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The state of the restaurant industry

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141–150 of 591 posts

Re: The state of the restaurant industry

#141
post #55

At this point, what good is "seated diners" data when every restaurant is takeout and delivery only?

Though some of the major ones may have the restriction, not all US metros have the regulation yet. It would be good to have a data on how much of the number is under the regulation.

I would expect these restrictions to be nationwide by this weekend, if not sooner.

Re: The state of the restaurant industry

#142
post #102
post #5

Does that data indicate that seated reservations are only presently down 56% YOY in the US ? That's pretty discouraging if that many people are still ignoring standard guidance.

Can someone give money to OpenTable to support restaurant in difficult time? I wanted to help a couple of local business but there’s nothing on-line: Google Maps says that they are open (and my city in in lock-down).

If your favorite places offer gift certificates, that's a good way to support them. You're basically giving them an interest-free loan for the amount that you purchase. I've already done this with a bunch of my favorite local restaurants.

Re: The state of the restaurant industry

#144
post #31

Earlier quoted context omitted.

SBA will be distributing low-interest, long term loans, if it helps any. https://www.sba.gov/funding-programs/disaster-assistance

Restaurants typically run at 3-5% margins, how low are these interest rates?

apparently 3.75%

Re: The state of the restaurant industry

#145

Earlier quoted context omitted.

The restaurant industry is brittle and consolidating, and the the American middle class might not be strong enough to support it anymore. Recent events just magnify the weaknesses of the existing system. We could talk about things like the expansion of government programs, or we could talk about your theory of how I'm stripping people's humanities away. You would also presume quite poorly if you thought I haven't wor…

Whats more remarkable is that no one has made a peep about RENTAL PAYMENT DEFERRALS or SUSPENSIONS to even COMMERCIAL LANDLORDS of APARTMENTS / SINGLE FAMILY HOMES yet somehow sit-down restaurants and their health are a top concern. These priorities are lop-sided at best. Restaurants are not a critical component of your basic sustenance. They never were, in the course of human history. Heavy dependence on them for on…

“No one” in the US perhaps?

Some other countries already have programs. NZ just introduced a program where everyone who’s job is locked-out will still get paid (so they can continue to pay bills). Other countries have different programs.

Re: The state of the restaurant industry

#146
post #12

Siting at a table with your family that is wiped down just before you sit seems to me like an incredibly low risk activity. As in, less risky than picking up food from a grocery store where infected people are shopping and touching things on a daily basis.

low risk? Being in a public place with a lot of other people with a airborne virus? Do you sincerely believe that wiping down tables will protect you and your family?

Re: The state of the restaurant industry

#147
post #53

Earlier quoted context omitted.

SBA just announced a program for loans up to $2M at 3.75% to make payroll

Loans don't solve this. It isn't like once this is over restaurant patronage will jump up to 200% of normal. This is business these companies will never get back. Giving them a loan that they can't repay is just delaying the problem.

Spreading the problem out over a long period of time keeps the company in business. It's a no-brainer good idea for the SBA to do this. Not sure what you would prefer instead.

Re: The state of the restaurant industry

#148

Not to trivialize the numbers, but people still have to eat, so these dollars are largely being re-allocated elsewhere, primarily to takeout, food delivery, and grocery stores. Other sectors that are service-based represent real net loss in GDP.

For sure but don't forget that many people cannot work right now and are not getting paid so many people and spending far fewer dollars in whole so their spending may be far far less as a result, for example, buying some bags of rice, beans etc.

Re: The state of the restaurant industry

#149
post #82

Earlier quoted context omitted.

In today’s world Uber eats, Grubhub, etc take 30% of the gross on an order. No way it’s more profitable than having people in house buying alcohol.

The one time I bought on Grubhub I had trouble getting the price to something reasonable even with the coupon I had (only reason I was trying it) because all the menu prices were way higher than at the actual restaurants. Even with (IIRC) the delivery fee waived and a significant % off (I wanna say 20 or 30?) it was about the same as going in. Does Grubhub do the menu-price adjusting part, or do the restaurants? Unli…

All of the delivery apps have much higher prices than what you can get at the place yourself. I suggest take-out or drive-thru if you're able.

Re: The state of the restaurant industry

#150

Earlier quoted context omitted.

Other countries don't have those filthy wet markets. They ARE absolutely filthy. They're on the same hygiene levels as the bushmeat markets in the poorest African countries. You know, Ebola? Isn't it amazing that poorer, even denser countries like India or Bangladesh haven't originated the same deadly pandemics? The PRC deserves the blame for this. Scientists have known about the issues with those markets for a long…

Whilst I would love to join you in your racist-freebie rant on the Chinese, I am reminded that 170 odd people died from Creutzfeldt–Jakob disease, caused by feeding hitherto vegan cows the brains of other dead cows. In the United Kingdom of Great Britain and Northern Ireland. In 2012. Twit

Can somebody explain to me how saying ‘generic bad thing’ and ‘China’ in the same sentence is racist? Is this question racist? Serious answers only because I’m in EU.

Bonus question - is Spanish Flu racist?

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