They are too close together. Theory that customer base will be different won't pan out ... the operative word is "theory." Look it up ... Theory: "an idea that is suggested or presented as possibly true."
there are 500 dounkin donut franchises in nyc there are about three hundred starbucks Billy Joel will be playing once a month at MSG until fans stop buying tickets. We have two baseball,basketbal' and soon hockey teams but we can't support two strip clubs in an area that has a half a million tourists walking around between them. woof woof laughing puppy
NYC has a significant population density that most US cities do not have. NYC has drug stores on every street corner, and they are all packed. Most cities have districts of one bar next to the other, and those locations tend to bring in more people just because there are lots of choices. So even without population density.....clustering like industries in a small area does work. Just think of a mall.......how many clothing stores does one need in one building, yet retailers pay up for these prime locations all the time. Some malls......a company might lease multiple locations even!