Quote:
Originally Posted by FlamesAddiction
Yeah, that's dumb.
There is some truth to the fact that restaurant profit margins are terribly small, if the establishment is profitable at all these days. Recent data suggests that 51% of restaurants lose money. Paying the employees more would kill much of the industry. It's already getting too expensive for average people.
Having said that, maybe the industry should die. Obviously the current restaurant model doesn't work well in 2023.
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Is this really true though? Or do they only lose money after the majority of the cash is tucked away in the safe? Is this just like saying carwashes have small profit margins or other cash intensive businesses?