The Future of Restaurants

Closed Thread
Thread Tools
  #1  
Old 05-16-2020, 04:49 PM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 14,253
Thanks: 2,344
Thanked 13,717 Times in 5,245 Posts
Default The Future of Restaurants

Apparently, some restaurant experts think that about 25 percent of the restaurants in the country will close permanently. I think that may also be true in The Villages. In my opinion, the ones that will survive will be upscale restaurants and franchise chain restaurants, especially fast food places. The low priced, independent ones are less likely to remain. Personally, I will not miss any restaurant that goes away. The restaurant offerings will only get better when the Coronavirus crisis is over. I am interested in what others think.
  #2  
Old 05-16-2020, 06:20 PM
P A Paul P A Paul is offline
Member
Join Date: May 2017
Posts: 55
Thanks: 2
Thanked 38 Times in 21 Posts
Default

Where there’s a need, there also shall a solution be. Free enterprise will fill a void where capitalism sees a profit.
There aren’t as many buggy whip factories as once upon a time, but there are electric car charging stations where none used to be. Restaurants have been trendy for decades.
  #3  
Old 05-16-2020, 06:56 PM
davem4616 davem4616 is offline
Sage
Join Date: Apr 2017
Posts: 2,656
Thanks: 539
Thanked 4,152 Times in 1,326 Posts
Default

I heard the 25% thing too

restaurants on average have a life of 7 years, if they are really good

the chains have deeper pockets than the small business owner...it's gonna be what it's gonna be
  #4  
Old 05-16-2020, 07:24 PM
OrangeBlossomBaby OrangeBlossomBaby is offline
Sage
Join Date: Feb 2015
Posts: 8,534
Thanks: 6,873
Thanked 9,513 Times in 3,106 Posts
Default

I sense that most of the restaurants in the Villages have been struggling, but will come out fine in the end. Why do I think that? Because most of them didn't close down entirely and those that did, did so for only a short period of time. The rest offered curbside service, delivery, and take-out. They didn't do as brisk a business as they normally would, and that's where the struggle part comes in. But they did much better than the restaurants that didn't offer any of that and simply closed "until no more restrictions."

Now that they can do limited seating, PLUS the curbside PLUS delivery, which most of them never did until recently, I'm guessing they're well on their way back to prosperity.
  #5  
Old 05-16-2020, 07:56 PM
tophcfa's Avatar
tophcfa tophcfa is offline
Sage
Join Date: Feb 2015
Location: Wherever I happen to be.
Posts: 6,092
Thanks: 2,869
Thanked 9,078 Times in 2,745 Posts
Default

Bleak, and sad, but reality : (
  #6  
Old 05-16-2020, 08:33 PM
twoplanekid's Avatar
twoplanekid twoplanekid is offline
Platinum member
Join Date: Oct 2014
Location: born Urbana,Il lived in Urbana Ohio for 65 years a house in Lake Deaton
Posts: 1,981
Thanks: 6
Thanked 690 Times in 282 Posts
Default

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
  #7  
Old 05-16-2020, 09:19 PM
Chi-Town's Avatar
Chi-Town Chi-Town is offline
Sage
Join Date: Dec 2009
Posts: 7,496
Thanks: 188
Thanked 1,480 Times in 713 Posts
Default

Restaurants are beginning to charge a fee to cover the additional expense. It will be interesting to see if that trend makes it to The Villages.
  #8  
Old 05-16-2020, 09:23 PM
Stu from NYC Stu from NYC is offline
Sage
Join Date: Feb 2020
Posts: 12,580
Thanks: 1,165
Thanked 14,047 Times in 5,336 Posts
Default

Interesting to see how this shakes out
  #9  
Old 05-16-2020, 10:07 PM
DDVeteran DDVeteran is offline
Member
Join Date: May 2020
Posts: 69
Thanks: 3
Thanked 95 Times in 33 Posts
Default

😲 😲 😲

Last edited by DDVeteran; 05-17-2020 at 04:53 PM.
  #10  
Old 05-16-2020, 10:11 PM
billethkid's Avatar
billethkid billethkid is offline
Sage
Join Date: Jul 2007
Posts: 18,466
Thanks: 0
Thanked 4,751 Times in 1,386 Posts
Default

There will have to be price increases in all the businesses many have been clamoring to get back to normal.

The business owners now have to provide a sanitary environment to protect us all and their employees.

They will not be in a position to just absorb those new costs of doing business. They will have to raise prices.....restaurants, barbershops, salons, spas and all the other small businesses we depend on.

So we should all just suck it up and be prepared for those increases.
Yes there will be a number of residents that will complain to hell and back about the price increases. The rest of us will pay to retain what has been part of our norm and keep us safe doing so.
  #11  
Old 05-17-2020, 04:58 AM
roscoguy's Avatar
roscoguy roscoguy is offline
Senior Member
Join Date: Aug 2018
Posts: 284
Thanks: 278
Thanked 316 Times in 114 Posts
Default

Quote:
Originally Posted by retiredguy123 View Post
Apparently, some restaurant experts think that about 25 percent of the restaurants in the country will close permanently. I think that may also be true in The Villages. In my opinion, the ones that will survive will be upscale restaurants and franchise chain restaurants, especially fast food places. The low priced, independent ones are less likely to remain. Personally, I will not miss any restaurant that goes away. The restaurant offerings will only get better when the Coronavirus crisis is over. I am interested in what others think.
Kind of a 'let them eat cake' attitude, eh? Personally, I will only miss those "low priced, independent ones" and feel very bad for the former owners & staff. As far as the offerings getting better, if that means more upscale and expensive, you may well be right. Too bad for those of us that can't justify dropping a Benjamin for a meal out.
  #12  
Old 05-17-2020, 05:56 AM
Stu from NYC Stu from NYC is offline
Sage
Join Date: Feb 2020
Posts: 12,580
Thanks: 1,165
Thanked 14,047 Times in 5,336 Posts
Default

Be interesting to see how this shakes out.

We prefer the independent restaurants that we find offer better food typically at a lower cost..

For example neighborhood Italian as opposed to the Olive Gardens or Pizza Huts of the world.

Suspect we will lose some of each category but when things improve new restaurants will spring up.
  #13  
Old 05-17-2020, 06:30 AM
GaryKoca GaryKoca is offline
Senior Member
Join Date: Jan 2014
Location: Chicago area but spend a month every year in The Villages
Posts: 177
Thanks: 0
Thanked 155 Times in 81 Posts
Default

I think buffet restaurants like Sweet Tomatoes, Golden Corral, and Chinese buffets may be a think of the past. A number of people have said they won't go to those type of places any more. Sweet Tomatoes already announced they are closing.
  #14  
Old 05-17-2020, 06:54 AM
SacDQ SacDQ is offline
Senior Member
Join Date: May 2019
Location: The Villages of Hillsborough
Posts: 133
Thanks: 5
Thanked 123 Times in 48 Posts
Default

The latest bail out from congress has. $15 /hour federal benefits for laid off workers . Why go back for less money than you’ll get for staying home . This will also help kill the smaller Resturant’s.
  #15  
Old 05-17-2020, 07:00 AM
La lamy's Avatar
La lamy La lamy is offline
Platinum member
Join Date: Mar 2020
Posts: 1,786
Thanks: 433
Thanked 2,139 Times in 882 Posts
Default

Quote:
Originally Posted by GaryKoca View Post
I think buffet restaurants like Sweet Tomatoes, Golden Corral, and Chinese buffets may be a think of the past. A number of people have said they won't go to those type of places any more. Sweet Tomatoes already announced they are closing.
When I hear people say things will never be the same I have to wonder. Remember SARS? It was really scary for a little while then we DID go back to normal. As they say, time heals all things.
Closed Thread

Tags
restaurants, restaurant, remain, personally, miss


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 10:04 PM.