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Firm_Love3598 t1_j4y2sbk wrote

They are closed in the off season. Real estate alone is worth $5-$6MM. Very few days in season when there isn’t a 30-40 minute wait for seating.

Last year when boat price for lobster was $4.50/lb a single 1 1/4 pound steamed lobster was near $50 at the restaurant. Approximately 1 pound of mussels ($2.50 cost) was selling for almost $20.

The business economics are quite different in Provincetown.

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