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Restaurantindustry

All articles tagged with #restaurantindustry

business-and-economy2 years ago

"Inflation Drives Local Restaurant to Charge $16 for a BLT, Owners Discuss Cost Strategies"

Brian Will, CEO of Will Restaurants Investment Group, explained on "Varney & Co." the reasons behind the nearly $16 price tag for a BLT sandwich at his restaurant. Rising operational costs, including rent, utilities, labor, and inflation, have significantly increased the expenses of running his business. Despite the wholesale cost of the sandwich being $5, the need to cover these growing costs has pushed the retail price up from $12.99 to $15.99 over three years. Will highlighted the financial pressures of the restaurant industry, such as fixed yearly increases in rent, a 30% increase in labor costs, and a 40% increase in insurance, all contributing to the challenging economic environment for restaurateurs.

via New York Post |
##bltsandwich#business-and-economy
business-and-economy2 years ago

"Sandwich Price Soars to $16 Amid Inflation, Owner Terms Hike 'Incredible'"

Due to inflation and rising operational costs, the CEO of Will Restaurants Investment Group, Brian Will, has increased the price of a BLT sandwich to nearly $16 at his restaurants. Despite the wholesale cost being only $5, the need to cover high rent, utilities, labor, and other expenses has led to this significant price jump. Will highlighted the financial pressures of running a restaurant in today's economy, including fixed yearly rent increases and higher costs for labor and insurance, which have all contributed to the increased menu prices.

via Fox Business|
##business-and-economy#economicchallenges
business2 years ago

"Chef Barbara Lynch Streamlines Empire, Closes Three and Sells Two Boston Restaurants"

Celebrated Boston chef Barbara Lynch has closed five of her restaurants, including the high-end Menton, due to a combination of post-pandemic challenges, financial mismanagement by former employees, and issues with an uncooperative landlord. This comes after allegations of workplace abuse surfaced against her. While 100 employees have been affected by the closures, Lynch's flagship restaurant No. 9 Park remains open, along with B&G Oysters and the Rudder. Despite her past success and influence in the culinary world, Lynch's recent years have been marred by personal and professional struggles.

via The New York Times|
##barbaralynch#bostonrestaurants