How Much Money....

Is in the pizza biz??  watched an episode of "Undercover Boss" for Donatos Pizza and in the end, over $100,000 was given to 3 employees above their normal yearly pay. My only thought was , WOW  .

I'm going to say NOT in this instance, they showed the residence of the "heiress" of the pizza company, she was a poster child for "high maintenance" and the #'s thrown out to "update" the cash/ordering computers was CRAZY . 

Local Shop makes Handmade pizza and pastas I actually asked what profit line was, only 6-9%, owner said worked for a chain company where had to buy a franchise, made less than 5% profit the rest went to the Parent Company in that they supplied bulk materials to maintain consistency and could buy at a 1/3 to 1/2 LESS expense than he does in a private specialty shop.

Seems Pizza Hut now is having to liquidate a lot of stores , change business model on others and other financial problems with parent company . 
 It might have been a good run for a while but like many businesses the present times is making may fold - Golden Corral is part of that group and a couple others and they are all suffering  

Food service industry here is and has been in trouble since the later Boomers began reaching retirement age.  Lack of ethics, lack of desire to even have ethics the base idea they are 'Owed' jobs at higher wages regardless experience by Millennials is killing our service sector employ in a town specializing in vacationers, weekenders,  and service sector supplies for those.  Are fast losing Cleaning staffs for support business, losing waiters and waitress, inability to derive sub managers for multiple function shops(IE Winery/Restaurant/B&B or full Hotel/Venue facilities).  Gas stations have permanent or semi permanent help wanted signage as hire these kids(Up to thirty somethings) they become overwhelmed when more than one patron gets in line, get frustrated as to be overloaded and quit, ride the UI line til runs out.  This story pays out every city in the US.

Yeah....5%.....explains why my company pegs "profit sharing" an anything over 7% is shared. At that, the entire company has to do that well, regardless of how well our location does. Rarely amounts to more than a couple hundred bucks every few years.   Oh well, it is "free" unplanned for money and better than a poke in the eye.

jaybmiller wrote: One thing to remember about the Undercover Boss   'handouts of money' , is that 100% is tax deductable, so it lowers their 'bottom line' and what they have to pay Uncle Sam at tax time. We've got slimey businessmen who buy rundown properties to 'offset' their 'pretty profitable' properties, again to reduce taxes paid. Up here biggest expenses would be staff and gas, ingredients are cheap... When I was selling computers( mid 70s)  about 3% profit margin.. Jay

 

DiyDave wrote: Korann wrote: It sounds like a giant trap... Is it worth it? If you weigh money and all incoming finances, I would prefer to consult a financial advisor. I'll explain why. Last year I felt the sharp bitterness of the global crisis that gripped many companies. That's when I needed more help from an experienced professional who has been in this business for a long time and knows effective ways to get out of it. This financial advisor helped me a lot to learn how the system works and how to get out of difficulties like the one I was in last year Anyone else spot the SPAM post?  Look at the post count of the poster, 9, in this instance. Look at the date of the OP, older post. Look at the included link in the post, don't click on it. REPORT SPAM POSTS!

Yep.