How much of this is cost of living, and how much caused by post-pandemic drop in online orders?
And this is just the beginning. Estimates of a two year recession? Not good.
could it be anything to do with the 50k most business got in the form of a loan. Go bust, dont pay it back, open up again. Easy money.
I’m a videographer and all my income is business to business. I noticed in the last 2 weeks alone 6 of the local businesses in my local area – all restaurants and bars – that I follow on Instagram are closing up or have closed.
Some others are going down to a few days a week which just marks the end for those ones. There’s no bouncing back from that.
No available labour, energy through the roof and less disposable money from punters…
No shit?
They were literally been given free money in 2020, failing is a normal function of the economic system. Booms allow innovation, busts sort the wheat from the chaff.
Reality is large number of these business, in normal times, would have failed years ago. I know a cafe that had been around 5 years, it closed down November 2019, if it had hung around 6 more months it could have claimed free money based on previous years revenue even though it had essentially failed. Many did exactly this.
The number of places to eat and drink has long seemed excessive, and with some people eating out several times a week while others can never afford to, a symptom of our ever-growing inequality over the past few decades. Now we can no longer rely on cheap foreign labour willing to come here to learn English and subsidize owners, the balance is changing.
One of my favourite packaging free shops had to close because their landlord increases their rent so much it became utterly unprofitable.
Extortionate rent and energy bills cripple people.
Two of my favourite places have shut shop due to this in my hometown, in their place opened this little towns 12th hair salon and the third costa.
These millennials would rather sit at home eating avocados and staring at those pesky iPhones.
A small price to pay to keep Elenskyy’s cocaine platters supplied.
EDIT: It’s the energy bills that are nailing businesses’ coffins.
The tories want us to all stay at home, and shut the fuck up.
Toriessss, Brexittttt, Recessionnnnn, wooooo, we’ve got what less than half the population voted for!!!!
Very simply, economics is a ponzi scheme made of lots of smaller Ponzi schemes. Of course it is always going to collapse when all the money has been borrowed and fed to the top of the pyramid. It is by design.
Sadly it’s mainly the smaller local businesses – just be big chain outlets left soon
Restaurants are a risky business at the best of times, with many failing in their first year, let alone first three years. A cost of living crisis was only ever going to exacerbate this as treats like eating out are easy to cut back on. It’s sad but the hospitality industry has gone out of the frying pan and into the fire these last few years, only this time there will be no help from the government.
Not like we have a shortage of kebab shops and Italian restaurants
Our town’s high street in the last 10 years exploded with small businesses and endeavors. Italian delicatessan, craft beer, milkshake shop, vegan cakes, chilli grower, toasted sanwich shop, coffee specialist and a Thriving farmers market.
All but disappeared in the last 12 months.
“Fuck business”. Mission accomplished.
Great time to buy second-hand commercial kitchen gear.
The food industry is a very hard one to succeed in. Some just go bust because the food is shit, they are so far up their own arse, some just can’t get enough punters but rent, running on a week to week basis in terms of supply tends to be what causes them to go under. Even Gordon Ramsay has had resturants go under or he shuts them down after a few years because of viablity.
​
Throw the cost of living into it and it makes it an even harder industry to succeed in. Hell, people rather use places like Mcdonalds, KFC then pay £20 for a quality meal that takes up to an hour to be cooked and served.
20 comments
How much of this is cost of living, and how much caused by post-pandemic drop in online orders?
And this is just the beginning. Estimates of a two year recession? Not good.
could it be anything to do with the 50k most business got in the form of a loan. Go bust, dont pay it back, open up again. Easy money.
I’m a videographer and all my income is business to business. I noticed in the last 2 weeks alone 6 of the local businesses in my local area – all restaurants and bars – that I follow on Instagram are closing up or have closed.
Some others are going down to a few days a week which just marks the end for those ones. There’s no bouncing back from that.
No available labour, energy through the roof and less disposable money from punters…
No shit?
They were literally been given free money in 2020, failing is a normal function of the economic system. Booms allow innovation, busts sort the wheat from the chaff.
Reality is large number of these business, in normal times, would have failed years ago. I know a cafe that had been around 5 years, it closed down November 2019, if it had hung around 6 more months it could have claimed free money based on previous years revenue even though it had essentially failed. Many did exactly this.
The number of places to eat and drink has long seemed excessive, and with some people eating out several times a week while others can never afford to, a symptom of our ever-growing inequality over the past few decades. Now we can no longer rely on cheap foreign labour willing to come here to learn English and subsidize owners, the balance is changing.
One of my favourite packaging free shops had to close because their landlord increases their rent so much it became utterly unprofitable.
Extortionate rent and energy bills cripple people.
Two of my favourite places have shut shop due to this in my hometown, in their place opened this little towns 12th hair salon and the third costa.
These millennials would rather sit at home eating avocados and staring at those pesky iPhones.
A small price to pay to keep Elenskyy’s cocaine platters supplied.
EDIT: It’s the energy bills that are nailing businesses’ coffins.
The tories want us to all stay at home, and shut the fuck up.
Toriessss, Brexittttt, Recessionnnnn, wooooo, we’ve got what less than half the population voted for!!!!
Very simply, economics is a ponzi scheme made of lots of smaller Ponzi schemes. Of course it is always going to collapse when all the money has been borrowed and fed to the top of the pyramid. It is by design.
Sadly it’s mainly the smaller local businesses – just be big chain outlets left soon
Restaurants are a risky business at the best of times, with many failing in their first year, let alone first three years. A cost of living crisis was only ever going to exacerbate this as treats like eating out are easy to cut back on. It’s sad but the hospitality industry has gone out of the frying pan and into the fire these last few years, only this time there will be no help from the government.
Not like we have a shortage of kebab shops and Italian restaurants
Our town’s high street in the last 10 years exploded with small businesses and endeavors. Italian delicatessan, craft beer, milkshake shop, vegan cakes, chilli grower, toasted sanwich shop, coffee specialist and a Thriving farmers market.
All but disappeared in the last 12 months.
“Fuck business”. Mission accomplished.
Great time to buy second-hand commercial kitchen gear.
The food industry is a very hard one to succeed in. Some just go bust because the food is shit, they are so far up their own arse, some just can’t get enough punters but rent, running on a week to week basis in terms of supply tends to be what causes them to go under. Even Gordon Ramsay has had resturants go under or he shuts them down after a few years because of viablity.
​
Throw the cost of living into it and it makes it an even harder industry to succeed in. Hell, people rather use places like Mcdonalds, KFC then pay £20 for a quality meal that takes up to an hour to be cooked and served.