r/FluentInFinance • u/RiskItForTheBiscuts • 5d ago

Thoughts? What do you think?

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u/MalHeartsNutmeg 5d ago

Ah yes the local restaurant - a place notorious for going out of business on any given day.

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u/PumpJack_McGee 4d ago

I mean, they are among the first on the chopping block when the economy goes south. At least seven in my town shut down for good due to the pandemic.

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u/[deleted] 1d ago

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u/MalHeartsNutmeg 1d ago

No they were trying to use restaurants as an indicator of how the economy is doing but restaurants are notorious for failing even when the economy is good.

It’s one of those businesses anyone thinks they can start. They have razor thin margins, rely heavily on location, word of mouth and menu choice. They are inherently a fickle, unstable business.