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The Fear of Franchising
I feel like most of the expansion that we've done or that we did early on was entirely based in fear. I read that by 2003 Alamo was making much more money from food than ticket sales. That might have happened even before, which makes sense because that's really where you especially drinks, right? You're paying a majority of the ticket on first run movies to the studio. And on food, you're paying what rounds to 25% of just food costs, right? So you have a much better profit margin.