Results 31 to 40 of 82
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11-15-2012, 02:24 PM #31
There are a few I won't go to, actually. Carl's Jr., Chick Fil-A, and Domino's. Papa John's is moving closer to that list every day.
I don't mind Denny's charging 5%; I'd rather pay a small amount more (and 50 cents on a $10 purchase is small enough) if it means keeping the employees able to keep working.
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11-15-2012, 02:38 PM #32
The real business fact is if you have a restaurant that employees 50 and net only 150K a year...You have already failed in business....If you knew anything of restaurants you would already know that...
I live in Mass were we have had the Mandate for more then 4 years now. I havent heard of one Denny's or other business doing ANY of these measures to avoid health care mandate! that in it self making any point you attempt to make mute.
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11-15-2012, 02:52 PM #33
Hell, no. I'm waiting for him to respond to my PM. I haven't even seen him on here at all since the election. I think that he got confused by the bet. He probably believes that I offered him taxman's bet of leaving the forum for a year since his side lost.Drug and smoke free trading.
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11-15-2012, 02:53 PM #34
exactly, all this is is a political move by someone with sour grapes about the election results and finding an opportunity to try and turn it on Obama when really the owner had many other options of handling the ordeal better.
Denny's across the board the last several years has had 31% or higher gross profit with the last, as of Sept. 30th 2012, being the highest in franchise history. They could have covered health insurance for all of their employees and still had an extremely good profit margin. Instead this owner want to dock workers hours and put a surcharge on patrons bills and try and say 'I have to do this because of Obama
The other fact is that he is the ONLY one that is doing this with his Denny's restaurants. The remainder of the Denny's establishments have not had any problem with the adjustments
http://ycharts.com/companies/DENN/gross_profit_marginLast edited by duwal; 11-15-2012 at 03:00 PM.
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11-15-2012, 02:57 PM #35
He was talking about HIS net as owner I believe.
And PLEASE don't even think of comparing the Federal Mandate to the Mass Mandate.
If the Mass rules were in Obamacare then a business owner with 10 employees would be on the hook $3,000 max if they did not offer insurance. There are a LOT of small companies who do not offer insurance.
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11-15-2012, 03:15 PM #36
Denny's cooperate headquarters needs to put a stop to individual franchises doing this on the grounds that it is bad for the company name. If they dont it will appear that they are taking sides on a hot political issue and that is bad for business no matter who side you are on not to mention running the risk of ailienating 1/2 of your clientel.
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11-15-2012, 03:33 PM #37
mrv, you haven't answered my question. which of the three choices should i make?
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11-15-2012, 03:34 PM #38
I was talking about net profit, not gross profit, which is a relatively meaningless statistic (unless you are in the medical device manufacturing business).
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11-15-2012, 03:46 PM #39
Are you saying that if I am a restaurant owner, I am a failure if I don't make over $150,000 net profit? Does that apply to just restaurants? Why?
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11-15-2012, 03:56 PM #40
That a loaded question but to answer it you must do right buy your business. I'm not sure how doing something to save a couple of dollars in the long run but would cost you 10x more in the long term with decreased employee production and morale not to mention public backlash is a smart business decision.
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