Why Copenhagen is Abolishing Restaurants

I've worked with one of the people that founded NOX here in Denmark and the main issue for bars, restaurants etc. is fixed costs (rent, salaries, electricity, music/TV licensing and so forth) which he estimated averages out to 70-75% of total costs - at least in the major cities. This means that the remaining 25% of costs (alcohol and ingredients for meals, basically) have to generate enough profit to shoulder the "dead" weight of the fixed ones. I put dead in quotes because employees and licenses certainly aren't without value, it's just pretty hard to estimate it compared to spending X on beer + wine and setting a sale value on them. This is also why Covid was so devastating for the industry, since you didn't get to escape your rent which is the biggest single cost by far.

Eh, rent, rent is the number one cause for restaurants folding up, at least in places like HK, which is the most extreme case.

There truly are problems in restaurant industry, a lot of problems. But the idea that it has anything to do with skin color or patriarchy is ridiculous.

So...restaurants are closing because...racism (2:45). Wow

Calling restaurants white supremacy structure makes 99% immediately laugh in your face. This is ridiculous

Noma is not closing, it's just a bs marketing scam. Good luck booking a table for the next year.

You deserve som much more Youtube attention! this is a quality video. Thank you!

Great video! I didn’t know this was a problem. The cooperative system sounds amazing! I would definitely liked to do that

Thank you, Salem! 🙏🏽

This was so interesting, I really loved the co-op restaurant, thanks Salem

Wow this is such a high quality video, thank you and subbed!

This is incredible!

the co op seems happiest

7°C is not cold. Denmark is the tropics of Scandinavia.

Salem thank you for the voice you are in this world. <3

Thank you brother. This helped me so much. I am also going to open a restaurant too.

Spreading this video around as fast as possible I'm sorry the algorithm buried it!!

Noma is closing? 😅 When. They’ve been fake-closing for 3 seasons now 🤡🤦🏼‍♀️

Hope this new philosophy spreads to other countries

I want to visit that co-op restaurant and try everything!