Quote:
Originally Posted by RougeUnderoos
The owner of the restaurant said that his sales have dropped 45%. That part of of the story is obviously the overhwelmingly driving force as to why it closed.
Why did his sales drop 45%? We all know why. It wasn't because of a bike lane, it wasn't because the dishwasher got bumped to $11.20, and it wasn't because his taxes went up.
Did those factors contribute? Maybe.
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I read the article in saying that it was a combination of all the contributing factors. In that sales would have dropped 40%, and the bike lane caused the drop to be 45%. He may have still been able to operate with the drop in sales, but with all the other costs going up, it was too much.
With my current household budget I could probably survive a 45% cut in income. However if other expenses were all to rise, that might push me past the point of being able to make it.