TSX:SRV.UN - Post by User
Post by
Ducky11on Apr 28, 2020 1:17pm
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Post# 30962647
maybe not such a crazy theory
maybe not such a crazy theoryOkay so someday in the future (hopefully soon) restaurants will be allowed to re-open.
The most popular of the restaurants (The Kegs and such) will see all kinds of interest because these are peoples favorites. The problem for them is these restaurants will not be able to run at the same capacity because of social distancing rules so they will have to turn business away.
The other issue will be long line ups, but really who wants to wait a couple of hours to be seated?
So these frustrated consumers will seek out other dining options such as Jack Astors.
Now prior to this virus thing Jack Astors was probably not running anywhere near full capacity and with the social distancing rules, we will no doubt see in the short term for restaurants, will probably mean all restaurants will only run at 50% capacity max.
Long story short same store sales should not take a huge hit for SRV but the same cannot be said for the Keg, their same store sales will be down big.
No all we have to worry about is Jack Astors possible going bankrupt.