With retail concepts like malls and plazas showing sharp decline in sales due to the shift in online shopping; more and more developers are looking to revamp and refocus their concepts and objectives when building and redeveloping these venues. What’s the biggest change their bringing to our malls, plazas, casinos and even airports?
Developers and investors are now realizing that a restaurant inside a mall or airport is no longer just a place for people to rest and refuel, but a place to include in their outing as an experience. Shoppers demand more for their patronage and time now, as they should, when can they easily acquire the same products from the comfort of their homes with today’s technology. We’ve seen the retail industry adapt and adjust to consumers’ needs, now we are starting to see the very same from the restaurant industry.
So that’s exactly what VCs, Benzion Aboud and Joe Randazza, are planning to provide Miami, Florida and eventually the rest of the U.S., and experience. Aboud and Randazza have secured over $21mil and are investing in the brand new concept, Sliderz. Sliderz is a small one-unit restaurant concept that will be introduced to mall developers, casinos and airports in the coming weeks and they show no sign of slowing down.
Aboud feels that this business model and the unconventional approach has real scalability, with a projections of opening one store a month over the next five years. Being able to approach one retail chain or developer can allow an opportunity to sign as many as 40 leases, which equals to some serious growth and roll out projections.
This makes the fast casual and up and coming restaurant concepts, like Sliderz, the hottest investments for savvy venture capitalists and investors. Just look at the Shake Shack concept, whose initial investors have profited millions of millions of dollars on this stand alone burger ideal. Shifts like this within the restaurant industry are great for everyone alike, job-seekers, contractors, investors and the economy as a whole.