What’s behind the slew of restaurant bankruptcies in 2024? Experts unpack the problems

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  • Опубликовано: 23 ноя 2024

Комментарии • 230

  • @Fishman814
    @Fishman814 3 часа назад +55

    When people can barely afford groceries going to a restaurant is not an option.

    • @randywl8925
      @randywl8925 57 минут назад +1

      ...and add $50 if you take a taxi.

  • @MongoHunts
    @MongoHunts 3 часа назад +86

    I can't believe you're even asking that question, have you not been around for the last 4 years?! Hell man, folks can barely even afford eating at home!

    • @sf9145
      @sf9145 3 часа назад +7

      And then add on the tip that keeps growing.

    • @RickStorni
      @RickStorni 3 часа назад +3

      YEP

    • @stephenmarkovic878
      @stephenmarkovic878 2 часа назад +2

      Move to Europe no such thing as tips

    • @TheloniousJackson
      @TheloniousJackson 2 часа назад

      @@stephenmarkovic878tips are included in the bill in Europe it’s not that tips don’t exist

    • @Rob-hh5sd
      @Rob-hh5sd 2 часа назад

      Your right, if you apply woke youth being more and more in the workforce,DEI hires and the fact you can hardly trust what is actually in the food?
      Equals failure.
      Shocked right 😂❤

  • @ThatDangDingo
    @ThatDangDingo 2 часа назад +29

    People are tired of spending their hard earned money on crappy food and little to no service. Plain and simple.

  • @InspiringHowUCThat
    @InspiringHowUCThat 2 часа назад +18

    Thanks to our current administration! So sad!

  • @ErnestoDelaCruz-ei1id
    @ErnestoDelaCruz-ei1id 3 часа назад +32

    Bidenomics ,thank a democrat.🤬

  • @carlfrye1566
    @carlfrye1566 3 часа назад +41

    BIDENOMICS!

  • @NoManClatuer-pd8ck
    @NoManClatuer-pd8ck 3 часа назад +29

    Most Americans can't afford $100.00 or more for a casual meal for 2-3 people.

    • @Rob-hh5sd
      @Rob-hh5sd Час назад +1

      Yeah I was talking to a guy with six kids and he told me that he would take them to a restaurant and watch everyone, he decided to go to the store buy some chicken nuggets burgers and dogs.
      Took them all to the park and saved 80 to 100 dollars.
      I told him if he didn't do it that way he would never be able to afford Christmas 😂🙏❤️💯🤔👍

  • @BobbyDaniels-ck7jv
    @BobbyDaniels-ck7jv Час назад +12

    May we never forget the damage done by this political party in the last four years.

  • @NHLblkgurl
    @NHLblkgurl 4 часа назад +79

    “ONE word”:
    President Joseph Robinette Biden Jr and Kamala Harris.

    • @southrichmondtofl
      @southrichmondtofl 3 часа назад +8

      Not sure why this STILL escapes people, watching the Sunday morning MSM Political shows, namely "This Week" on ABC...They STILL don't get it!!!!

    • @Brezzybri741
      @Brezzybri741 3 часа назад +1

      Or just a failing business silly.

    • @southrichmondtofl
      @southrichmondtofl 2 часа назад +3

      @@Brezzybri741 like Harris, failing/failed!! Harris specifically, it’s called failing up!

    • @drewtaylor8439
      @drewtaylor8439 2 часа назад

      Well how do you think tariffs will help? How will Trump actually reduce prices?
      Other than just saying he will?

    • @_iLLuSiv3_
      @_iLLuSiv3_ 2 часа назад +1

      @@drewtaylor8439 Tariffs are on imports, how will that affect restaurants, unless they are importing all of their products?

  • @asymmetry9988
    @asymmetry9988 3 часа назад +35

    Inflation kills business because people have to choose between basic needs and products and services they can live without. Going out to eat is one of the first things to be cut.

  • @bthompson1767
    @bthompson1767 3 часа назад +16

    It’s not eating habits that’s cause people not to go out to eat. It’s the cost of everything.

  • @jaysonj9327
    @jaysonj9327 4 часа назад +41

    Labor inflation. Supply chain disruptions. Inflation for supplies, insurance premiums, rents. In other words Bidenomics. Elections have consequences, policies matter and you have to think clearly about for whom you vote. Your livelihood is at stake. Literally.

    • @CarolDickner
      @CarolDickner 3 часа назад +3

      👍👍👍

    • @Rob-hh5sd
      @Rob-hh5sd Час назад +1

      No better example than Bidenomics

  • @donhurst8459
    @donhurst8459 3 часа назад +20

    there wasn't a problem 4 years ago 🤔

  • @gemgal711
    @gemgal711 3 часа назад +23

    Two words ... government interference....

  • @josemorrasge8100
    @josemorrasge8100 4 часа назад +61

    How's Bidenomics working out folks.

    • @zo62
      @zo62 4 часа назад +2

      Funny the local restaurant are working

    • @zo62
      @zo62 4 часа назад +1

      Works out pretty good if product doesn’t sucks nothing can be done

    • @jimcoulter5877
      @jimcoulter5877 3 часа назад

      HEY DUMB AERICANS, will this be a Christmas season your credit cards are maxed out as you fools keep voting for ignorant DEMOCRATS?

    • @713devereux
      @713devereux 3 часа назад

      It was great for me, made more money than I ever had.

    • @michaelterry4394
      @michaelterry4394 3 часа назад +3

      Bidenomics Pay more get less sometimes a lot less . Good day

  • @marlewin5249
    @marlewin5249 2 часа назад +11

    One coffee and two pancake dishes with tip; i ended up paying over 60.00. For flour and water with some whip cream and preserves on them. Middle class folks can't afford to eat out like this regularly. Its cheaper to eat a bowl of oatmeal at home. Thanks Dems!

  • @scwps23
    @scwps23 3 часа назад +22

    Most Americans can only afford to survive in this JB KH economy. Restaurants have always been about convience. It's a convince many Americans can't afford right now. It's always been cheaper to eat at home.

  • @eutimiochavez415
    @eutimiochavez415 3 часа назад +18

    Thank. You Biden and kammal toe 👎🏿👎🏿👎🏿👎🏿

  • @888strummer
    @888strummer 4 часа назад +42

    Bidenomics

    • @713devereux
      @713devereux 3 часа назад

      God bless Bidenomics, made the best money I ever made in my life.

  • @StevenPacyna
    @StevenPacyna Час назад +4

    I know a guy who owns a family restaurant. Last year he told me the price he pays for food went up$4000 per month and that was last year.

  • @richardweyland116
    @richardweyland116 3 часа назад +17

    FJB, FKH.

  • @Genesis-007
    @Genesis-007 3 часа назад +17

    Ummm gee let me think..... Bidenomics?

  • @flip97gt
    @flip97gt 3 часа назад +21

    I paid over fifty-six dollars including a tip for two plates and three drinks for three people at a local catfish restaurant (my GF and I shared a plate). It costs too much to eat out nowadays. Especially, when you factor in tips at 20%. There's also no need for drinks to be 2.50-3.00 dollars each. My GF and I are decent enough cooks that we get by with just chilling and grilling at home.

    • @ErnestoDelaCruz-ei1id
      @ErnestoDelaCruz-ei1id 3 часа назад +2

      That was cheap 😮

    • @Rob-hh5sd
      @Rob-hh5sd Час назад +1

      ​@@ErnestoDelaCruz-ei1idthat's what I was thinking 😂
      It's usually over a hundred dollars for that many people and drinks 😮
      Nonalcoholic
      Add alcohol and 150

  • @marksmith6634
    @marksmith6634 2 часа назад +6

    News flash, having restaurant experience the top has been taking to much of the pie! Also government regulations have also taken its toll, insurance companies hire lawyers to lobby for hire rates, and states with insane minimum wages like California! Worked during the 90s at a medium size chain, I saw my general managers bonus check I was flabbergasted it was over 12g for the quarter and he said his yearly was going to be bigger. The CEO'S and other board members salaries have out paced the economy. Rain in the executives and the government, like the insane taxes on adult beverages and rain in insurance requirements, than maybe the business climate would improve.

  • @Allfaxnocaps
    @Allfaxnocaps 2 часа назад +7

    Prices , duh. Going out to eat at some of these places is basically spending a full days paycheck. More if you have kids

  • @pastordavidberman2091
    @pastordavidberman2091 Час назад +3

    When you can’t pay for bread and eggs, you can’t go out the restaurants

  • @Patrick-yh5yd
    @Patrick-yh5yd 2 часа назад +5

    I just went out to eat and the blill suggested a 20% tip????20 PERCENT!!! The service was bad!!!

  • @JohnSmith-em9ks
    @JohnSmith-em9ks 3 часа назад +7

    You forgot the most important ingredient, friendly staff. I return again and again not for the food but for the friendly staff that treats me like a king. Don't overlook customer service. That's a big factor

  • @chosen4painedlife631
    @chosen4painedlife631 3 часа назад +9

    It's called BlackRock owe me my money

  • @janerichards3868
    @janerichards3868 3 часа назад +12

    No one can afford the frills in life. Hard choices need to be made. So going out to eat isn’t realistic with high costs and tipping.

    • @JohnSmith-em9ks
      @JohnSmith-em9ks 3 часа назад +2

      Yes, tipping is out of control. F me. 20% really? For what?

  • @Tony-k9i
    @Tony-k9i 4 часа назад +18

    Plus its overpriced pig slop

    • @carlfrye1566
      @carlfrye1566 3 часа назад +1

      It's always been overpriced compared to eating at home, but now it's BIDENOMICS PRICED.

    • @Rob-hh5sd
      @Rob-hh5sd Час назад

      Yeah they're not hiding the fact that it's pig slop anymore and being served by a clueless pink haired person with attitude isn't helping either.

  • @Bay0Wulf
    @Bay0Wulf 48 минут назад +2

    STICKER Shock is a Real Thing.
    A relatively decent breakfast in a TRUCK STOP (TSA) is over $20 by the time you figure in a tip.
    A reasonably decent dinner almost at ANY Diner/Sit Down restaurant is AT LEAST $35-40
    “Fast Food” is Quickly Following those numbers in % of increases.
    Its NOT the fault of the Industry Generally … their Costs have gone up as well … especially as raising “Minimum Wages” are forced into place.
    However … US Wages generally have NOT Increased to meet Inflation.

  • @myronp243
    @myronp243 3 часа назад +18

    Most of these restaurants serve cheap quality foods at a high cost.Consumers are finding out it's better to eat at home.

    • @southrichmondtofl
      @southrichmondtofl 3 часа назад +1

      More importantly...Cheaper

    • @Rob-hh5sd
      @Rob-hh5sd Час назад

      Healthier and cheaper for sure 🙏👍💯❤️🤔

  • @Ane127
    @Ane127 3 часа назад +12

    It’s healthier and cheaper to eat rice and beans.

    • @jimmyjames6487
      @jimmyjames6487 2 часа назад

      A diet of carbs isn't healthy

    • @bara7331
      @bara7331 2 часа назад

      Whether eating rice and beans is "cheaper" is irrelevant to the economics today. SMDH

    • @Rob-hh5sd
      @Rob-hh5sd Час назад

      ​@@bara7331it's exactly connected just like your stomach letting you know it's time to eat some more rice and beans because of Bidenomics 😂❤

  • @SamTheCarnivore
    @SamTheCarnivore 3 часа назад +9

    For the price of one meal in a restaurant, I can buy about 4 from the grocery store and cook for myself. The restaurant experience is not what is used to be because so many of the servers don’t want to work and it’s SO obvious. No thanks, I’ll stay home!

    • @RickStorni
      @RickStorni 2 часа назад +1

      plus they expect a 20% tip for lousy service

    • @Rob-hh5sd
      @Rob-hh5sd Час назад

      Yup yup

  • @daslous89
    @daslous89 3 часа назад +12

    If they sold food instead of chemical laden artificial so-called food, it might be different.

    • @Rob-hh5sd
      @Rob-hh5sd Час назад

      Exactly 💯
      You can't trust the food or the server most of the time.

  • @raycenteno7698
    @raycenteno7698 4 часа назад +8

    Ill tell ya. This economy. Plain and simple.

  • @Ane127
    @Ane127 3 часа назад +13

    “Restaurants” is a term used loosely for this quality of food. We need real food.

  • @lovemacheeen1777
    @lovemacheeen1777 Час назад +2

    Me and my wife did Denny's yesterday for breakfast. It was decent, country fried steak breakfast with one juice 38$ tip and out the door for 45$ to much for a regular thing in my book. We walked out talking making our own.

  • @herbolson8166
    @herbolson8166 2 часа назад +1

    High prices, poor service, bad food not worth eating. In one word describes what is happening. GREED

  • @SiLoMixMaster
    @SiLoMixMaster 2 часа назад +4

    Trump's growth economy will help these restaurant brands a lot over the next 4 years

  • @eutimiochavez415
    @eutimiochavez415 3 часа назад +3

    Because they charge to much for what u get 😂😂 and people can’t afford to go out and eat out ?.

  • @Publius-24
    @Publius-24 Час назад +2

    inFLATION.

  • @noidreculse8906
    @noidreculse8906 Час назад +2

    $20 / hour minimum wage doesn’t help anyone

  • @skulltula6799
    @skulltula6799 3 часа назад +9

    We used to have 1$ double cheeseburgers at mcdonalds about what 10-15 years ago? Shits now like $5.

  • @LC-jo7fq
    @LC-jo7fq Час назад +2

    How many small businesses closed down dew to the bidumb/ air head administration???

  • @ryandarko2115
    @ryandarko2115 4 часа назад +8

    Gee inflation and the high cost of anything and everything ?

  • @zo62
    @zo62 4 часа назад +8

    They went woke and millennials gen z. Nothing to do with the food sucks and overpriced

  • @DaleMeese
    @DaleMeese Час назад +1

    This was all predicted by the common sense people 3 years ago.

  • @Wickedstickyflowers
    @Wickedstickyflowers 2 часа назад +1

    I haven’t been out to eat twice in three years and each time the quality and portions where smaller but the bill was double

  • @PRM1971
    @PRM1971 3 часа назад +4

    Hell, the problem is cost!!
    My taste has not change but your prices have triple to quadruple!!
    Can't afford the greedy companies. Car manufacturers will be the next to fail.

  • @Timberland1963
    @Timberland1963 3 часа назад +3

    It’s too expensive to eat out and it’s something that people can easily do without. There’s also several companies that deliver fresh meals that a person cooks at home when they want one. I’ve never had one but supposedly they are pretty good with a lot of variety. With the price of fuel I’m sure some people even factor that into the cost of going out. I only eat out when I’m away from home and there’s no other choice I don’t get any drinks or dessert. I can eat better quality food at home for much less and I control what goes into it.

  • @richiestarks6163
    @richiestarks6163 2 часа назад +1

    More money for less portion and mediocre service equals decrease in sales. Millennials prefers to eat at home these days.

  • @randywl8925
    @randywl8925 57 минут назад +1

    Lets raise the minimum wage to $25.
    That way i can impress my date by spending $150 for a candle lit dinner at McDonald's.

  • @Nuckn_Futz
    @Nuckn_Futz 2 часа назад +1

    Higher prices, smaller portions. Hell even McDonalds cost twice as much as it should... here you used to be able to get a combo meal for $5-6, now it's double that. It's actually CHEAPER for me to eat at Arbys over McDonalds now and that is ridiculous. I hardly even eat at restaurants any more (I haven't had a Subway sub since they quit the $5 footlong promo so that tells you how many years it's been lol).

  • @EdwardOtero-p8c
    @EdwardOtero-p8c 2 часа назад +1

    OUTRAGEOUS FOOD PRICES !

  • @alanlangley7246
    @alanlangley7246 Час назад +1

    we better SUPPORRT OUR FARMERS MORE give them better tax breaks sell them diesel /chemicals at cost sell them tractors/equipment at cost

    • @GroovyGrandpa2
      @GroovyGrandpa2 40 минут назад

      Yup perzactly, help the farmers and take back all land that china bought.

  • @davidmichaels4285
    @davidmichaels4285 30 минут назад +1

    FJB & Bidenomics

  • @timjeffries1555
    @timjeffries1555 3 часа назад +3

    Maybe people can’t afford to eat out, WTF? LGB

  • @winstonsmith935
    @winstonsmith935 2 часа назад +1

    Maybe people can’t afford to eat out.

  • @WeaponsEducation
    @WeaponsEducation 9 минут назад

    I can afford the crazy prices. I stopped going to restaurants as it is no longer enjoyable. I don't like getting ripped off.

  • @dennisgreene2544
    @dennisgreene2544 2 часа назад +2

    Focus, on the poor! Make it easy for,them to eat. Less or price friendly 💡💡

  • @GordyThomas
    @GordyThomas Час назад +1

    Cell phone use in restaurants has been kil.ling the industry even before COVID. People are holding onto tables almost twice as long which dramatically slows down table turnover.

  • @PowerTree-007
    @PowerTree-007 2 часа назад +2

    If I have to order my food from a computer instead of a waitress, I'm not doing it.

  • @kelleyhyde643
    @kelleyhyde643 2 часа назад +1

    People on my economic level went from fastfood during the week and fancy places on weekends to fast food once or twice a year and no fancy restaurants, over the years. Now, my middle class relatives and their neighbors are doing what we've been doing, because there's no money to spare. People can barely afford the "grocery store experience", let alone the "restaurant experience"...

  • @drinny26
    @drinny26 2 часа назад +1

    “Bidenomics is working!”

  • @AMX86
    @AMX86 27 минут назад

    Pretty simply, people DO NOT NEED many of these restaurants and unappetizing offerings.

  • @asseenonline7951
    @asseenonline7951 2 часа назад

    Most chain restaurants buy their food from the same food supply companies - lots of it is pre-made, heat and serve manufactured stuff with cheap and bad for you ingredients.

  • @friendryan
    @friendryan 2 часа назад

    no everything is ridiculous prices

  • @onestarabove7027
    @onestarabove7027 30 минут назад +1

    Fast food soft drinks are $3.00. They cost a dime.

  • @GroovyGrandpa2
    @GroovyGrandpa2 30 минут назад +1

    Dummy rats, attacking the energy sector drove the price of everything up.

  • @philiplombardo249
    @philiplombardo249 3 часа назад +2

    I haven’t been to a restaurant for SO LONG. I never go out anywhere to eat bc it’s so expensive everywhere. By the time you add tax and tips, you’re looking at a bank loan lol

  • @AMX86
    @AMX86 24 минуты назад +1

    We want classic American food.

  • @williammay5532
    @williammay5532 Час назад

    I'm a manager and a general manager in the restaurant industry. It's starts with the restaurant itself with fast friendly service with your servers, if something isn't correct with your food your servers are your last line of defense. They should be checking the dish to see if it made correctly, is the plate clean , the correct portions, and that it looks like it alway should? Are the tables set up the same? Clean? Are the servers checking on the tables? Drink? Are the products always in the restaurant that it sells ( no outages of products)? These have a lot to do with some brands going under, among other issues.

  • @myworld6220
    @myworld6220 2 часа назад +1

    Save Hooters.

  • @noidreculse8906
    @noidreculse8906 Час назад

    Quality, Service, Price.
    End of Story

  • @ralphalvillar3317
    @ralphalvillar3317 Час назад

    Poor quality and high prices to pad the bank accounts of greedy corporate management is what's causing this. Be real...

  • @jameshuffman835
    @jameshuffman835 Час назад

    Last restaurant I went to was two weeks ago! Prices extremely high, food quality mid-grade! $163 for two! Next day was my birthday and I wanted a "Good Meal"! Fillet mignon, shrimp pasta Alfredo, broccoli and garlic toast! It was cooked to perfection! And coast $68 and I did the cooking! So explain it to me! ?

  • @selfproclaimedintrovert5676
    @selfproclaimedintrovert5676 32 минуты назад

    The quality of the food at these places isnt what it used to be and plus its too expensive anymore. Heck, I can barely afford groceries, let alone entertaining the thought of casual dining.

  • @dannym4386
    @dannym4386 Час назад +1

    Guys got a huge forehead. Like an alien

  • @jamesbarca7229
    @jamesbarca7229 43 минуты назад

    I didn't know Buca di Beppo went bankrupt. I used to love Buca, but their prices got too high for me to afford.

  • @JosephRodriguez-dt6yg
    @JosephRodriguez-dt6yg Час назад

    Funny thing that none of them talked about the fact that now days smart people don't want to eat processed food

  • @rickagulia3767
    @rickagulia3767 Час назад

    Going out to eat is too expensive. I don't even get take out food anymore. My take out food use to be $13.50 and now it's $22 for exact same order. And on top of that,they are looking for a tip.

  • @salone1605
    @salone1605 4 минуты назад

    The shared truth is when it cost 4 times as much to eat out as it did 2 years ago. The hyper inflation to pay for labor. That is why. It's not like it went up gradually. The only thing that is driving people to these restaurants are memories of the normal days.

  • @normandurfee8681
    @normandurfee8681 3 часа назад +2

    It's all about the Benjamin's, been out for dinner lately 😮

  • @johnny316b
    @johnny316b 3 часа назад +1

    if you are, and have been running in the red ( SOMEBODY IS GETTING ROPPED OFF, SOMEBODY HAS T PAY THE DEPT, WHO IS SUPPLYING THE DEPT, WHO IS GETTING RIPPED OFF, AND WHO THE EF IS LYING )

  • @Morinehtur
    @Morinehtur 3 часа назад

    Red Lobster has been a terrible chain for a franchise owner to operate. These restaurants have been closing down since the mid 1990's.

  • @peggygearhart6716
    @peggygearhart6716 Час назад

    Chain restaurants are gross. I think people are trending toward farm to table, breweries and healthy niche local places

  • @josephreilman8527
    @josephreilman8527 3 часа назад +1

    Denny's oh no! Where will I go hammered with my friends at 2AM? anywhere else

  • @dieterpaleo1641
    @dieterpaleo1641 2 часа назад

    Low quality. Poor service. High prices. Idiot customers who act like children.

  • @Middlename_Alexander
    @Middlename_Alexander 31 минуту назад

    It’s simple . The food is no good

  • @bobbyflores220
    @bobbyflores220 Час назад

    aside from the cost.. these restaurants stopped proving an "Experience" while dining in their establishments. Poorly managed, poor attitudes, quality of food and service..people have options and they chose to dine elsewhere💯

  • @leanneschultz4752
    @leanneschultz4752 3 часа назад

    Just to expensive to eat in a restaurant. I love to eat out, be waited on, dishes & mess left to someone else. But When your food isn’t always the best you decide to stay home. Texas Roadhouse is always busy, good value for families.

  • @Bballing23
    @Bballing23 2 часа назад

    The future of dining is no longer traditional sit-down with hosts and wait staff. That is a dying industry unless it is higher end. The future is casual, quality fast food banquet style. Think Chipotle, Kava etc. and, fast food like McDonalds, Taco Bell will adapt by offering a few more plant based options.

  • @victorfontaine4943
    @victorfontaine4943 4 часа назад +4

    Probably because we have hundreds of different restaurants all with basically the same food and a different color scheme, or a dress code. They might slightly spoof the ingredients to try to seem different.

    • @RickStorni
      @RickStorni 3 часа назад

      and it all tastes the same, horrible

  • @FromG2eminor
    @FromG2eminor 42 минуты назад

    High price, low quality.

  • @rosstocher
    @rosstocher Час назад

    Delivered food, yum. Cardboard packaging. Classy

  • @JamesBond0-0-7
    @JamesBond0-0-7 Час назад

    It would probably help if the CEOs of these companies didn't get 5 million dollar bonuses

  • @jerrybeaver4677
    @jerrybeaver4677 3 часа назад +2

    Shame dinner restaurant are on downward mode real shame they will be gone

  • @rooster5295
    @rooster5295 3 часа назад +2

    Poor quality & pricey