Is it possible for Electric Works to recover at this point?
While not exclusively an Electric Works business, Chapman's was certainly hurt by the strain that the cost of doing business at Electric Works entailed.
I mean, we all know about the cost of operating there, and how that's been passed along to customers. The place is always seemingly empty. Anecdotally, the last time I saw it really popping off was during the home tour last year, and that's an outlier event.
What's really interesting is that, comparatively, within a literal 60 second drive of Electric Works, you have Mad Anthony's and The Fairfield. Both offer an aesthetically similar experience, similar food, somewhat similar prices, but both of those places are absolutely popping off during the weekend. Without knowing their finances, it's hard to say that they're both doing well, but from the outside it looks that way.
So, as yet another business closes its doors at Electric Works, do you think it can be turned around? Or have they just gained a set in stone reputation over the last four years of being too expensive when they're other similar options right next door?
ALSO: Why do we think that The Fairfield seemed to take off in the same area?