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APOCALYPSEFUCK is Shostakovich says

You could enjoy the Macaroni Grill experience for a relative discount by asking a homeless guy to take a shit on your face. Anyone here actually been to one?

Granted, its not gourmet, but better than being enbalmed by mcdonalds!

SFace says

Sales 200,000
GM 140,000 70% GM
Rent 40,000 20% rent
OpEx 70,000
35%

Profit 30,000 15%

I guess that would explain why REIT funds have been on a tear - in your example rent is almost 25% of total expenses including cost of goods sold and OpEx, so it's safe to say that any particular entree has at least 25% baked into the price due to "rent."

dublin hillz says

Granted, its not gourmet, but better than being enbalmed by mcdonalds!

In Silicon Valley you can get tacos made with real steak (although I often prefer my cow in cabeza form) for $1.25 each making a $3.75 meal or a killer Vietnamese deli sandwich for $3.75 or $4.25 with fried egg.

Although better tasting than what you get at sit-down chain restaurants that's less expensive than Subway and not out of line with the $4.20 Big Macs average in the United States. Both options take less time than waiting in a fast food line during the lunch hour rush thus providing the lunch holy trinity of tasty, fast, and inexpensive.

That said I don't know why so many locals eat at chains during the day.

After midnight there may not be other options you don't have to cook yourself. On a spontaneous road trip you might take whatever you can find. Having months or years to find better choices there's no excuse.

How does that $40,000 month figure compare to, say, a standalone fast food place rent?

This is another example of how we're heading towards a new feudal economic system, especially in California where some multi-generational estates are still paying a 1978 tax basis on their land.
The real insanity is the leverage it gives these idiots during lease negotiations; it allows them to play a game of chicken (jack up the rents exorbitantly) without real consequences. If the restaurant decides not to renew, the owners can afford to keep the place empty with the below market tax basis.

here in sf's northbeach, famous ceasar’s closed down after 30 years business cause the landlord raised the rent to 40k a month. many people lost their jobs and san francisco lost a landmark family style, family owned restaurant, the likes of which we will never see again.

long live property owner’s rights!

APOCALYPSEFUCK is Shostakovich says

You could enjoy the Macaroni Grill experience for a relative discount by asking a homeless guy to take a shit on your face. Anyone here actually been to one?

Yep. Overpriced shit. I mean, it's not horrible, but nothing special about it at all. I asked the waiter to bring some garlic, and he brought processed garlic out of a can.

I agree with Drew. I'd rather have a kick-ass burrito from the taco truck.

APOCALYPSEFUCK is Shostakovich says

You could enjoy the Macaroni Grill experience for a relative discount by asking a homeless guy to take a shit on your face. Anyone here actually been to one?

Damn, what do you think of Chick-fil-A?

I doubt that it was the same Landlord for 56 years. Maybe a new gut just bought it and has other plans for the building (unless the current tenant pays a beautiful half Million in rent per year).

Renting sucks I guess. If purchased with 15 year fixed Mortgage would have paid off 41 years ago.... and he could have decently retired now collecting $40k from the next guy....

EBGuy says

The real insanity is the leverage it gives these idiots during lease negotiations; it allows them to play a game of chicken (jack up the rents exorbitantly) without real consequences. If the restaurant decides not to renew, the owners can afford to keep the place empty with the below market tax basis.

Pretty much. That's what happened with the original Chevy's in Alameda. Chevy's is pretty whatever, but that place was PACKED always. Landlord decided to raise the rent a ton and nobody's been in the building since 07.

Homeboy says

I mean, it's not horrible, but nothing special about it at all.

No, Macaroni Grill is bad.

Maybe not compared to Applebees, but compared to any food expected fit for human consumption it's pretty horrible.

Homeboy says

I asked the waiter to bring some garlic, and he brought processed garlic out of a

donjumpsuit says

Something tells me those restaurant and property owners are stepping pretty heavy on the necks of the city officials to make it tough on those food trucks.

Common sense tells me that restaurant owners are stepping pretty heavy on the necks of the city officials to make it tough on those food trucks. That and various news articles:

To protect restaurants, D.C. may curb food trucks
http://washingtonexaminer.com/tim-carney-to-protect-restaurants-d.c.-may-curb-food-trucks/article/2525837

Food Truck and Restaurant Associations Respond to New Proposed Food Truck Regulations
http://www.washingtoncitypaper.com/blogs/youngandhungry/2013/03/11/food-truck-and-restaurant-associations-respond-to-new-proposed-food-truck-regulations/

coriacci1 says

CashWillCrash says

(unless the current tenant pays a beautiful half Million in rent per year

the place is still empty.

Perhaps they are garden-variety Scooby Doo villain, minus the ghost costume. Just want to sell the land or tear down and rebuild, and evicting via rent-jack was the means to an end.

Vicente says

Perhaps they are garden-variety Scooby Doo villain, minus the ghost costume. Just want to sell the land or tear down and rebuild, and evicting via rent-jack was the means to an end.

That's always a possibility. The OP doesn't state a link and we have no idea how lone they have been paying $40,000/month, and if it just got jacked what was the previous rent?

at ceasar’s they were paying 10k before the hike.