Closed on Mondays – Good or Bad?
In this economy – what is better?
Some businesses have long had operating hours which entailed being closed on Sunday or Monday (or both – such as many Italian establishments).
Lately – I’ve noticed some businesses that were normally open on Mondays – now being closed. My guess is that they did some analysis of the sales revenue on those days vs. the overhead – and decided that it would be financially beneficial to close on Mondays rather than staying open.
Frankly, if I were the owner of said establishments – considering the lower revenue – I’d work exclusively by myself. Zero overhead except for electricity. I know having employees is a bit of a problem if sales are pathetic – but why not just work yourself? ANY revenue you’d get would be positive if you had no staff to pay. And if traffic is so low – you should be able to manage alone.
The reason I post this is because I’ve received emails from several readers who were disappointed that both places were closed on Monday. They ended up giving their money to other establishments that were open, instead of these relatively new ones.
What would you do if you owned a business in Hoboken? Are you a business owner in town? How do you decide what hours to have? What is the “break even” point? Do you fear losing customers because of limited hours?