8817 replies to this topic

[Matt R.]

Ha!  It's easily half as good.

 

We have four people at the 10 year mark, a whole bunch more at 8 and 5 then a few newbs as well, always with the newbs.  Usually takes a year to hook the new ones.

[Redd42]

The business is 10 years old or you have owned it for 10 years? Didn't you buy it from someone else?

[Matt R.]

Our business is 10 years old. It’s been a restaurant for something like 60 years.

[Barrrister]

Congratulations Matt, ten years in your industry is a real accomplishment.

[Matt R.]

It really is! It gets better and better. Freedom 75 is in reach!

[Barrrister]

I assume you are talking about 2075

[Darren14]

according to Reddit. Good Earth at uptown is closing on Nov 20th 

[Matt R.]

Nice little shout out from Joe around the 27 minute mark. #yamfries #stew #joe

https://www.spreaker...5pVU2F9YNIgY3YE
 

[Nparker]

27:52 if you want to zero right in. 

[Barrrister]

I wonder if coffee shops and restaurants are the first thing to cut back on as food spirals upwards and interest rates follow.

[Matt R.]

I'll let you know. 

[Dr.Doinglittle]

Don't see this mentioned yet - Aegean Cafe at Blanshard and Fort is closed and papered up.

Edited by Dr.Doinglittle, 22 November 2022 - 10:09 AM.

[gstc84]

Don't see this mentioned yet - Aegean Cafe at Blanshard and Fort is closed and papered up.

 

There's been a "sold" sign in the window for a few weeks, so hopefully something new opens up soon.

 

Speaking of new, Yukatsu Uburger opened within the past few days just down the block in the old Pink Bicycle space. Looking forward to giving it a try soon.

[Belleprincess]

I think we are going to see a lot of business closures in the next 6-12 months. The pandemic was hard on most businesses and while last year was a banner year, this year has been tough. With inflation, people have less disposable income. I estimate our sales for this year will be down 25-30% - that’s insanity. For most businesses, it’ll be a hit too hard to take.

[Mike K.]

Oh wow, Belle.

What business realm are you in?

[dasmo]

I wish you well and hope you pull through. 

I can't help but make one correction. The pandemic measures were hard on most businesses.

[Belleprincess]

Oh wow, Belle.

What business realm are you in?

I’m in retail

[Matt R.]

All I am hearing from restaurant owners is that revenue is up this fall, January always sucks. We’ve had a really strong November so far, up double digits.

[Ismo07]

All I am hearing from restaurant owners is that revenue is up this fall, January always sucks. We’ve had a really strong November so far, up double digits.

 

Retail is struggling due to the online shopping that is increasing as well...  Death by 1,000 cuts again..  No singular answer...  If so many close maybe leases come down or I guess development swallows those properties up for a couple years.

[Matt R.]

Yes, you saw my post about Lekker. A thousand cuts is right!