Restaurant Industry lowering their prices to offer customers very good reasons to eat out.
By Steve Adams Finance Writer.
There has never been a better time to eat out. As millions of Americans have cut back on eating out as a way to save money during the Great Recession that was caused by the banks failing and public fear of a recession creating one, the restaurant chains have refused to roll over and die. They have come out with great deals to get you back. Like I wrote about last summer is true, a lot of our problems with the economy stem from fear. The restaurant industry has actually lowered many of their prices in an attempt to get Americans to start eating out again.
Last month, McDonalds offered a Buy one Get one Free Big Mac. This month they are offering a Buy One Get One Free Quarter Pounder with cheese. This is just one of many deals that the chains are offering to get back those customers who have been tightening their belts in more ways than one.
Subway has come out with the $5 dollar foot longs with a different sandwich every month. This month it is the Buffalo Chicken Sandwich. As gas prices continue to rise along with the deficit many Americans are turning to delivery to order their food. This makes sense when you think about the fact that a gallon of gas does now cost more than the delivery charge that most food delivery places charge. Almost every restaurant chain has come out with a deal that would have been unheard of just a couple of years ago.
Domino’s Pizza named pizza chain of the year two years in a row after making strides to improve the quality of their food still continues to offer two medium two topping pizzas for $5.99 each. They also have a deal to get back those customers who have cut down to only eating out on weekends. They offer a Large 3-Topping Pizza for only $7.99 and there really is no limit on how many you order. Actually, every pizza chain and almost every fast food restaurant has specials to encourage you to come and visit their menu. The specials have never been anything like they are now.
The reason why these chains do this is because of their fixed costs. I know it sounds like they couldn’t possibly be making money off these deals. However, all companies do have fixed costs that they have to pay for. When a restaurant has no customers they lose money and specials and deals are the best way to get a customer to come back in or to try them for the first time. The deals that they are offering are designed to get you to come back to them and their never has been a better time to eat out than now. As you are saving money by cashing in on these great deals you are also helping our struggling economy. Our economy has been a service based economy for years. I know that a lot of the manufacturing has been outsourced or done overseas you can see that by looking at the new clothes you bought for your kids for school this year.
School has started and so has the war by the restaurant industry to get you to come back to them. While you are picking up your kids from school, sports, or other school activities why don’t you do yourself and America a favor and go back to your favorite restaurant and remember there is nothing to fear but fear itself. The only true way to get us out of this recession is to do what you enjoy to do and remember these are the best of times. The stock market and the economy are all driven by our beliefs of what tomorrow will be the day we stop fearing the worst is when we will go back to being one of the best economies on the face of this earth.
If your restaurant or small business would like to add your ways of encouraging customers to come back to your business please email me at [email protected] have a way to save Examiner readers money and I’ll include your information and help your business while we all strive to dig ourselves out of this rut. So go ahead America eat out have fun and give yourself and those nice people at your favorite restaurant, bar, or movie theatre what we all need your business. Remember everyone needs to get out and have some fun and to live a little. Have faith in your fellow Americans, the amount of money you spend in your local neighborhood will come back to you one day.