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Cash only restaurants are often 10-20 percent cheaper than comparable restaurants.
by j7ake 3y ago
Cash only restaurants are often 10-20 percent cheaper than comparable restaurants.
- jusssi 3y agoThat would be because at least some of the cash bypasses the cash register and the tax report. Edit: alternatively they might not have same profitability requirement as other restaurants, because a cash-only restaurant is perfect front for money laundering.
- ghaff 3y agoAnd they're probably just not comparable restaurants on average.
- SoftTalker 3y agoMy barber only takes cash. $18 for a standard haircut.
- progbits 3y agoThat's not because of card fees but because of taxes. They can underreport their cash income, but can't do that if the bank and card processor are involved.
- thebruce87m 3y agoHad some fun with the thought of a “Standard Haircut”: https://chat.openai.com/share/cd2948ce-2285-4491-b58f-877abb04e994 https://chat.openai.com/share/cd2948ce-2285-4491-b58f-877abb...