And This Is Bad News?

OK, yes, in this economy, I don’t relish any business going under.

But still, I think this might be good for the county’s soul:

A new study by AlixPartners, an international business-advisory firm, suggests that up to 40 percent of the nation’s chain restaurants could be fighting for their very survival within the next 12 months.

The startling study reveals that many chains are taking a beating as a result of a combined one-two punch of fewer diners spending less money and massive debt. AlixPartners’ analysts described the plight of the industry as worrisome, citing low-price, quick-service eateries as the lone bright spot.

Four out of ten chain restaurants may go under in the next year? Does that mean that we can say goodbye to bland and “fun” places like TGI Friday’s and Applebee’s in favor of locally-run restaurants serving ethnic and local cuisine that have some heart?

Can we do away with crap like Buffalo chicken tenders, blossoming onions, and fried cheese spooge?

A guy can dream.

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One response to “And This Is Bad News?

  1. Mixed blessing. While I prefer them, our local restaurants historically weren’t as good for the people who worked in them as the chains are now, speaking as someone who waited tables when they were mostly local and as the mother of a musician who relies on Outback Steakhouse to make his life possible. Of course, after a decade he’s about had it with the road anyway and is beginning to long for a normal life, but Outback kept him going. And, if you 28 hours a week for them you can get health insurance for a very affordable contribution. No independent restaurant back in the day offered that. Maybe some do now. I don’t know. In our neck of the woods about 99.5% of restaurants were Mafia connected and/or financed 30+ years ago, so in a way, they were part of a larger “corporation” but without the benefits for the kitchen and wait staff.

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