The Ledger
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Starr: Further tipped minimum wage hikes will make restaurant survival impossible
“I think at a certain point, especially with tipped employees, I don't know if it should keep going up, because, I mean, it's going to be impossible for restaurants to really keep, to stay in business.”
Live Nation monopolizes music profits via venues, parking, and ticketing fees
“Nowadays, the act gets everything, and then the promoter, which is really basically one promoter, Live Nation now, they own a lot of the venues, they get the parking, and they, because they own Ticketmaster, they get that ticket charges.”
The Continental grew revenue from $3,000 to $100,000 per week
“And this little restaurant that did 3000 dollars a week, being this previous owner, eventually ended up doing a 100,000 dollars a week.”
STARR Restaurants sold $10M in gift certificates in 36 hours during COVID
“So I said, let's do, buy one, get one free... Buy one, yeah, one gift certificate, get one free. Well, in like, 36 hours, we did like, ten million dollars.”
Starr: Restaurant buildout and kitchen equipment costs tripled post-COVID
“COVID happened, everything doubled, the air conditioning. What used to cost 600,000 is now 1.8000000. They said, oh, it'll come down. It didn't come down. Kitchens, 500,000 dollar kitchen normally, 1.5 1000001.8 million.”