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To: thomasryan

“At the NRA Show in May, for instance, Hudson Riehle, head of the research and knowledge group at the National Restaurant Association, noted that restaurants average $84,000 in sales per worker. By comparison, grocery stores average $304,000. And gas stations average $855,000.”

Well, that’s interesting. A clever bit of sophistry; but, interesting.

The models don’t support direct comparisons. The true measure is GROSS MARGIN per worker. The gross margins in the restaurant business are notably higher (as a percent of sales revenue) than in grocery or gasoline.


19 posted on 08/11/2015 5:59:10 PM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2017; I pray we make it that long.)
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To: PubliusMM
The true measure is GROSS MARGIN per worker. The gross margins in the restaurant business are notably higher (as a percent of sales revenue) than in grocery or gasoline.

Bingo. What's a half million in sales if the profit is only 10K?

103 posted on 08/11/2015 8:42:51 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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