ELI5: Explain Like I'm 5

Location, Location, Location

So, imagine you have a toy and you want to play with it. Now, if the toy is very far away from you, it might take a long time to get to it and you might get tired before you even start playing. But, if the toy is right next to you, you can easily reach and start playing with it.

This is kind of like location. If a building, like a store or a restaurant or even a house, is in a place that is hard to get to or far away from where people usually go, then it might not be very popular. But, if the building is in a place that is easy to get to and close to where lots of people go, then more people will want to go there.

That's why people say "location, location, location" is very important when they are talking about buying or selling a building. A good location means more people will want to go there, and that can be very helpful if you want your business to be successful.