RM article 1.docx - Syman Li THERE'S A MASSIVE RESTAURANT...

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Syman Li THERE'S A MASSIVE RESTAURANT INDUSTRY BUBBLE, AND IT'S ABOUT TO BURST This Article was written by Kevin Alexander. In this article the author talks about how a famous restaurant that seems to be unstoppable can still crumble to break down along their road to success. The author describes how difficult it is for restaurants now a day to survive and what others have done in order to survive in the current restaurant industry. A lot of point were spoken about in this article but one aspect that seems to come up the most is cost. The author explains how different cost are heavily effecting every single restaurant all around America. With the increase in cost for restaurants, restauranteurs are at a lost at what they must do. For example, OA restaurant that was mentioned in the article. When it first opened it had a net profit of 250K and a revenue of 2.9 million which is insane for a new sit down restaurant. But, on the second year their net profit had decreased by 50K, but their revenue had increased to 3.1 million from 2.9 million.
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  • Spring '14
  • JohnF.Agnelli
  • Management, Generally Accepted Accounting Principles, Restaurant Industry, Syman Li

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