Waikato Times

Deliveries reshape real estate

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and chairs to eat in-house. ‘‘Ghost restaurant­s allow operators to run a viable business with a minimal footprint,’’ Beasleigh said.

Some operators could also decide they no longer needed prime real estate to capture business, he said.

First Retail Group managing director Chris Wilkinson said food-delivery businesses had transforme­d consumer behaviour and expectatio­ns.

‘‘Food operators, particular­ly quick-service restaurant­s and takeaways, [now] need to have a delivery solution, either provided by a third-party service or managed by themselves,’’ he said.

‘‘Restaurant­s are using the likes of Uber Eats as a way to stay on the radar in their marketplac­e.

‘‘For most, it’s about profile, especially given the margins homedelive­ry operators charge, which does challenge profitabil­ity for many restaurant­s whose operationa­l costs are already high.’’

Food delivery businesses were unlikely to change the property requiremen­ts of restaurant­s at the upper end of the market, Wilkinson said.

‘‘Quality restaurant­s can rest easy, as Uber Eats is unlikely to change the needs and expectatio­ns of their customer base. Their property needs will likely remain unchanged. For them, high-profile locations still have the power to create awareness and stimulate walk-in custom.’’

Beasleigh said the opportunit­y to capture food delivery sales should be at the forefront of restaurate­urs’ property requiremen­ts.

‘‘Operators could risk losing out on a growing revenue stream if the location of their business is not within 30 minutes’ drive of their target market, or in areas not covered by delivery services such as Uber Eats. This could lead to a clustering of food and beverage businesses in high-custom locations that offer easy access to motorways and major arterial routes.’’

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