Yesterday I had a discussion with a friend re: eating out.
We eat out a lot. Hardly cook at home at all.
1. A bowl of Pho is now $15.
2. For the 2 of us, my average bill is $50 plus tips.
Base rent as I mentioned before had been going up between 50 to 100%. When you factor in the TMI, you are paying at least 50% more monthly. My company monthly rental is going up from $8500/month to $12,500/month.
None of my existing customers will tolerate or should be expected to pay 50% more for their products. To pay for this new increase, I am starting a new division that should generate new sales and we will be fine.
But, a restaurant has no choice but to raise their prices to cover this new increase. And I am not even factoring that the price of ingredients and staples like cooking oil has gone up too.
All those on fixed income - whether on salary or otherwise I am sure will if not already feeling the "pain".
What are your thoughts on this.
We eat out a lot. Hardly cook at home at all.
1. A bowl of Pho is now $15.
2. For the 2 of us, my average bill is $50 plus tips.
Base rent as I mentioned before had been going up between 50 to 100%. When you factor in the TMI, you are paying at least 50% more monthly. My company monthly rental is going up from $8500/month to $12,500/month.
None of my existing customers will tolerate or should be expected to pay 50% more for their products. To pay for this new increase, I am starting a new division that should generate new sales and we will be fine.
But, a restaurant has no choice but to raise their prices to cover this new increase. And I am not even factoring that the price of ingredients and staples like cooking oil has gone up too.
All those on fixed income - whether on salary or otherwise I am sure will if not already feeling the "pain".
What are your thoughts on this.
Comment