Packer has been in the game for more than 40 years, and believes that stability is key. While running nightclubs (some that are worth up to $60 million) his partner, Rich Wolf, talks about working together to
BlackBook,
Mark Packer has 40 years in the industry, I have 30 years in the industry, our backgrounds are restaurants. You can have the hottest restaurant in New York City full of celebrities and models and tastemakers, but if you don’t deliver, they won’t come back. So when we sign leases, we look to sign 20 or longer-year leases, we don’t sign ten year leases. We’re not thinking about today; we’re always thinking about tomorrow. We simply believe that the bottom line is all about delivering an experience that is as consistent on day one as it is on day 20. The operations is the backbone of the business, and that’s how Mark and I both established ourselves and established our careers—we are operations guys. When we hooked up with Noah and Jason, they brought a whole new element to our partnership.
[Photo: Rich Wolf, Noah Tepperberg, Jason Strauss, Marc Packer]
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