No audience. Biden team basically said an audience would be a deal breaker.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
In the restaurant business, the company I work for owns many of the properties our restaurants sit on, but we do lease a lot of properties as well. The properties we own are under separate LLC's than the restaurant itself. the restaurant actually leases from the separate LLC the property sits on. That way if the restaurant underperforms and we close it, we still have the property to lease to whoever wants to take over the building.Your ignorance is vast. They are buying EXISTING buildings that they are already in as tenants.... They are flipping the script to become landlords in a very depressed commercial real estate market. They are not BUILDING those. READ. On the 75% they do not own you can certainly ask them the stupid question above..."Why the hell....." They would, like me, laugh in your face. Stay in your lane.
You really need to talk to an accountant assuming you can understand much of anything. You do not read well or comprehend. From your link:
Publix is on its own shopping spree
Publix continues to load up on real estate. The state’s dominant grocer now owns 25.9 percent of its stores, up from 22.9 percent at the end of 2014 and from just 10.7 percent a decade ago, according to an annual report released this week.
Simple math...it does NOT own 75% of the stores. I would assume that a smart company like Publix is acquiring the real estate in a separate company. Also Publix causes foot traffic in a center. It is a smart strategy in their case to AS IT STATES IN THE LINK acquire the ENTIRE center. They then become the landlord for all the other tenants who want to cluster near the Publix. They charge higher rents. For a real estate developer, that is what happens when you land a national account like Publix. You can land better adjoining tenants who pay more /sqft.
Why do companies/ Publix lease? Because in 10 years when they want to put a Super-Publix with whatever new business venture they want to get into, they can leave that cite and move down the street to the hot part of town into the upgraded facility. Plus tax reasons. Depreciation is like 39years. You cannot deduct the cost of the building like you apparently think they do. If they build/own a new store for say...$15,000,000 they can only deduct depreciation. Less than $400K per year for 39 years. If they lease they deduct the rent monthly. Accounting is way over your head. There are hundreds of variables and tax ramifications in the decision for them to acquire real estate but I like their apparent strategy of buying the entire center, not just their store. They no doubt have a separate LLC that holds the property. Not sure how an ESOP works with that strategy.
There's no reason for Trump to debate Biden.
Biden will be tweaking harder than Skinny Pete and Badger on whatever cocktail they inject in him.
Yep. The 17-story Hayburn Bldg in downtown Lou is under contract for ~$7.5 mil. The 5/3rd Bldg sold for about 8 or 9mil. Unbelievable bargain basement prices. The tallest building in Ft. Worth...I am currently trying to sell commercial property I own. I can't speak to Publix, but I've learned enough to know you know what you are talking about. I had a long talk with my realtor yesterday (she is the top one in my area). We went into some of what you mention. With the fb economy, interest rates and some things more specific to my area, the commercial property market is crap.
The reason is Trump's ego. Not hard.There's no reason for Trump to debate Biden.
So you are standing by the assertion that Publix rents all their properties and expends nothing on land/buildings when opening new stores as well??? Please read this and get back to me. 🤣🤣I was just answering your question.
The rest of your post is hilariously nonsensical. You are stringing words together you think sound good, but in reality are nonsensical to anyone with a base level understanding of financial statements.
So you are standing by the assertion that Publix rents all their properties and expends nothing on land/buildings when opening new stores as well??? Please read this and get back to me. 🤣🤣
"The company’s ownership of its stores jumped from 11.2% in 2007 to 31.8% at the end of 2017." I'm sure it's higher now.
Why rent when you can own???
Facts as always.....
Publix's approach to real estate provides cost-saving advantages
The chain is buying up stores and shopping centers where its grocery locations are anchored — a move that generates tax breaks and offers more control over co-tenants and competition.www.grocerydive.com
Publix Buys Key West Shopping Center for $75M
Publix Super Markets is turning owner-operator at a shopping center in Key West, Fla.commercialobserver.com
Now that Publix has bought land for Roanoke County store, traffic plan is a key
A survey shows customers applaud Publix for its food, cleanliness and staff, but some struggle with its prices.roanoke.com
/2 another calculation that Publix is making is the fact that RMR that comes from good commercial real estate adds value to the company, and the stock holders. The valuation (Multiple of earnings) for a business that has a predictable cashflow from leases improves like a tech company that has RMR from "subscriptions."I am currently trying to sell commercial property I own. I can't speak to Publix, but I've learned enough to know you know what you are talking about. I had a long talk with my realtor yesterday (she is the top one in my area). We went into some of what you mention. With the fb economy, interest rates and some things more specific to my area, the commercial property market is crap.
Put down the shovel. Can you read! They are buying existing centers that they LEASED in when they made the decision to enter the property. They did not pay to build them as you seem not to comprehend.So you are standing by the assertion that Publix rents all their properties and expends nothing on land/buildings when opening new stores as well??? Please read this and get back to me. 🤣🤣
"The company’s ownership of its stores jumped from 11.2% in 2007 to 31.8% at the end of 2017." I'm sure it's higher now.
Why rent when you can own???
Facts as always.....
Publix's approach to real estate provides cost-saving advantages
The chain is buying up stores and shopping centers where its grocery locations are anchored — a move that generates tax breaks and offers more control over co-tenants and competition.www.grocerydive.com
Publix Buys Key West Shopping Center for $75M
Publix Super Markets is turning owner-operator at a shopping center in Key West, Fla.commercialobserver.com
Now that Publix has bought land for Roanoke County store, traffic plan is a key
A survey shows customers applaud Publix for its food, cleanliness and staff, but some struggle with its prices.roanoke.com
/2 You as usual post articles behind a paywall. You poach headlines. The one from Key West in the opening sentence before the pay wall kicks in....says that Publix is the ANCHOR TENANT. You know what a tenant is do you? So they are now buying THE ENTIRE CENTER. This is not about the Publix store itself. Its about acquiring an entire center with many tenants. THAT is totally different than what you believe. Oh its expensive to build a building so Publix is going to lose its ass on a new facility. THAT is your ignorance. You simply are showing that they are purchasing commercial real estate to leverage their being a tenant in that facility. Do you think they are now going to be "rent free" in that facility? Hell no. That is not how things work.So you are standing by the assertion that Publix rents all their properties and expends nothing on land/buildings when opening new stores as well??? Please read this and get back to me. 🤣🤣
"The company’s ownership of its stores jumped from 11.2% in 2007 to 31.8% at the end of 2017." I'm sure it's higher now.
Why rent when you can own???
Facts as always.....
Publix's approach to real estate provides cost-saving advantages
The chain is buying up stores and shopping centers where its grocery locations are anchored — a move that generates tax breaks and offers more control over co-tenants and competition.www.grocerydive.com
Publix Buys Key West Shopping Center for $75M
Publix Super Markets is turning owner-operator at a shopping center in Key West, Fla.commercialobserver.com
Now that Publix has bought land for Roanoke County store, traffic plan is a key
A survey shows customers applaud Publix for its food, cleanliness and staff, but some struggle with its prices.roanoke.com
You are either being purposefully ignorant.... Can't read....or both. Which is it? You are embarrassing yourself dude.Put down the shovel. Can you read! They are buying existing centers that they LEASED in when they made the decision to enter the property. They did not pay to build them as you seem not to comprehend.
Why rent when you can own??? Facts as always....they did and do. Please stop.
My little brother has worked nearly 25 years for Publix, 7 years at corporate in Lakeland. They are very methodical in nearly all their actions. Helluva great company to work for.Your ignorance is vast. They are buying EXISTING buildings that they are already in as tenants.... They are flipping the script to become landlords in a very depressed commercial real estate market. They are not BUILDING those. READ. On the 75% they do not own you can certainly ask them the stupid question above..."Why the hell....." They would, like me, laugh in your face. Stay in your lane.
You really need to talk to an accountant assuming you can understand much of anything. You do not read well or comprehend. From your link:
Publix is on its own shopping spree
Publix continues to load up on real estate. The state’s dominant grocer now owns 25.9 percent of its stores, up from 22.9 percent at the end of 2014 and from just 10.7 percent a decade ago, according to an annual report released this week.
Simple math...it does NOT own 75% of the stores. I would assume that a smart company like Publix is acquiring the real estate in a separate company. Also Publix causes foot traffic in a center. It is a smart strategy in their case to AS IT STATES IN THE LINK acquire the ENTIRE center. They then become the landlord for all the other tenants who want to cluster near the Publix. They charge higher rents. For a real estate developer, that is what happens when you land a national account like Publix. You can land better adjoining tenants who pay more /sqft.
Why do companies/ Publix lease? Because in 10 years when they want to put a Super-Publix with whatever new business venture they want to get into, they can leave that site and move down the street to the hot part of town into the upgraded facility. Plus tax reasons. Depreciation is like 39years. You cannot deduct the cost of the building like you apparently think they do. If they build/own a new store for say...$15,000,000 they can only deduct depreciation. Less than $400K per year for 39 years. If they lease they deduct the rent monthly. Accounting is way over your head. There are hundreds of variables and tax ramifications in the decision for them to acquire real estate but I like their apparent strategy of buying the entire center, not just their store. They no doubt have a separate LLC that holds the property. Not sure how an ESOP works with that strategy.
Again, you missed the entire conversation prior to putting in your 2 cents. My point initially was that it was VERY expensive to open a new grocery store because of the extremely high cost of purchasing property, acquiring permits, hookups for water/gas/sewer, construction, and labor costs to build a new facility./2 You as usual post articles behind a paywall. You poach headlines. The one from Key West in the opening sentence before the pay wall kicks in....says that Publix is the ANCHOR TENANT. You know what a tenant is do you? So they are now buying THE ENTIRE CENTER. This is not about the Publix store itself. Its about acquiring an entire center with many tenants. THAT is totally different than what you believe. Oh its expensive to build a building so Publix is going to lose its ass on a new facility. THAT is your ignorance. You simply are showing that they are purchasing commercial real estate to leverage their being a tenant in that facility. Do you think they are now going to be "rent free" in that facility? Hell no. That is not how things work.
I refer to them as Chick fil A JRMy little brother has worked nearly 25 years for Publix, 7 years at corporate in Lakeland. They are very methodical in nearly all their actions. Helluva great company to work for.
That was my point exactly....that Publix is spending lots of capital buying up land, building on it and moving away from renting their properties. They want to be landlord AND tenant.In the restaurant business, the company I work for owns many of the properties our restaurants sit on, but we do lease a lot of properties as well. The properties we own are under separate LLC's than the restaurant itself. the restaurant actually leases from the separate LLC the property sits on. That way if the restaurant underperforms and we close it, we still have the property to lease to whoever wants to take over the building.
We once sold a whole market of restaurants to another franchisee, but kept the land they sit on. So we are still making money as the landlord to those operators.
You are too dumb to continue this conversation. Until you can explain why they did not do this from when they began in 1930 until now you are not worth talking to. You are ignorant of accounting. You have now idea HOW they structure their company.Again, you missed the entire conversation prior to putting in your 2 cents. My point initially was that it was VERY expensive to open a new grocery store because of the extremely high cost of purchasing property, acquiring permits, hookups for water/gas/sewer, construction, and labor costs to build a new facility.
Lecter said.... NAH....that is no problem because they all just rent. I called BS on that but now you have hitched onto that BS and are riding it like a fly on sh** too.
Try reading for a change. I know info is tough to decifer for you all unless it comes in a meme or Twatter format.
"A zoning plan shows Publix will be built on an UNDEVELOPED plot of land at the southwest corner of Triple Crown Boulevard and Richwood Road."
Publix is coming to northern Kentucky: What it means for booming grocery industry
Families in Triple Crown — an upscale living community in Richwood in Boone County — will have a new neighbor in the not-too-distant future named Publix.www.wlwt.com
Publix Buys LAND in Louisville, Plans to Develop Market’s Third Grocery Store
"An affiliate of the Florida-based Publix Super Markets chain bought about 9 acres of VACANT LAND on and near Brambleton Avenue Nov. 29 and confirmed Wednesday it will build a store there."
Now that Publix has bought land for Roanoke County store, traffic plan is a key
A survey shows customers applaud Publix for its food, cleanliness and staff, but some struggle with its prices.roanoke.com
Publix Supermarkets Inc. has purchased a VACANT industrial land on Jacksonville’s Westside
Publix Buys Industrial Land at 10319 General Avenue | GlobeSt
JACKSONVILLE, FL-Publix Supermarkets Inc. has purchased a vacant industrial land on Jacksonville's Westside, beside its current distribution center.www.globest.com
VACANT land in northeastern Doral sold to Publix Super Markets last week for $4.77 million.
Publix Purchases Doral Land for Development of New Location
Vacant land in northeastern Doral sold to Publix Super Markets last week for $4.77 million.www.linkedin.com
That was my point exactly....that Publix is spending lots of capital buying up land, building on it and moving away from renting their properties. They want to be landlord AND tenant.
Lecter absolutely refuses to believe that for some bizarre reason. Weird hill to fight for. 🤔
Yep. This is how its done. "We own" but through a separate LLC. We are in the construction business. Bonding companies look at our financials. The BS is clean because we rent. The mortgage and building is a liability on the LLC's financials. Essentially "we" rent from ourselves and pass through to the property LLC. "I" own both but they are different. Tax reasons and creditors are in a different position with the primary business. The building is something as you noted, can be rented out to another business if "I" want to move to a different location.In the restaurant business, the company I work for owns many of the properties our restaurants sit on, but we do lease a lot of properties as well. The properties we own are under separate LLC's than the restaurant itself. the restaurant actually leases from the separate LLC the property sits on. That way if the restaurant underperforms and we close it, we still have the property to lease to whoever wants to take over the building.
We once sold a whole market of restaurants to another franchisee, but kept the land they sit on. So we are still making money as the landlord to those operators.
Not sure where you're located. I just looked at the one by me and it's $1.29 for any size. If I were to guess, it's likely up to the franchisee.*checks McDonald’s app for price of a large coke at the nearest location*
$2.69
Probably even higher in various locations/states.
In a weird way I am feeling sorry for him. He just doesnt understand what he is reading and is doubling down on things he doesnt understand.The Democrats in this thread are amazingly stupid... which also translates into "hilariously funny".
Please, Dems... continue to show your stupidity... its hilarious!
Side note: wouldn't any normal person be embarrassed by this?
Only way to conduct a fair Presidential debate is to take the media affiliate out of it. Broadcast it on all major networks. Each candidate gets to choose a moderator of their own. So how many ever candidates that are on stage, that's how many moderators are there. Each Moderator gets to ask each candidate an equal number of questions.LMAO, only wants CNN, MSNBC, CBS, maybe one other there, NO FOX. No audience, and they want to be able to shut mic off (when he starts mumbling) and they pick the moderator (to lob easy questions to mushy).. Trumps crew won't let that happen.
Why would Trump even agree to this? It's ludicrous and a blatant set-up.There's no reason for Trump to debate Biden.
Biden will be tweaking harder than Skinny Pete and Badger on whatever cocktail they inject in him.
yesWhy would Trump even agree to this? It's ludicrous and a blatant set-up.
In a weird way I am feeling sorry for him. He just doesnt understand what he is reading and is doubling down on things he doesnt understand.
So if the cost of everything they purchase is higher....and they are just passing those higher costs on to the consumer....then it should reflect typical profit margins, not record profits unless they are just screwing the consumers because they can. That's not inflation.... that's corporate greed.
And your rationale about opening new stores is asinine and shows how ignorant you are about businesses and profit margins.
Opening a new store is a black hole of initial costs. Land acquisition, zoning, permits, EPA, building costs, labor costs, electrical/gas/sewer hookups, route logistics, etc are mind bogglingly expensive. Those new stores don't turn a profit for quite a while after initial opening.
Btw...profits are monies made ABOVE monies spent. Showing record profits like I cited is doing exactly that regardless of inflation. These companies are making more than ever.
You. Are. Clueless.
You said that Publix has no initial startup costs to open a new grocery store. You said it pays nothing on construction or land because they only rent. I called BS.The properties we own are under separate LLC's than the restaurant itself. the restaurant actually leases from the separate LLC the property sits on.
That is NOT your point. You said that Publix is the one placing the new construction on the BS of the new store. He just told you that a SEPARATE LLC owns the bldg and leases back. Exactly what I said. You still do not understand what you are being told.
My initial point was 100 percent correct. Start up costs for a newly constructed Publix grocery store are very high. The company has to absorb those costs and that will be reflected in the bottom line regardless of how you play with the books.This was sambowieshin’s original attempt at a point.
Obviously he has no understanding how accounting works. Probably never heard the term GAAP.
What I find amusing, is those out of pocket costs are true expenses in a lot of cases. And in some cases, you get the tax deduction for those actual out of pocket expenses quicker than the book deduction.
So sambowieshin will sit here trying to make the point that it’s very expensive to start a business (blind squirrel moment), but has no idea most of those costs are capitalized under GAAP, which is the exact reason those big evil corporations “pay no income tax” when you look at the tax rules that allow for the accelerated deductions to closure match cash outlays.
Hopefully he views this as a learning opportunity.
We all know these debates will be carefully crafted to protect Biden and demonize Trump as much as possible. Trump is a deal maker. Why is he bending so easily on Biden's demands and not make him go on Fox once to get the other controlled debates?
My initial point was 100 percent correct. Start up costs for a newly constructed Publix grocery store are very high. The company has to absorb those costs and that will be reflected in the bottom line regardless of how you play with the books.
You failed to mention Lecter's assertion that grocery businesses spend no money on land, construction, permits and/or labor costs because they only rent their facility and don't own the buildings/properties.
I have cited multiple sources showing that is absolutely incorrect.
Publix has a business model of moving away from being the tenant towards being landlord AND making tenants of other adjacent businesses.
They don't just rent their grocery space, they own it.
But keep backing up that wrong assertion if it makes you feel smarter.
Depends on how rapidly they are moving towards that end. You see it all the time.If you’re initial point was simply start up costs for a grocery store can be high, then you’re correct.
But you said there’s a black hole of costs that ensure the sites won’t be turning a profit for a long time leading one to think your point is the costs are immediately deductible against gross profit so it takes a while for stores to turn a profit. And that’s just not how accounting works.
Bless your heart. This started because you tossed out increased revenues and all the other headlines that you could find in a google search. I simply noted FACTS, that Publix is adding locations so their topline revenue would increase. FACT.You said that Publix has no initial startup costs to open a new grocery store. You said it pays nothing on construction or land because they only rent. I called BS.
I have cited multiple sources that refute what you say but you still maintain your fantasy.
You can spin how a company diversifies itself for tax purposes/liability all you want, but at the end of the day Publix is absolutely buying up land, building ITS own grocery stores and leasing to attached tenants on ITS property that Publix OWNS.....not leases from an outside company NOT connected with Publix.
Publix is the owner and tenant.....NOT just the tenant as you continue to falsely believe.