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re: Why would anyone in their right mind go into the Restaurant Biz?
Posted on 11/12/14 at 5:04 pm to yellowfin
Posted on 11/12/14 at 5:04 pm to yellowfin
quote:it's absolutely not killing it, especially since he worked about 70 hrs a week. But that is the good part of a franchise I suppose. They give you a lot of support to mitigate the risk.
Posted by yellowfin that's not exactly killing it when you consider the risks of owning a business
0
Posted on 11/12/14 at 5:05 pm to yellowfin
70k isn't killing it regardless
Posted on 11/12/14 at 5:05 pm to yellowfin
Local Pizza Hut owner has around 200 locations that span several states.
Margins keep getting lower, thanks to pricing pressure from all the competition. Can only make money on volume.
Margins keep getting lower, thanks to pricing pressure from all the competition. Can only make money on volume.
Posted on 11/12/14 at 5:07 pm to Tiger Ryno
well walk ons is killing it and they make terrible food. so id say it has nothing to do with the food
Posted on 11/12/14 at 5:08 pm to G Vice
quote:
Local Pizza Hut owner has around 200 locations that span several states.
Is this the same owner that had payroll tax issues with current and former employees several years ago?
Posted on 11/12/14 at 5:13 pm to Will Cover
I'm not familiar with that story.
Posted on 11/12/14 at 5:18 pm to Tiger Ryno
Free alcohol
Posted on 11/12/14 at 5:20 pm to Tiger Ryno
It really is insane to try and make a living in the restaurant industry
Posted on 11/12/14 at 5:23 pm to Tiger Ryno
It definitely depends on the kind of restaurant as well.
Running a simple BBQ place would take minimal labor expense (and you don't really have to worry about service) compared to a upscale kind of place.
shite, I could run a BBQ shack with one or two other people. The money might not be great, but it's not terribly difficult. Not like I need to hire a sous chef or anything.
Running a simple BBQ place would take minimal labor expense (and you don't really have to worry about service) compared to a upscale kind of place.
shite, I could run a BBQ shack with one or two other people. The money might not be great, but it's not terribly difficult. Not like I need to hire a sous chef or anything.
Posted on 11/12/14 at 5:34 pm to HempHead
True. But those guys don't kill it. In the south there are so many of those places aroind.
Posted on 11/12/14 at 5:36 pm to Tiger Ryno
I have good friends in my hometown who probably pull 90-100k a piece from their business, but they are working ~70-80 hours a week. They get drunk and stoned at work, though, so it ain't all bad. Low stress except for 2 hours out of the day.
Posted on 11/12/14 at 5:38 pm to jbgleason
quote:
Besides, making delicious food is a small part of the equation.
See: Raising Cane's
Posted on 11/12/14 at 5:39 pm to Tiger Ryno
I'm currently in the restaurant business, and I can tell you that you get more tips if you wear the rollerblades
Posted on 11/12/14 at 5:39 pm to HempHead
quote:on this weeks episode of Bar Rescue...
I have good friends in my hometown who probably pull 90-100k a piece from their business, but they are working ~70-80 hours a week. They get drunk and stoned at work, though, so it ain't all bad. Low stress except for 2 hours out of the day.
Posted on 11/12/14 at 5:41 pm to alajones
Posted on 11/12/14 at 5:42 pm to alajones
quote:
on this weeks episode of Bar Rescue...
They get so much business because they are the only BBQ place in town that serves beer. The others have been around for 40+ years, and by all means are damn tasty, but they're run by old fricks who voted against the town going wet.
Posted on 11/12/14 at 5:43 pm to Tiger Ryno
most people who do it, do it because they get a lot of joy from seeing people enjoy the food they created.
Posted on 11/12/14 at 5:45 pm to Tiger Ryno
I actually agree with Ryno on something. I have isds(wrote a pos system for Sr project) and finance degrees and 20 years in restaurant and service industry and I wouldn't do it unless a sure thing.
Posted on 11/12/14 at 5:45 pm to Tiger Ryno
First of all, anybody with a deep passion for food and a great business mind who wants to open a restaurant-go for it.
With that said-here is the reality. A HUGE PERCENTAGE OF PEOPLE WHO OPEN RESTAURANTS ARE DOOMED FROM THE MOMENT THEY MAKE THE DECISION. They have never failed before and are so sure that their great work ethic will result a successful restaurant. That's not the case. Not even close. A lot of hotshots fail in the restaurant business. It should be left to those who truly have a "calling". It's not for the casual "investor", the bored housewife or the guy who lacks better sense about where to put his money. Yet, every year, tens of thousands rush out to lose their nut over some shitty restaurant that in retrospect never had a shot in hell.
I say all this from experience.
With that said-here is the reality. A HUGE PERCENTAGE OF PEOPLE WHO OPEN RESTAURANTS ARE DOOMED FROM THE MOMENT THEY MAKE THE DECISION. They have never failed before and are so sure that their great work ethic will result a successful restaurant. That's not the case. Not even close. A lot of hotshots fail in the restaurant business. It should be left to those who truly have a "calling". It's not for the casual "investor", the bored housewife or the guy who lacks better sense about where to put his money. Yet, every year, tens of thousands rush out to lose their nut over some shitty restaurant that in retrospect never had a shot in hell.
I say all this from experience.
Posted on 11/12/14 at 5:52 pm to Tiger Ryno
quote:
the failure rate is incredible..I've seen people sink their life savings into starting a restaurant because it seemed cool and then lose it all….plus even the successful ones have to work so many damn hours they end up divorced.
Substitute "restaurant" with
"Marriage".
This post was edited on 11/12/14 at 5:53 pm
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