In retrospect arguing over the salaries of Michelin star chefs seems almost poignant given that virtually none of them will have jobs in a couple of months

Chimp, you maybe correct it does not distract that my latest post was not with the benefit of hindsight as you suggested. Agreed? As I said I , I articulated this before, when no end, not all said no Michelin star chefs earn 100k plus.

Struggling to care tbh m8.

Ebitda is very keen on reviving old threads. Mostly. Less so when they relate to exclusion clauses.

reviving this thread to prove a point when the hospitality industry is in a coma is, shall we say, a little crass?

Chimp, I can definitely tell mate.

I’m also struggling to comprehend what this means: “As I said I , I articulated this before, when no end, not all said no Michelin star chefs earn 100k plus.”

Did u have a TIA

My mother has had several TIAs and in the immediate aftermath she was much more coherent. I reckon a full blown rum 'n' coke.

Chimp, but you don't care , which is fair enough. So stop posting . 

This is a sort of emotional dawnhandbags

Like Alan Sugar pretends to pay a double glazing rep 100k after they win a pretend competition to pretend to pitch a new brand of fruit juice to a pretend marketing company.

then it turns out none of it was real

its t.v. m8, it ain't all real. Even the news is mostly made up. 

This thread has been an interesting insight into the day-to-day operation of running a pub.  Will see the Bar Manager in a completely different light when I next pop into my local for a quick one ( . . . . . . when it eventually opens that is)

Once again Ebit the fact that one chef earns £100k does not mean that all similar chefs will also earn that.  Without other evidence it’s possible you’ve just identified an outlier in an industry renowned for poor pay.

Sails say that again mate ?

the gilpin is not a pub ebit you absolute whopper

Proving that one chef earns that doesn’t mean they all do.  

Sails I agree not ALL chefs make £100k

What seems to be missing from the several hundred threads about how much staff get paid is that staff are not the only significant expense. Now I am sure most people realise this, but on top of the staff you actually have to buy the food and drink; pay the business rates; pay for power and water (and a non-domestic supply is more expensive); pay for cleaning; pay for insurance.

But the main thing that gets people when they come up with these business ideas is the idea that they can finance it in the same way that they finance a house purchase. If you want to make a profit from owning a pub or restaurant; you need to avoid the trap of needing to buy the pub / restaurant from your day to day takings. So for a £800k property (which is a guess at the price but its not far off as I have plenty of experience in related industries); don't think you can make money if you borrow £600k - particularly if the model is based on paying expensive staff.

Now plenty of people that the cost of the business premises is capital related - and so shouldn't count (and therefore borrowing the money is fine) - but the reality is that nearly all of these business cannot stand on their own two feet in terms of paying a return on capital (or paying the interest on the purchase)  if you buy them outright. Ie, as owner you need a return on your £800k in addition to a return on your labour. 

But for many its a lifestyle choice and the freedoms that comes with being your own boss. But in this sector being more luxury / fine dining does not equate to being more profitable. The food costs are higher, the expectations are higher, the risks are higher. I believe when going into a business like this, it needs to be something you are passionate about - so that some of the labour is "your hobby". If its not, then it can be a recipe for greater unhappiness/ resentment as to the amount of work that is involved. 

Mugs game. Which may explain EBITDA's vehemence

Like F1, if you want to make a small fortune in restos or pubs, start with a large one.

"That’s why you have staff Wang . Lol at me or my cousin not being able to speak English, we are as English as it comes . All said by someone who refers to his children as fooking nippers . What is a bloody nipper ?"

This is too funny. Surely deliberate self-parody?

My brother has a close friend who runs a kebab van just off the A3 at Tolworth

His earnings are £185,000 p/a.

This was a stone cold classic from the archives, guaranteed to tickle the funny bits.