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>But they still have enormous rent costs This here is one of the most important things anyone who wants to open a restaurant needs to consider. With Restaurant
by hourislate 6y ago
>But they still have enormous rent costs
This here is one of the most important things anyone who wants to open a restaurant needs to consider. With Restaurants location is incredibly important and being in a great location carries significant costs.
Unless you own your space, you will have a difficult time making it a in the Restaurant business. you have to sell a lot of food to pay 5k-15k of rent every month leaving little in profit and savings.
The Restaurant business is brutal, even if your semi successful.
- acomjean 6y agoIts difficult. The times had an interesting article at the beginning of Covid about a restaurant closing. A closure ripples through the economy. Salaries/ suppliers and rent. Crazy high rents are going to be a casualty of this virus I suspect. https://www.nytimes.com/2020/04/23/magazine/closing-prune-restaurant-covid.html https://www.nytimes.com/2020/04/23/magazine/closing-prune-re... I though paying everyone unemployed $600 dollars in unemployment while not a perfect system, was pretty good as that money was going right back into the economy, keeping it from collapsing completely.