The short answer is that more restaurants will close, unfortunately. It's extremely difficult.
Thank you very much for listening and taking notes about the numbers, because they are really important.
When I say that now, following COVID, the pre-tax profit margin is between 2% and 3%.... Today I was on the phone with a gentleman who owns several restaurants. He said, “I make my sales numbers every year. I make $30 million, but do you know what? At the end of the year, I make 1%.” It's not 2%. It's not 3%. It's 1%.
Every dollar counts. Every cent counts. Alcohol is where we make a bit more money. It is where our margins are a bit higher.
At the end of the day, an increase to 6.3% is absolutely terrible, because it will be the difference between making a couple of dollars at the end of the night and just breaking even, or losing money.