Doom and gloom Canada newscasts say 4000 will close in 2026 on top of the 7000 that closed in 2025. I don't know how many new starts there were last year or the forecast for 2026. Net gain or loss year to year.
Cold start up restaurants are brutally expensive and many fail. If a second owner can take over the place they might do better if they can take advantage of all the hard renos and services being done.
Food costs are up as are wages and rents.
I went for bacon and eggs at a nearby diner the other day and the usual came to about $17.50 with tax. The tip used up the rest of the $20 I left. Before Covid it was half that.
A recent very good expense account lunch for two was close to $150 with T&T.
Fast food combos are in the $12 to $15 range out the door. Ethnic places seem to have better value.
Quality at some places is going downhill.
The two of us are leaning more towards the extremes, skipping the mid range diners and either go cheap most of the time and high end occasionally. The middle of the road seems boring for the value.
Cold start up restaurants are brutally expensive and many fail. If a second owner can take over the place they might do better if they can take advantage of all the hard renos and services being done.
Food costs are up as are wages and rents.
I went for bacon and eggs at a nearby diner the other day and the usual came to about $17.50 with tax. The tip used up the rest of the $20 I left. Before Covid it was half that.
A recent very good expense account lunch for two was close to $150 with T&T.
Fast food combos are in the $12 to $15 range out the door. Ethnic places seem to have better value.
Quality at some places is going downhill.
The two of us are leaning more towards the extremes, skipping the mid range diners and either go cheap most of the time and high end occasionally. The middle of the road seems boring for the value.
