In Memory of Shezan

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August 25th, 2009 Praveen Bose

It’s been ten days. And, I still can’t get over the fact that the restaurant next door is no more. The floor where the restaurant operated is now just an empty, blank space.

The exorbitant rent was too much for the operator to swallow. The land-lord had been trying to evict the restaurant operator for over an year, and where he did not succeed, the market forces did.

While, earlier, many of the staff working in some of the firms in the neighbourhood would order something to be delivered in their offices, the downturn and the salary cuts had an indirect impact on the business of Shezan. A plain case of the trickle down effect. Here, it was a trickling down of the impact of the salary cuts.

Shezan had been seeing a steady fall in the number of people coming for dine-ins ever since the global slowdown began. When many businesses in and around the restaurant began to down their shutters, the signs looked ominous. But, Shezan seemed to weather the slowdown with dignity if you went by the number of orders they were receiving for food to be delivered.

The restaurant operator (he was a contemporary of mine in college) had once lamented to me, “Now the orders of of much lesser value. It end up making the same efforts to deliver it, but make much lesser money.”
While, a couple of  months ago, a high-end Italian restaurant went down, Shezan seemed to be able to keep its head above water. Alas, while the news reports of the slowdown easing trickles in, the result has not been a proportional trickling down of the wealth creation, if any.
The real estate slump too had a huge impact. Many of the regulars to Shezan were those who made money in the real estate boom. The real estate bust has had a major impact on its revenues.

Bravo! I say to the landlord who managed to speed up the demise of a restaurant. Perhaps it was “mercy killing”.

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