Talk of The Villages Florida - View Single Post - The Future of Restaurants
View Single Post
 
Old 05-17-2020, 07:59 AM
Michael Charles
Guest
Posts: n/a
Default

Quote:
Originally Posted by twoplanekid View Post
It's going to take some time for any restaurant to show a profit while operating with virus constraints on seating and additional virus related increase costs to comply with new health rules. And, there is increased insurance costs.

Profits were not huge before this virus thing.

The Truth Behind Profits in the Restaurant Business | Nav

The Complete Guide to Restaurant Profit Margins | Lightspeed HQ
Thank you for posting those links to stories. I owned a 84 seat family owned Greek/Italian restaurant for many years. It is indeed a very difficult business to operate for certain. Profit margins were steadily decreasing and staffing issues were becoming more challenging. However It was a very rewarding career serving my customers and being a part of their lives.

Going into the restaurant business was risky before covid-19 with no guarantees of success or profits. All business ventures are a risk. I wish the local independent restaurant owners all the best going forward.