Are you mistaking restaurants for hedge funds? Franchises never have much margin to begin with -- they're mostly real estate vehicles. It's why a Chipotle will

Are you mistaking restaurants for hedge funds? Franchises never have much margin to begin with -- they're mostly real estate vehicles. It's why a Chipotle will operate at 20% staff like it's a normal thing. A local restaurant might actually be profit seeking enough to have optimized a return on the food/drink service -- but that's usually reflected in the servers wages already.