How do pizza shops afford expensive rent in NYC

[Anonymous]

Because they seem to charge cheap price for pizza and a lot of competition.

[Anonymous]

There are probably multiple answers. I'm money laundering is one option

[Anonymous]

There are a ton of people so lots of volume, even with the competition.

[Anonymous]

Crapton of volume. That’s really it.

[Anonymous]

lots of volume, and the rent may be lower than you think. most NYC pizza shops operate in tiny spaces.

[Anonymous]

Anonymous wrote:lots of volume, and the rent may be lower than you think. most NYC pizza shops operate in tiny spaces.

$700 per square foot is still expensive in Manhattan.
Is there rent control for some business?

[Anonymous]

Restaurants are often fronts for money laundering.

[Anonymous]

https://www.crainsnewyork.com/article/20171213/SMALLBIZ/171219962/how-dollar-pizza-joints-plan-to-survive-as-the-economy-continues-to-grow

[Anonymous]

Anonymous wrote:Restaurants are often fronts for money laundering.

Oh something FINALLY to explain the crappy food and the fact they operate with zero customers for years.

[Anonymous]

Like that truffle place next to Heschel that has no customers

[Anonymous]

Under report taxes, money laundering, wage theft, volume sales

[Anonymous]

Anonymous wrote:Under report taxes, money laundering, wage theft, volume sales

Yep!