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by zeroecco
4055 days ago
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That is simply not true. People eat out more today then ever before in the past 100 years in the USA based on income. http://www.forbes.com/2006/07/19/spending-income-level_cx_lh... Food carts are a perfect example of COGS in action. Coffee places are also an example (SBUX, stumptown, etc). Highly specialized businesses selling items at the best balance of COGS and quality. Food carts and small specialized brick and mortar businnesses are succeeding because their COGS are far lower then your average place. Most resturants fail because of their initial COGS at startup and because their food/service/merketing research generally sucks for where they are. Remove the service aspect, specialize, reduce cogs, make a living wage. |
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