finn stern pfp
finn stern
@finnstern
Restaurants are a famously low-margin game. Daytrip Counter vs Daytrip: My wife and I pivoted our restaurant in Oakland this summer to focus on healthier, simpler, less expensive (~25% of former spend/customer) plates. Lots of room to improve, but the numbers are trending in the right direction. Any insights anyone would like to see?
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BrixBountyFarm 🎩 pfp
BrixBountyFarm 🎩
@brixbounty
Curious what the average bill is per customer? More so out of curiosity In our area, only small restaurants that seem to be doing okay either own their real estate with a good mortgage rate, have outside investment income offsetting losses, or are part of an ownership group which runs 8-10 restaurants and had equity from selling a local chain. Or do well with catering weddings and events in the summer on top of main restaurant Labor costs here are tough, imagine also in CA Glad the pivot is working,
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finn stern pfp
finn stern
@finnstern
We were running a high touch, higher-end spot that was consistently busy, but costs have crept up faster than consumer willingness/ability to spend. (Or so is my obviously biased diagnosis). Average spend is now ~22something.
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