We will probably close the restaurant anyway. I hate to do this so soon (we've only been open 100 days or so) but we are nowhere near where we need to be in terms of sales. Last week I told my business partner that if all we needed to do was grow sales by 20-30%, I would look at this as a challenge we could tackle. Instead, we need to triple our sales just to break even and pay ourselves a very modest salary. There's no way we can triple our sales, and even if we did I would still only be earning $500 a week.
In more positive news I am making steady progress at paying down my debt. All my tenants have stayed current on their rent for several months which really stabilizes my cash flow. More on this when I post my monthly financial update.
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