Franchises Are Booming

The Jerusalem Post:

Tzion Basheshet, owner of Coffee Time Bagels in Zion Square, keeps a watchful eye on the competition that moves into his territory, wary of the increasing number of big chains encroaching on his small business.

Every time a chain moves in, Basheshet says, it takes some business away from the others. ‘People don’t come to downtown Jerusalem cafes from across the country the same way they come to cafes in Tel Aviv,’ he says, suggesting that profits are limited and each establishment is competing for a share of the pie.

‘Every new place takes some percentage of the profits from the next one.’