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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (7327)	7/22/2019 11:51:36 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26769

Watching another city self destruct.... The real key would be to eliminate tips and say the price is built into the cost of the food... I also think the "Uber Eats" and other delivery services are hurting the sit down customer experience with staff screwing up at the front desk (happened to us yesterday) as the staff is overwhelmed by all the technology and fails to satisfy paying customers in the restaurants. Popular Oakland Spot Hog’s Apothecary Closes Due To Bay Area’s High Cost Of Business By John RamosJuly 21, 2019 at 4:10 pm sanfrancisco.cbslocal.com Streit says he has to close Hog’s because despite a loyal customer base, the economics just don’t pencil out anymore. He says with rising rents, most new restaurants are changing to counter service only, now that the minimum wage has increased by 85% since he opened six years ago. “That’s a huge impact. And this is why everybody’s shifting to this other concept, because you just can’t make money doing a full-service thing,” Streit said. Streit says his immediate plans are to sleep for a while and then probably get back into the restaurant business, although he admits it might not be in California. He believes the Bay Area will be left with only expensive sit-down restaurants and those that sell cheaply with only counter-style service. The fate of Hog’s Apothecary is evidence that, in the restaurant business as in society, the middle class is vanishing. And Streit says the only way that can change will be if the price of real estate can somehow become more reasonable.