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Reply to "Pros and cons of opening a cafe after retirement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Is it for someone who has no experience of running or working in a small business? [/quote] I feel like there are more interesting ways to set money on fire.[/quote] This. Why don't you come to work with me and see how we can make our cafe successful. I have been in service industry since 1997. My current employer has been in the business for 20 years to the day. Come help us out with your ideas and work ethic without having to put any money into the business. I never wanted to open a restaurant and for many reason. I have friends and co-workers who did and every single one of them ended up closing. 2020 took out a lot of them. One has been opened now for over a year, but my friend doesn't have to pay rent or it's a very small %. Our brunch sales were $6k at 2 pm. Half of this goes to pay salaries for ca 20 people all rolling in and out at different times depending how busy it is. Payroll is the biggest expense right now, then food, then rent. I don't know the numbers, but we are definitely running negative every month.[/quote]
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