![]() Of course, that will require a series of changes such as reduced menu, more focus on delivery services, lower rents and reduced workforce," says Aggarwal.īut renegotiations are not going to be easy as a large number of restaurants have stopped paying rents despite landlords raising full or partial bills. "I will be happy if I can break even at the outlet level in six-eight months. Lite Bite Foods' Aggarwal says the practice of fixed rentals has to be suspended for some time and the industry has to work on a revenue-sharing model. As nearly 90 per cent restaurants in the country operate on premises taken on lease, and given that it's the second-biggest expense at the outlet level, most owners will negotiate a lower rent with landlords. However, the owners are making plans to minimise costs after they restart. "If there's no government support, 30-40 per cent restaurants may not be able to reopen," he says. Singh, MD, Olive Bar & Kitchen, says the impact of the pandemic is so huge that many restaurants will just fold up, especially in the unorganised segment. "It's early to say this but at least 15 per cent of my restaurants will never reopen," says Priyank Sukhija, CEO and MD, First Fiddle Restaurants. Others will likely report losses, shut shop or shrink their presence. Big players like Jubilant FoodWorks (which operates Domino's Pizza, Dunkin' Donuts and some other brands), which had reserves and surplus of Rs 1,192 crore as on March 2019, might survive. Typically, restaurant ch-ains operate at 5 per cent EBITDA (earnings before interest, taxes, depreciation and amortisation) margins, which are extremely low to weather a crisis of this magnitude. ![]() While estimates vary, most industry players are expecting revenues to fall by 50-70 per cent year-on-year for six-nine months after they resume operations. ![]() As per some estimates, most restaurants in India have a cash buffer of 15 days, which they exhausted long ago. Restaurants are a long-gestation business where corporate-level profits are low," says Rohit Aggarwal, Director, Lite Bite Foods. A.Revenues of Lite Bite Foods have fallen sharply, yet the chain has been paying full salaries to its 3,300-strong workforce. The restaurant offers both prawns with wine and tartlets with beer for lunch, and an exclusive three-course menu or community menu, which consists of 9 sharing-friendly dishes every evening.īook your table at your food options here: Try the full-scale restaurant experience, where you have the opportunity to step back from the swirling, rocking festival and eat a good meal with a knife and fork. In addition, you can also revisit well-known festival classics such as pizza, burger, falafel, shawarma, fries, roast pork sandwiches, hot dogs and much more.Īgain this year, one of Odense’s very best restaurants, Restaurant Fynboen, will be found on the festival site. Here you will also find a detailed description of each stall, including which dishes they offer and which stalls offer gluten-free, vegetarian and vegan dishes.Īmong the newcomers, we can introduce Copenhagen’s Depanneur, who brings their homemade, grilled sourdough bagels, which are filled with delicious homemade toppings, as well as the Jamaican Kingston Cantina, who offers the taste buds a culinary experience with the national dish “Jerk Chicken”. Very soon the stalls will also be available in the official TB23 app. Dive into the long and varied list of food stalls below. ![]() We are happy that we can now present this year’s food stalls at Tinderbox. Fortunately, there is plenty of food to be found, whether you fancy a burger, a culinary experience or something for your sweet tooth. Imagine this: You are standing by the red stage, with a beer in hand while listening to good music, but you’re starting to get hungry.
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