Like I get it, I don't want to defend small business tyrants or anything but restaurants run on razor thin margins and are therefore one of the businesses most likely to fail. I have a family friend who runs a small restaurant and they talk to me about the struggles all the time. Sad thing is that they used to make more money as an accountant but quit that to run a restaurant as a passion project.
I found it really eye-opening when I visited a local chain restaurant in a small town, and everything was half the price as in the city. Because the operator owned the building.
My bosses wife is starting a bookstore and my boss was complaining about how expensive it was becoming to set everything up, turns out most of it is due to the landlord of the one property she found that they were able to afford. I was >< this close to getting him onboard with land reform
A lot of it goes to the landlord.
Like I get it, I don't want to defend small business tyrants or anything but restaurants run on razor thin margins and are therefore one of the businesses most likely to fail. I have a family friend who runs a small restaurant and they talk to me about the struggles all the time. Sad thing is that they used to make more money as an accountant but quit that to run a restaurant as a passion project.
I found it really eye-opening when I visited a local chain restaurant in a small town, and everything was half the price as in the city. Because the operator owned the building.
With most major chains, they're the landlord which is why they franchise. So the operating costs go to some schmuck and the rent goes to them.
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My bosses wife is starting a bookstore and my boss was complaining about how expensive it was becoming to set everything up, turns out most of it is due to the landlord of the one property she found that they were able to afford. I was >< this close to getting him onboard with land reform