At least three local businesses -- Cosmic Cantina, Performance Bicycle Inc. and Adam & Eve -- have discovered new niches outside of their Chapel Hill or Carrboro homes in the past five years.
Cosmos Lyle, creator and owner of Cosmic Cantina, decided to expand his operation to New York City during the summer of 2001.
Despite the fact that the economy was in the early throes of a recession, Lyle decided to launch the business on the national scale after running two thriving stores in Durham and Chapel Hill. "I really like New York," Lyle said. "I thought I might as well have a financial reason for being here."
The New York restaurant, located at 101 Third Ave. in Manhattan, caters to its new patrons with later nighttime hours, a more varied selection and higher prices than its Chapel Hill and Durham counterparts typically offer.
"The prices are a little higher, and there are a few more specials, like the Big Apple Salad," Lyle said. "We also stay open until 5 a.m. because the bars don't close until 4 a.m."
Creating new branches is a challenging and sometimes risky decision for small businesses because of regional differences between states, Lyle said.
But Lyle said he is confident the business move will be successful because his consumer base continues to grow.
He said he relies heavily on the feeling of a universal collegiate atmosphere to ensure Cosmic Cantina's success. "It's kind of a test to see if a concept can be carried to different locations," Lyle said. "You only begin to know the market once you open."
Lyle said he is planning other forays into unknown territories in the future, with potential restaurant locations at the University of Miami or the University of Virginia.