The problem as I see it not just what you say, that maybe fashions change. Brezelkönig come in from Switzerland and we all start snacking on pretzels, but also I just think Greggs are saturated. There are 9 in Swindon, 2 in Cirencester. You get them where people are doing "chores". Going to work, everyday shopping, visiting a hospital, making a delivery. No-one is going out to Bourton-on-the-Water and wanting a Greggs. They want a charming Cotswold tea rooms. It's hard to find anywhere on a map you could put one without cannibalising other Greggs.
So, I'm out. But if Huffkins ever goes public with a plan for massive expansion of tea rooms (they have 9 already), I'll be buying some.
The problem as I see it not just what you say, that maybe fashions change. Brezelkönig come in from Switzerland and we all start snacking on pretzels, but also I just think Greggs are saturated. There are 9 in Swindon, 2 in Cirencester. You get them where people are doing "chores". Going to work, everyday shopping, visiting a hospital, making a delivery. No-one is going out to Bourton-on-the-Water and wanting a Greggs. They want a charming Cotswold tea rooms. It's hard to find anywhere on a map you could put one without cannibalising other Greggs.
So, I'm out. But if Huffkins ever goes public with a plan for massive expansion of tea rooms (they have 9 already), I'll be buying some.