Fast food, slowing down

This is the latest in a series of restaurant businesses failing:

Florida-based Starboard Group sought debt protection for its Wendy’s restaurants. It is the latest in a series of restaurant companies to take that step.

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Like I’ve been saying for a while. The USA is slowly turning into Europe. Higher costs for nearly everything, especially labor … that leads to making certain businesses very difficult to operate at a profit. Cheap fast food is one of them.

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And don’t forget the impact of higher interest rates. Those who must refinance can find themselves in deep water.