Quote:
Originally Posted by FakeNick
wouldnt bother personally restaurants are not going to be making any significant monies for the next couple of years due to the global economy tanking
in the us it is estimated that 19000 restaurants are going to close this year alone
couple that with the fact that most new places close within 6-9 months of opening it really isnt a good time to be entering the hospitality industry
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For a proper restaurant this is true, fast food not so much. People have less money to spend and are looking for a quick and cheap alternative to a $20 steak.
Mcdonald's i think was up 11% Q3 of last year they reported recently. If i can buy a nice quality fish and chips or burger and chips i would eat that over mcdonalds anyday and im sure most people would agree.