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  • TxStetson

    Opinionated and Irritable
    TGT Supporter
    Lifetime Member
    Rating - 100%
    4   0   0
    May 9, 2013
    10,068
    96
    The Big Country
    Steak fingers from Buddy's in Andrews.
    Buddy's is really good, but I have gotten where I prefer the steak fingers at Syd & Sam's in Odessa more. The original Keith's Hamburger Station in Odessa has pretty good steak fingers too, but the new one out on 191 is only OK.
     

    toddnjoyce

    TGT Addict
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    4   0   0
    Sep 27, 2017
    19,330
    96
    Boerne
    Fixed expenses don’t change if the lights are on and the doors are open.

    I’m a little surprised at the number and wide cross-section of businesses in the same financial shape as their employees: paycheck to paycheck with little reserves or retained earnings.
     

    oldag

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    7   0   0
    Feb 19, 2015
    17,598
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    Fixed expenses don’t change if the lights are on and the doors are open.

    I’m a little surprised at the number and wide cross-section of businesses in the same financial shape as their employees: paycheck to paycheck with little reserves or retained earnings.
    Most small business owners (not all) only have a couple of months expenses in reserve. Most are not all that profitable.
     

    Axxe55

    Retiretgtshit stirrer
    Rating - 0%
    0   0   0
    Dec 15, 2019
    47,180
    96
    Lost in East Texas Elhart Texas
    Most small business owners (not all) only have a couple of months expenses in reserve. Most are not all that profitable.
    Restaurants are some the worst to make a profit or stay in business. I read somewhere some years ago, that the failure rate in a years time is almost 70%.

    How to make a million dollars in the restaurant business? Spend five million!
     

    oldag

    TGT Addict
    Rating - 100%
    7   0   0
    Feb 19, 2015
    17,598
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    Restaurants are some the worst to make a profit or stay in business. I read somewhere some years ago, that the failure rate in a years time is almost 70%.

    How to make a million dollars in the restaurant business? Spend five million!
    That 70% failure rate used to be quoted as the failure rate for all small businesses during the first five years of operation.
     

    Axxe55

    Retiretgtshit stirrer
    Rating - 0%
    0   0   0
    Dec 15, 2019
    47,180
    96
    Lost in East Texas Elhart Texas
    That 70% failure rate used to be quoted as the failure rate for all small businesses during the first five years of operation.

    IIRC, that 70% figure was for restaurants failing within the first years of opening. I believe that small restaurants have a higher faulure rate than other small business'.

    I think it has to do with that their profit margins are so small, that making a profit to keep afloat is very difficult.
     

    Whistler

    TGT Addict
    Lifetime Member
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    12   0   0
    Jan 28, 2014
    3,451
    96
    Northeast Texas
    Profits margins are razor thin, bad staff will wreck you, same with bars.

    Shrimp po'boy from Mr. Charburger (been out of business many years)
     
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