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Shake Shack: Danny Meyer
How I Built This with Guy Raz
Shak Shak Is a Whole New Business Model
There's about seventy per cent of the cost taken out. If you just take out all those costs, but then you continue to give the same level of quality ingredients, you start to have a pretty interesting value proposition. And what we found is that it was not as fast as fast food, but it was a lot faster than a full service restaurant. So if you're willing to put up with a little less of the niceties, we can deliver a hundred per cent....
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