restaurant industry

“You need a manager to open up a restaurant because the profit margins are so, so, so tiny. If you're not constantly You know, checking your numbers constantly, constantly, constantly. You can make loads of money and, well, revenues and close down because, you …”

“We're seeing more than ever I think a huge shift in, you know, tables just not showing up, canceling five minutes before, people showing up late, and then wondering why they can't be sat.”

“We're at a point where the industry is in a position of, you know, raising costs and all these different things that are affecting us that the accommodations still need to happen, but they need to happen on a sort of non-financial side, you know?”

“And as cities, states, and now the entire country move to a higher minimum wage, and then perhaps one day, one wage for everybody, as opposed to a second-tier For tipped employees, which I believe is not gonna last forever. Can't. You're gonna start to see res…”

“This is honestly one of the hardest times that I've seen in the restaurant industry in all the years I've been in it. I think we're sort of in a moment of reckoning and change. Costs have gone up. I think people are rethinking the meaning of work and what's wo…”

“My industry is an industry of winner-take-all. Think McDonald's and Burger King. Think Panera and Corner Bakery, Chipotle and Qdoba. All of the value creation tends to happen for those that are building something of large scale.”