time until those locally owned coffee shops become popular, expand, over-expand, then get acquired.


Southpark had a great episode on this where they burn down the Walmart and then this happens https://www.youtube.com/watch?v=scTjHvot3Uo


Followed by regression towards the mean in quality, leading to under performance and giving way to a new crop of locally owned competition.


That is overly pessimistic. Plenty of businesses don't ever do what you suggest.




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