Another indication of how bad things are.
This was passed along to me.
Apparently business is so bad for this Chinese restaurant that they have to offer free wine and 20% off for a meal. What concerns me the most about this advertisement is that Chinese restaurants have a reputation of great profitability in this town since the overhead of the making the product is so low and these places make money by moving high volume at low prices.
It just goes to show how bad things are for the restaurant industry.
Apparently business is so bad for this Chinese restaurant that they have to offer free wine and 20% off for a meal. What concerns me the most about this advertisement is that Chinese restaurants have a reputation of great profitability in this town since the overhead of the making the product is so low and these places make money by moving high volume at low prices.
It just goes to show how bad things are for the restaurant industry.
posted by Grunt at
12:14 PM
4 Comments:
If the prices are comparable to the Thai food in town, it's certainly not the low prices you're speaking of.
By
jim, at 11:00 AM
Yup, not too shocking. When the money flowed, folks went to ritzy places, even if they weren't that good. Can't get a rezy at Nobu? There's a hundred mediocre, overpriced places to go instead.
Now, people will eat something at home, have a few drinks there as well, and then hit a bar and sip a drink sssslllllloooowwwwllllyyy.
Even most places that are still packing people in are complaining revenues are down by a third or half.
Why go to a crappy Chinese place and eat for $10 or $15 when you can pick something - healthier - up at the supermarket for around $5.
By
L'Emmerdeur, at 11:07 AM
sorry grunt...the cottage has always offered free wine..even when times were good.
By
Anonymous, at 10:57 AM
But they are offering it in coupon form.
By
Grunt, at 12:47 PM
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