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Moonstone Bistro, a popular fine-dining restaurant in west Redding, has announced they will stop serving lunch, citing California’s increased minimum wage...
In Redding? No chance. Labor is usually about 30% of gross sales, about the same as COGS (ingredients). Recommended rent and associated fees are in the 6-10% range of gross sales. I don’t imagine Redding has sky high rents like an urban center.
I bet rent takes a bigger chunk out of their business compared to wages, but you never hear these types complain about their landlord.
In Redding? No chance. Labor is usually about 30% of gross sales, about the same as COGS (ingredients). Recommended rent and associated fees are in the 6-10% range of gross sales. I don’t imagine Redding has sky high rents like an urban center.