Since I lived in upper Manhattan for several years, I found this story particularly interesting:
Groceries on the Upper East Side and Upper West Side of Manhattan are expensive. How expensive? One guy with a truck has started a business delivering cheaper groceries. One catch, he doesn’t own a grocery store. He will go to Costco, where items cost a fraction of their Manhattan prices — and split the savings with you.
This is a classic example of the entrepreneur seizing an arbitrage opportunity that in hindsight seems entirely obvious, but which most people fail to see or seize.
via Shopping: Man Goes Into Business Delivering Costco To Overpriced NYC Neighborhoods.
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