two questions for business owners

[gusmahler]

At my old neighborhood I regularly went to the only dry cleaners in a 2-mile radius. All of a sudden, a new dry cleaners was going to be opening less than a quarter mile away.

I asked the owner one day if he was worried about the new cleaners.

He laughed, "No. I own that shop also."

It seems to me that he was eating into his own revenue, while basically doubling expenses. What am I missing?