They should just relocate to some place more accessible. Terrific food there but it was a pain for most people on Capitol Hill to hike all the way down there just for a bocadillo.
If good places like this cant raise prices a few dimes to keep them open, what makes people think that paying employees $15 an hour is going to be sustainable? People seem to think that all you need to do is raise prices a tiny bit to pay for the wage increase and here's a popular place thats closing down because they cant raise prices. Even if they managed to stay open, the $15 minimum wage would have easily shut them down.
Somewhere around 60% of small, owner-operated restaurants fail within the first year, for numerous reasons, but with incompetent management and poor location siting topping the list. Blaming this particular closure on a piece of legislation that hasn't even been enacted yet is simply egregious fear-mongering, not to mention being rife with logical fallacies.
But hey, thanks for playing. We'll send you the home version of the game...
I think the economics of running a restaurant in Seattle just aren't favorable for this sort of place. Fixed costs are relatively high, so a restaurant generally has to go high-end, high-volume and/or huge to succeed here. Chico Madrid wasn't any of those things.
Maybe someone could have better luck with the 100 Montaditos model.
Holy shitsnacks! We need a 100 Montaditos franchise in Seattle ASAP. Somebody please get on that, I am too busy to get started in the restaurant business right now. http://franchise.100montaditos.com/en-us…
If you don't, cash flow and ebb and flow will kill you. And watch your unit cost & rent (lease)
Doesn't sound like it was all that popular.
But hey, thanks for playing. We'll send you the home version of the game...
Maybe someone could have better luck with the 100 Montaditos model.
http://franchise.100montaditos.com/en-us…