Lieberman: Sushi by Boo expands rent-free in hotels via 20% rev-shares
Alex Lieberman · The Co-Founder Of A $75M+ Company Gave Me His BEST Business Ideas · Feb 14, 2024 · at 16:44
Morning Brew co-founder Alex Lieberman explains the business model of omakase chain Sushi by Boo to illustrate unconventional operational revenue-sharing partnerships.
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“Every sushi by boo is in a hotel and they go to a hotel and they say, Hey hotel, let's say your lobby is 3000 square feet. See the, see those 250 square feet in the corner of your lobby that right now has a chair and maybe a chess table. Let us build a sushi bar right there. And what we're going to do is you're not going to charge us rent on it because you'd be doing nothing with that space as it is. We're going to open the sushi bar. We're going to market because we already have locations all over the country and we're going to do a rev share. You're going to keep 20% of all revenue that we generate for the sushi bar. We keep 80%.”
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