Restaurant owners of SF, how's your business in the last few months?
I own a bakery, and it's been brutal since the summer. We were doing quite well last year, right up until May this year. In fact, May was our best month. Then sales dropped around 10% in June, July, and August. Maybe people travel, kids are out of school, I thought. It happened last year too, though not by 10%, but okay.
Then in September, and so far in October, sales dropped another 5%. If you own a restaurant, you know that just a 5% drop can kill you when all your fixed costs stay the same or go up (in fact, minimum wage went up to $19.61 starting July 1). I don't know the reason. Kids are back in school, right? People are back at work, right?
My only guess is that the economy is tough right now. Gas prices are high, a lot of people got laid off, so they're spending less?
How's your business doing?