Location, Location, Location !
Recently, Crain's Chicago Business published an article about Vienna Beef's Hot Dog University. Given the continued state of the commercial real estate industry many of our colleagues have had to "look" for new opportunities. Hot Dog U struck me as just about the most entrepreneurial idea I have seen in a long time. All of the skills a real estate professional has acquired are necessary to be successful in operating a hot dog stand: drive, personality, street smarts and the ability to calculate cap rates on the fly, or at least make change for a $20 bill ! But the most important skill to make a success of a hot dog stand is LOCATION, LOCATION, LOCATION !!! Watch the video below:
