Quote:
Originally Posted by EdFNJ
That place has changed hands more times than I can count. Running a SMB today is always a loss despite whether it is good or not. People open businesses not having a clue as to the expenses involved but only by thinking "I can make the best guac" not realizing they are stuck in a 5 or 10 year lease they must personally sign for even though they are a corp. That's why chains with multiple locations have a better (but not great) chance because the losses can be spread among them. Good luck to this guy but isn't he the 3rd Mexican rest to take over that space after Crispers left.? Everyonme has a dream to own their own SMB.....then they wake up to reality (I write this from 25+ years of personal experience) back when things were good). Today the insurance costs alone can kill you.
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Sad that people will sink their entire life savings into opening a restaurant with no idea of the economics involved.