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Old February 6th, 2009, 06:09 PM   #21
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I don't think people realize the low profit margins of a restaurant and the ever rising costs last year alone. Food, paper, insurance and minimum wage rates, yes that affects restarurants.
Even with the " it's always packed" comment doesn't mean your making money.
The National Restaurant Research shows that the average restaurant makes only 5 cents on the dollar in profit.
Tuff business, especially in a seasonal area.
This may be true, but I find it hard to believe when i go to a bar that is always packed, and I walke out with at least a $50 tab everytime that the owner is hurtin, espescially considering that there are hundreds of other people pullin $50 tabs all day long.
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Old February 6th, 2009, 10:24 PM   #22
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Originally Posted by UP_ROKTOY View Post
This may be true, but I find it hard to believe when i go to a bar that is always packed, and I walke out with at least a $50 tab everytime that the owner is hurtin, espescially considering that there are hundreds of other people pullin $50 tabs all day long.
Can you imagine the overhead of that location.
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Old February 7th, 2009, 07:31 AM   #23
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This may be true, but I find it hard to believe when i go to a bar that is always packed, and I walke out with at least a $50 tab everytime that the owner is hurtin, espescially considering that there are hundreds of other people pullin $50 tabs all day long.
I think that is exactly what Pizzaman is saying; you're holding up the loosing side of the business with your overpriced alcohol.
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Old February 7th, 2009, 01:11 PM   #24
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Can you imagine the overhead of that location.
For sure, but their food and drink prices are ridiculous, I can't figure they are loosing money at all.
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Old February 7th, 2009, 01:23 PM   #25
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I work for Tiara yachts and we are hurting. Starting after next week we have 5 weeks off so they can try and get boat orders. I can belive that people just stay docked as much as the bigger yachts and sport boats coat is fuel.
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Old February 9th, 2009, 11:40 AM   #26
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Quote:
Originally Posted by UP_ROKTOY View Post
This may be true, but I find it hard to believe when i go to a bar that is always packed, and I walke out with at least a $50 tab everytime that the owner is hurtin, espescially considering that there are hundreds of other people pullin $50 tabs all day long.
Agreed!

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Can you imagine the overhead of that location.
Servers only make a few dollars per hour...Chefs not much more...
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Old February 24th, 2009, 09:26 PM   #27
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I ran into George (bartender) last weekend...rumor is that Jacks will re-open on March 2nd.
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Old February 24th, 2009, 09:37 PM   #28
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Quote:
Originally Posted by UP_ROKTOY View Post
This may be true, but I find it hard to believe when i go to a bar that is always packed, and I walke out with at least a $50 tab everytime that the owner is hurtin, espescially considering that there are hundreds of other people pullin $50 tabs all day long.
You have no idea what the overhead could possilbly be. Think of the insurance, the cost of the liquor license. Some drinks may be profitable, but others and alot of food items have food costs of over 40-50 % Add that to utililities, rent, taxes, amongst others you would be suprised.

I analyze businesses in restaurant industry. It's not what it used to be.
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Old February 24th, 2009, 10:39 PM   #29
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Originally Posted by pizzaman View Post
You have no idea what the overhead could possilbly be. Think of the insurance, the cost of the liquor license. Some drinks may be profitable, but others and alot of food items have food costs of over 40-50 % Add that to utililities, rent, taxes, amongst others you would be suprised.

I analyze businesses in restaurant industry. It's not what it used to be.
your right
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Old April 24th, 2009, 10:00 AM   #30
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Well...Jack's has been open for a few weeks. I went up there the other day. There were about 10 people in the bar area. The service was not very good...I thought it was the bartender's first night (it was his 3rd week). I hope they get the kinks out before the busy season.
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Old April 26th, 2009, 04:50 PM   #31
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2 of my buddies spent the whole day at Jacks yesterday....once boating season gets moving they'll be busy non stop again.
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