Because they were also just recently bought by Jobee.
I remembered my first week in training they were still mentioning about Mang Inasal as a big threat because they were fast on the chase at no. 3 in the country. After the second week they announced that MI was no longer a threat, they were already gobbled up by the company. That's what you call... eliminating the competition.
@BB- but how can you run a business and keep your current job? One will always outweigh the other. Then again, it's your decision. If you think that one year's worth of savings (minus tax, utilities, subsistence, and misc spending) is enough, then so be it. I just wanted to make sure that you don't underestimate the industry and overestimate your income.
@Hunt- They don't really care about that, all they care about is making revenue. People will still come, even if the standards are dropped, just because of brand loyalty and recognition.
Now if Caktiong and Sy were to join forces...oh man...
oi, Rurouni Kenshin is getting an anime AND a drama?
tissueboy, of course I'd quit to run the business. And of course based on my minimum wage I wouldn't be relying on my salary to get capital for the business... I never underestimated the industry as I am very well in the middle of it.
I'm getting my capital from somewhere else, if you know what I mean. However, said source of capital has advised me to be patient, and I think it's all for the best and such wisdom has been bestowed on me.
PS: I'm drinking aloe vera juice. It's surprisingly... yummy!
Wow so much discussion...and here I was thinking this wouldnt last. D:
You know all those restaurant from hell shows kinda put me off the restaurant idea. Seems like a hell of a lot of trouble with very little return. Although I have a bangladeshi friend of mine, who's dad is a millionaire now after building a couple of very well run curry houses. He rode the curry boom and now is just living the life (its actually a nice story, he had not much capital when he came and just built his way up with hard work).
That shit only works here and in the indian subcontinent i suppose.
His strategy was smart though. He first built the restaurant to cater for immigrants. The prices were cheap but he got a lot of business. Then began building more in the upmarket areas and raised the prices. Money started rolling in. In his words, " a white guy will pay a lot for a curry and not complain, while an indian will want it for the cheapest price possible and still complain its too expensive". xD