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My Fit Foods announces closure of all stores nationwide

danarhea

danarhea

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obviously, a bad business model
 
In a related development - My Fat Foods announced it is opening 3,000 more stores nationwide.

Additional - mass heart attacks were reported when hundreds of fat people - who love My Fat Foods - jumped for joy at the news of the stores new locations.
 
DA60 said:
In a related development - My Fat Foods announced it is opening 3,000 more stores nationwide.

Additional - mass heart attacks were reported when hundreds of fat people - who love My Fat Foods - jumped for joy at the news of the stores new locations.
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excellent business model
food stamp recipients is its target audience
 
justabubba said:
if it was a good business model, it would not need to shut its doors
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Well it likely was a good business model, until the grocery chains got in on the good idea.
The flaw was they had no way to protect their good idea. Others came along who could offer the same service
for lower costs. They should have known, Grocery stores operate on thin margins, and any potential profit
left out there will be quickly exploited. It just took a business like my fit foods to show the idea had real potential,
before the bigger players were willing to take a risk.
 
longview said:
Well it likely was a good business model, until the grocery chains got in on the good idea.
The flaw was they had no way to protect their good idea. Others came along who could offer the same service
for lower costs. They should have known, Grocery stores operate on thin margins, and any potential profit
left out there will be quickly exploited. It just took a business like my fit foods to show the idea had real potential,
before the bigger players were willing to take a risk.
Click to expand...

agreed. it appeared to be a viable business model until it was not
many business owners launch a venture, establish a niche, and then get hammered when a stronger entity goes after that narrow market
my (former) employer had a requirement for the field offices to identify successful businesses as media 'success stories'. for some, it garnered exposure they could not otherwise afford to buy. for astute others, they begged off of the idea, not wanting to make their lucrative niche an identifiable target
 
longview said:
I am not so sure, I suspect they had a good idea, but no way to contain the idea.
HEB (a Texas Chain) has come out with their Meal simple meals,
https://www.heb.com/Meal-Simple?N=2038192891&No=0&prodFilter=none
I think Kroger and Randalls have similar things also.
The smaller chain cannot compete with the scale savings the big grocery chains can bring to bear.
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Actually, HEB now has their simple meals at Joe V's, which is a new concept. You bag your own groceries, you get your own cart from the parking lot, and there are no stockers there. Everything is brought in on pallets and set down in the appropriate locations. They also do not accept credit cards. You either pay cash or use a debit card.

These stores are way cheaper than anything else. At regular HEB stores, I typically spend 120 a week on groceries. At Joe V's, I get the same stuff for about 80 bucks.
 
justabubba said:
agreed. it appeared to be a viable business model until it was not
many business owners launch a venture, establish a niche, and then get hammered when a stronger entity goes after that narrow market
my (former) employer had a requirement for the field offices to identify successful businesses as media 'success stories'. for some, it garnered exposure they could not otherwise afford to buy. for astute others, they begged off of the idea, not wanting to make their lucrative niche an identifiable target
Click to expand...

Kevin O'Leary, one of the Shark Tank investors, agrees with you completely: "If you ARE successful, a giant will step in and crush you like the cockroach you are." He's called Mr. Wonderful for a Reason...:lol:
 
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