The shocking state of the restaurant industry: 'We can't afford to be open. We can't afford to be closed.'
Briefly

After closing Chinatown we realized we still have our lease, we still have our [federal] loans from the SBA, from COVID, the bills are still coming in. We can't even afford to close. We can't afford to be open, we can't afford to be closed.
On a good day, post-pandemic, they would break $2,000 in sales - though Lauren Lemos estimates that they should have been making between $4,000 and $8,000 for their business model to make sense.
The Lemoses' second location of Wax Paper, where heaped sandwiches named for NPR hosts and a small diner-style counter always saw a colorful lunchtime crowd, was hemorrhaging money.
Read at Los Angeles Times
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