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Re: What to blame for all the shut downs??

February 28, 2024 02:28PM
Owning a restaurant is a tuff business. 60% close in the first year and 80% close in the first five years. I have a close friend who is currently a supervisor for about a dozen BK's and he has been in the fast food business for close to 40 years. Staffing has always been a big issue but right now with a 4% unemployment rate (my state) it almost impossible to find help. I know over the years talking to business owners when the unemployment rate is around 8% they can find decent employees but at 4%, forget about it.

Also fast food restaurants are not the gold mine you might think they are. Again according to my friend the average owner nets about 50k a year with high volume locations netting over 100k.
SubjectAuthorViewsPosted

  Anyone losing their nearby Outback Steakhouse?

Ramgator90February 27, 2024 05:00PM

  Don't have one, but

sstrams34February 27, 2024 05:35PM

  Re: Anyone losing their nearby Outback Steakhouse?

SeattleRam45February 27, 2024 06:48PM

  What to blame for all the shut downs??

Ramgator38February 28, 2024 05:07AM

  Re: What to blame for all the shut downs??

SeattleRam27February 28, 2024 02:28PM

  Low quality for many years

LesBaker44February 28, 2024 03:44PM

  We went about 12 years ago and it was REALLY good. Gotta say...

Ramgator26February 29, 2024 04:26AM

  Thanks to my Brother, I am almost always forgiving when it comes to a bad night at a Restaurant.

Ramgator34February 29, 2024 04:33AM