Formula Retail ban on Big Pine Key
There has been plenty of recent discussion about something called a Formula Retail Ban. It may help to define what this means.
Generally Formula Retail refers to Retail business (a business that sells a product retail) that conforms to a Formula as to the name, logo, building design and products sold. Most are Franchises but others such as Publix or Walgreens are company owned. Other big name examples are Burger King, 7-11, Office Max or Home Depot.
This type of ban generally does not include business that provide a service such as H & R Block tax service, Holiday Inn hotels, Century 21 Real Estate, U-Haul Rentals or Service Master carpet cleaning.
This type of ban has kept Walgreens from moving into Islamorada even though they tried to get around it by claiming more than half their revenue is from prescriptions which should have their business considered providing a service.
If a Formula Retail ban is enacted in Big Pine Key it would allow a corporate owned formula business like Bank of America but it would ban a local Big Pine Key couple from opening a Dairy Queen.
You can see all the franchise business types that are and will continue to be allowed to be in Big Pine Key with the ban as it is being discussed. Hotels, Banks, Real Estate, Lawn Service, Accounting and Rental Units.
It is possible to enact a ban that is very specific such as only restaurants or banning only corporate owned business. You can read how such bans are handled in other areas here Formula Business Restrictions.
Let's hear your thoughts on this subject.
Generally Formula Retail refers to Retail business (a business that sells a product retail) that conforms to a Formula as to the name, logo, building design and products sold. Most are Franchises but others such as Publix or Walgreens are company owned. Other big name examples are Burger King, 7-11, Office Max or Home Depot.
This type of ban generally does not include business that provide a service such as H & R Block tax service, Holiday Inn hotels, Century 21 Real Estate, U-Haul Rentals or Service Master carpet cleaning.
This type of ban has kept Walgreens from moving into Islamorada even though they tried to get around it by claiming more than half their revenue is from prescriptions which should have their business considered providing a service.
If a Formula Retail ban is enacted in Big Pine Key it would allow a corporate owned formula business like Bank of America but it would ban a local Big Pine Key couple from opening a Dairy Queen.
You can see all the franchise business types that are and will continue to be allowed to be in Big Pine Key with the ban as it is being discussed. Hotels, Banks, Real Estate, Lawn Service, Accounting and Rental Units.
It is possible to enact a ban that is very specific such as only restaurants or banning only corporate owned business. You can read how such bans are handled in other areas here Formula Business Restrictions.
Let's hear your thoughts on this subject.
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