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I'm with the restaurant owners. I need you drunks to buy Your alcohol so i can go out to eat. Places I used to go are gone.Toronto, Canada and Global Breaking News – CP24
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He said it is unfair, given that his business and others have not fully recovered from the COVID-19 pandemic.
A typical meal/ entree now cost $50. Then there is the select 25% tip option.
Sorry actually not sorry restauranteurs have not recouped their lost 500 per cent profits you were able to make while paying your staff poverty wages.
Most restaurants operate on a razor thin budget…. And 500% profits is a fucking dream. 10% is more like it.Toronto, Canada and Global Breaking News – CP24
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He said it is unfair, given that his business and others have not fully recovered from the COVID-19 pandemic.
A typical meal/ entree now cost $50. Then there is the select 25% tip option.
Sorry actually not sorry restauranteurs have not recouped their lost 500 per cent profits you were able to make while paying your staff poverty wages.
…. Yeah, that happens.What my friend told me he's uncle was starting a restaurant I held my tongue. It was a stupid move. it says that in every business textbook on the matter. But they do it with stats not an outright statement. McDonald's exceeds because it's a real estate business not a restaurant. food business fail rate in the 1st 3 years more than any other industry. McDonald's exceeds because it's a real estate business not a restaurant business.Most restaurants operate on a razor thin budget…. And 500% profits is a fucking dream. 10% is more like it.
(Yes, some chains do better… and maybe if you’re a celebrity chef…. But there are no celebrity chefs in my town)
Truth is, if you decided to open a restaurant today, you would likely need to lease the place… and have the Capitol to build inside to your specs. Commercial property owners usually make you put up your house as collateral in case you crash and burn.
There used to be a popular Italian restaurant in the falls here, the Casa D’oro, near Clifton hill. After about a 40 or 50 year run, the building deteriorated, and owners let it go. I looked into leasing it with a partner. $20G a month was the rent they wanted.The building was a complete gut down to the studs. (It’s a paid parking lot now)
It’s the landlords making the real money, not the restaurant.
Then…. Odds are someone in you staff is a thief. They see nothing wrong with bringing home a few chicken breast, steaks, or blocks of cheese with them. Cooks constantly eating on the line. Plus, your inventory expires.
A hair salon can keep hair gel and paste on the shelf for years. A restaurant has meat and veggies expire in days. You are counting on the staff to understand that, and get it right every time….
I will never again go back to that industry… in that capacity anyways.
www.bluemaumau.org
Most restaurants operate on a razor thin budget…. And 500% profits is a fucking dream. 10% is more like it.
(Yes, some chains do better… and maybe if you’re a celebrity chef…. But there are no celebrity chefs in my town)
Truth is, if you decided to open a restaurant today, you would likely need to lease the place… and have the Capitol to build inside to your specs. Commercial property owners usually make you put up your house as collateral in case you crash and burn.
There used to be a popular Italian restaurant in the falls here, the Casa D’oro, near Clifton hill. After about a 40 or 50 year run, the building deteriorated, and owners let it go. I looked into leasing it with a partner. $20G a month was the rent they wanted.The building was a complete gut down to the studs. (It’s a paid parking lot now)
It’s the landlords making the real money, not the restaurant.
Then…. Odds are someone in you staff is a thief. They see nothing wrong with bringing home a few chicken breast, steaks, or blocks of cheese with them. Cooks constantly eating on the line. Plus, your inventory expires.
A hair salon can keep hair gel and paste on the shelf for years. A restaurant has meat and veggies expire in days. You are counting on the staff to understand that, and get it right every time….
I will never again go back to that industry… in that capacity anyways.
www.merriam-webster.com
You said restaurants were making 500% profit and you're claiming he is the one being hyperbolic?Definition of HYPERBOLE
extravagant exaggeration (such as 'mile-high ice-cream cones')… See the full definition
If your margin is only 10% the you won’t last a month.
from online 3 - 5% Is the average restaurant margin. Of course most of those will be out of business in 3 years. more correctly have new management. McDonald's doesn't care if the owner makes money. They made their money when you started renting From them. bars make 10 to 15% On average. It's possible 1 bar makes 500% And many others make 1% It is an average.
Wow, sounds like we should all open restaurants, 500% your unsupported statistics say?Toronto, Canada and Global Breaking News – CP24
Most recent News News business news stories and video from CP24
He said it is unfair, given that his business and others have not fully recovered from the COVID-19 pandemic.
A typical meal/ entree now cost $50. Then there is the select 25% tip option.
Sorry actually not sorry restauranteurs have not recouped their lost 500 per cent profits you were able to make while paying your staff poverty wages.
