Minimum wage increase Doug Ford announced a minimum wage increase yesterday effective Jan 1. A huge part of it was eliminating the server wage "discount" this will put extreme pressure on already struggling restaurants including SIR.
Now this is two sided, on the one side we need the parent company solvent to continue to pay royalties. The second side though is that the only real response to this will be to raise menu prices. It also puts more money into the pockets of restaurant employees, who, from personal experience spend the highest percentage of their incomes in restaurants and bars.
since we take our cut off the top line sales, as long as SIR remains solvent (likely) we will be able to drive more top line sales, and therefore the royalties that we receive.
I sure am glad to be kn the side that earns off the top line than the one that earns off the bottom though lol.