Usually, financial, bubbles current where people think they lease likely will. Through all the lockdown stuff, I've been thinking about how restaurants could potentially be in that bubble phase. Just from how they invariably have to run the business, I think most restaurants only have enough cash on hand to operate for 16 days.
Through the future, do you think we will have less restaurants after all this COVID stuff. Additionally, I don't sports is there yet, but could it get there?
The smart restaurants are switching to a delivery-only model. They are now referred to as "kitchen restaurants" where they make the same food you know but have no retail/eating space. They just ship out orders to drivers who then bring it to you. This was already starting to happen a little before Covid (Chick-Fil-A is supposedly making a huge move into this) and Covid will only accelerate restaurants moving to this model.
Bro, chill. If restaurants crashed and go bankrupt in mass, guess what will happen? Prices will drop and those who want to start a restaurant will build new ones on the ruins. American capitalism is great in that way.
Yes, I understand that. I'm asking though if its a bubble. That would be like saying in 1998 that it doesn't matter if all the internet companies crash it doesn't matter because they will all be back.
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