Think Oil Refineries.
My dad's had his station at the same corner for 41 years (had a different one before that). It was a mechanic shop too, as he is and always will remain the best mechanic in Spokane. He still has people call him and bring their cars by for him to look at. When he was 62 years old, Chevron informed him they were getting out of the service station business and moving to Convenience stores only. He owned the business, but Chevron owned the property. So at that age, he borrowed over a 1.5 million dollars from a small, local bank and rebuilt.
Slowly but surely, him and my mom were paying the loan off when Fred Meyer put gas in down the road from him. Of course it's cheaper, nevermind it's sh!ttier gas. They ruined his business. Last year he pumped only 980,000 (+-) gallons, where as they used to pump over 2 million. Talk about a hit. That's over 50% less, all due to thinking like the above post. So much for "local economy". "Supporting the little guy". Blah blah blah.
Their accountant passed away about 5 years ago due to cancer. The young gentleman who took over, about 45, (lol, my parents called him young) said after the first year, that it was "the worst business to try to make a profit in" he'd ever seen. He actually lowered his rate for my dad.