Subj : Re: for the love of it
To   : AUGUST ABOLINS
From : NANCY BACKUS
Date : Tue Dec 03 2019 17:15:00

-=> Quoting August Abolins to Joe Mackey on 11-30-19  04:33 <=-
 AA> In a post between "JOE MACKEY : NANCY BACKUS", on 11/29/2019 5:52 AM
 
 JM>> Restaurants usually operate on a shoe string, unless some
 JM>> big chain. When I was in the produce business I saw many,
 JM>> many places come and go. And it didn't matter if some small
 JM>> hole-in-the-wall or some fancy place. Running a restaurant
 JM>> is for the love of it, not to make a lot of money.
 AA> I've seen several "for the love of it" restaurants only operate for a
 AA> few short years and then be "forced" to close.  It primarily had to do
 AA> with whether the operator owned the building or not.  If not, then
 AA> increasing rents made it difficult to operate on a living-wage profit
 AA> and still have enough to cover operating expenses.  If they owned the
 AA> building or space, then more of the earnings could be retained for
 AA> growth of the biz. 

The other major factor is wages.... even with rent to consider, one can
make a good go of it as long as one keeps it all in the family, and
doesn't have to pay wages.... and carefully keeps waste to a minimum...
we've seen that work well... :)  And, if one is paying wages, things
will probably stay stable for years as long as one owns the building
outright... ;)

ttyl        neb

.... If you wake up Sleepy & Grumpy, you must be Snow White.

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