Quote:
Originally Posted by CoachKandSportsguy
Study: 49% of small restaurant businesses couldn’t pay October rent | Nation's Restaurant News
And before you think that because the restaurants you go to are full, that doesn't mean that there is enough gross profit after the increases in COGS (cost of goods sold) and labor increases to pay ALL the rent.
So yes, its a tough industry right now, and there will be times when there is crappy meals and crappy service based on the price of the meal.
Will the landlord throw them out? doubtful, as 1/2 rent is better than no rent, and with 1/2 the restaurants in the same position. . . . but then again, there are greedy SOBs landlords out there.
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Greedy landlords who need the rent to pay their mortgage, taxes, insurance, maintenance?
They are in business - why should they subsidize the restaurant? Is a landlord supposed to take a hit for a business that isn't doing well whether it's a restaurant or any other business?
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
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