Posted 2/20/2024, 11:52:00 AM
Salt Bae's London Restaurant Rakes in Millions Despite Cost-Cutting Backlash
- Salt Bae's London restaurant made £3.3 million ($4.2 million) in profit last year but has turned off heating to save money
- Restaurant almost doubled expenses to £6.3 million ($7.9 million) in 2022 due to rising costs
- Sales were up 66%, helping owners take £2.8 million ($3.5 million) in dividends
- Restaurant has been criticized for expensive menu items like $850 steak and $11 bottled water
- Many restaurants struggling with rising costs post-COVID, including staff, supply chain, and energy expenses