Posted on 01/09/2024 8:03:54 AM PST by Twotone
Inflation, a driving force behind many of the challenges businesses face today, has caused one restaurant owner to charge nearly $16 for a BLT sandwich due to rising costs.
Will Restaurants Investment Group founder and CEO Brian Will broke down his monthly expenses during an appearance on “Varney & Co.” after a friend confronted him about the price of his $16 BLT sandwich.
The wholesale cost for the popular sandwich is only $5 according to Will, but the need to cover operational expenses is what caused the meal that was once $12.99 three years ago, to become $15.99 today.
Will detailed his monthly expenses, sharing insight on the business side of running a restaurant and justifying the rising price of meals.
Will spends $20,000 a month on renting a space that houses one of his restaurants in a “new mixed-use development,” arguing it “costs a lot” given the location.
“My utilities [are] $6,000 a month. My labor in December [was] $60,000, which means I’ve got $86,000 of base cost the day I open the doors on January 1,” Will explained.
“You figure in a 32% food cost. I have $11 of gross profit in that sandwich. You take all my costs divided by $11 of gross profit, and I [have] to sell 93,000 sandwiches just to get to zero before I can make any money,” he continued.
(Excerpt) Read more at nypost.com ...
Get out of NYC or shut up.
L
Why?
He’s not the one complaining. He’s the one EPLAINING to his idiot liberal customers the consequences of their leftist voting habits.
The higher the prices go, the less he will sell, his income will drop and soon he will go out of business. His products are not absolutely necessary or irreplaceable. That is how inflation destroys an economy. The Biden cabal that wants to destroy the American nation knows exactly what it is doing.
The Biden cabal that wants to destroy the American nation knows exactly what it is doing.
Build Back Better, means destroying everthing first. And Joe is good at destroying things.
I bought a baguette at a farmers market and they added 15% more as an employee wellness fee.
The “journalist” who wrote the story failed to tell us the location of the restaurant. From what I can tell it looks like it’s Atlanta, not New York City, but who knows?
So, we're talking about a meal, not a "sandwich." Does the writer understand that there is a difference?
Why?
“He’s not the one complaining. He’s the one EPLAINING to his idiot liberal customers the consequences of their leftist voting habits.”
Like Lurker said, get out of NY. The guy is just as stupid if not stupider than his liberal customers. Why? Because he should know by now that a liberal isn’t going to change.
“I bought a baguette at a farmers market and they added 15% more as an employee wellness fee.”
You should have declined the purchase and told them the employees will be just fine without any revenue at all.
Central City Tavern in Atlanta is my guess.
Brian will owner.🤔
His math is off, but the point is made. He would have to sell 7818 sandwiches to break even.
That’s 300 sandwiches per hour for a 10 hour day.
Something seems to be missing from that equation…
Northern Calif. Safeway. Ham is $87/lb. Chicken pieces 99 cents. Digital coupon required. Ends today.
I cook my own food now. More fun. More control.
Simple answer...it’s not the cost of the materials, it’s the overhead of doing business.
Why not cut all wages by 50%?
“Get out of NYC or shut up.”
Georgia
Sheesh- I used to eat at resteraunt local and have same sandwich and soda every day, so I never looked at prices, and was zlways given a bill for $6- this went on for years- the owner never said a word, and I never thought to check- eventual,y the resteraunt sold to new owners, and I looked at their new menus, and lo and behold, the price for the same 2 items was nearly double.
The previous owner never mentioned to me that prices had climbed so high, and like a dummy, I never thought to ask. She was taking a hit on what she could have been getting- i,should have figured that prices had skyrocketed under oblama- She however is a very generous woman, and wouldn’t let me pay more for the hit she had taken on my account. I tried to make up some for it by supplying rhubarb for her pies for the resteraunt, which she hzppily accepted, but it was nowhere near what I had cost her. I was just shocked at how prices had climbed so fast- (they really climbed after gas hit a whopping $4.59 a gallon under oblama)
““You figure in a 32% food cost. I have $11 of gross profit in that sandwich. You take all my costs divided by $11 of gross profit, and I [have] to sell 93,000 sandwiches just to get to zero before I can make any money,” he continued.”
That omits his drink profits!
That’s some pricey ham. Iberico?
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