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Bobajobbob

Sandwich Empire In Trouble

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Just another illustration of the crunch in action a certain independent sandwich chain has been hit by the contraction of credit. Expanding over the past few years with money freely lent they are now struggling to renew finance as the previously freely available funds are no longer there.

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Just another illustration of the crunch in action a certain independent sandwich chain has been hit by the contraction of credit. Expanding over the past few years with money freely lent they are now struggling to renew finance as the previously freely available funds are no longer there.

They might well be hit a bit more when people realise that buying a £2.50 sandwich every working day = £50 a month = around £500 a year, and start making their sarnies at home.

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interesting.

in the last recession, pret a manger established themselvces and grew from nothing, they were the success story (or one of them) of a depressed era. Reason being, or so it has been suggested, that people stopped eating out at cafes etc and started working thru lunch having a cheaper sandwich during a recession.

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This is the beginnings of Credit Crunch Part II. It wasn't just consumers who borrowed heavily. :rolleyes:

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They might well be hit a bit more when people realise that buying a £2.50 sandwich every working day = £50 a month = around £500 a year, and start making their sarnies at home.

Interesting that you estimated the cost at £500 a year. Having lived in the US recently I read an article that suggested that if you 'brown bag' your lunch you will save $2000 a year and a sandwich and cup of coffee is half the price there!

I think its the cup of coffee for £2 a cup where the profit is made or am I wrong?

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Interesting that you estimated the cost at £500 a year. Having lived in the US recently I read an article that suggested that if you 'brown bag' your lunch you will save $2000 a year and a sandwich and cup of coffee is half the price there!

I think its the cup of coffee for £2 a cup where the profit is made or am I wrong?

I was pricing only for one sandwich. By the time you add on the statutory latte (maybe x 2), statutory bottle of water, packet of crisps, Mars Bar, apple, or whatever, I guess a lot of people are easily spending £15 a day easily.

Once had to spell all this out to a daughter wondering why she couldn't save anything to go travelling.

Being flat broke in Oz sorted her out, though. :P

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I was pricing only for one sandwich. By the time you add on the statutory latte (maybe x 2), statutory bottle of water, packet of crisps, Mars Bar, apple, or whatever, I guess a lot of people are easily spending £15 a day easily.

Once had to spell all this out to a daughter wondering why she couldn't save anything to go travelling.

Being flat broke in Oz sorted her out, though. :P

I know, I cannot help but be amazed at how much people spend on this sort of rubbish. Friend who earns under 20k, lives in country, has 4x4 (needs it, but it drinks), and £2.50 for a fruit salad; £2.50 for a sandwich; £1.50 for a coffee. And £1.50 for a coffee, and 75p for a treat for the dog... that's 15% of her salary gone on rubbish.

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I know, I cannot help but be amazed at how much people spend on this sort of rubbish. Friend who earns under 20k, lives in country, has 4x4 (needs it, but it drinks), and £2.50 for a fruit salad; £2.50 for a sandwich; £1.50 for a coffee. And £1.50 for a coffee, and 75p for a treat for the dog... that's 15% of her salary gone on rubbish.

Tell her to buy a packet of Asda's cocktail sausages - umpteen treats for about £1.20.

We always take a packet to friends with 2 mutts - we're extremely popular with the mutts, I can tell you. :P

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They might well be hit a bit more when people realise that buying a £2.50 sandwich every working day = £50 a month = around £500 a year, and start making their sarnies at home.

Started a new contract a few weeks ago. My normal lunch is two sarnies and a fruit juice. Day one on job, got lunch, was raped for £6.50! Been making my own sarnies ever since, and just took a bottle of orange cordial to the office as the water to add to it is free and it'll last me weeks.

Nomadd

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Some say that a recession is good time to start a business. But that probably means at the bottom of a recession, not when it's just starting.

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I know, I cannot help but be amazed at how much people spend on this sort of rubbish. Friend who earns under 20k, lives in country, has 4x4 (needs it, but it drinks), and £2.50 for a fruit salad; £2.50 for a sandwich; £1.50 for a coffee. And £1.50 for a coffee, and 75p for a treat for the dog... that's 15% of her salary gone on rubbish.

I assume she live with parents, or has paid off her mortgage. Spending that kind of £££ on grub + coffee and running a 4x4 won`t leave much to pay the bills.

During "the boom" I was reasonably careful. Now things are getting more expensive, and work is getting a tad quiet, I`m finding it easy to cut back a bit. I paid off a fair bit of the mortgage when things were good, I saved a fair bit too. I`m enjoying being a bit more frugal, it`s strangely entertaining !

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  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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