Denny's to impose 5% Obamacare surcharge

[sigurros81]

My friend operates a fairly successful BBQ restaurant. A good day is $1500 in sales and a good weekend is $5000 in sales if he works his ass off with several catering gigs. It's damn hard to imagine a restaurant making $200k profit a weekend. Sales? Possibly. Profit? I call shens.

Do I need to do the math for you? Either you're pulling these numbers out of your ass, which I would not be surprised as it woudn't be your first time, or your friend is running a shitty business.

Say, a BBQ plate costs $10 (and I'm being generous to your idiocy), not counting drinks purchased, that's 150 customers. You say your imaginary friend only get 150 customers in per day? What a shitty BBQ joint.

Second, a lot of the clients we do marketing for at my agency serves liquor. Wine and spirits make up a large chunk of profit for restaurants, and people always drink, regardless of economy. When you add all that up, 200k weekend profits is a pretty conservative number. Now sit down and shut the fuck up already, and please stop pulling shit out of your ass. Or at least if you do, come up with some shit that is believable and make sure the numbers add up.

 

[HamburgerBoy]

Deny's net profit for 2011 was 112.9 MILLION. That's over 2 million profit per week. That's almost 300k profit PER DAY.

sigurros81 specifically said a "chained" restaurant.

Leave, you moron, you fvcking imbecile.

That's for 1600 (per Wiki) restaurants. $112,900,000/1600 = ~$70,500 per restaurant, per year.

 

[shadow9d9]

Where was the liberal outrage when San Franscisco restaurants did this!!!???

IF you don't agree with me, you must be "liberal"! There is no liberal presence in this country. Get over it. No one can prove something that only exists in your mind.

 

[jackstar7]

Do I need to do the math for you? Either you're pulling these numbers out of your ass, which I would not be surprised as it woudn't be your first time, or your friend is running a shitty business.

Say, a BBQ plate costs $10 (and I'm being generous to your idiocy), not counting drinks purchased, that's 150 customers. You say your imaginary friend only get 150 customers in per day? What a shitty BBQ joint.

Second, a lot of the clients we do marketing for at my agency serves liquor. Wine and spirits make up a large chunk of profit for restaurants, and people always drink, regardless of economy. When you add all that up, 200k weekend profits is a pretty conservative number. Now sit down and shut the fuck up already, and please stop pulling shit out of your ass. Or at least if you do, come up with some shit that is believable and make sure the numbers add up.

Okay, you're the one who is bad at math here. Profit is what is made AFTER expenses. So while the place might serve X customers at $10/per, that doesn't account for what it costs in supplies, labor, etc.

You're talking just about revenue. They're talking about profit.

And you should probably take a minute to calm down because it seems pretty clear this is pushing your buttons.

 

[Jmman]

I was an executive at one of the largest restaurant chains in the world, and there is not a single outlet restaurant in the world that pulls down 200K profit in a weekend, or even in a week. Someone needs to put the bong down.......

 

[shira]

That's for 1600 (per Wiki) restaurants. $112,900,000/1600 = ~$70,500 per restaurant, per year.

Of course. I was interpreting "chained restaurant" to mean the entire chain of restaurants, not individual restaurants in the chain.

 

[Incorruptible]

So is obama going to back off knowing that people are paying higher prices or at risk of losing jobs, No he only cares about ideology

 

[sigurros81]

Okay, you're the one who is bad at math here. Profit is what is made AFTER expenses. So while the place might serve X customers at $10/per, that doesn't account for what it costs in supplies, labor, etc.

You're talking just about revenue. They're talking about profit.

And you should probably take a minute to calm down because it seems pretty clear this is pushing your buttons.

I've established in the beginning that I'm talking about gross profit.

 

[Jmman]

Do I need to do the math for you? Either you're pulling these numbers out of your ass, which I would not be surprised as it woudn't be your first time, or your friend is running a shitty business.

Say, a BBQ plate costs $10 (and I'm being generous to your idiocy), not counting drinks purchased, that's 150 customers. You say your imaginary friend only get 150 customers in per day? What a shitty BBQ joint.

Second, a lot of the clients we do marketing for at my agency serves liquor. Wine and spirits make up a large chunk of profit for restaurants, and people always drink, regardless of economy. When you add all that up, 200k weekend profits is a pretty conservative number. Now sit down and shut the fuck up already, and please stop pulling shit out of your ass. Or at least if you do, come up with some shit that is believable and make sure the numbers add up.

A monster restaurant, and I mean high volume, might do 20-25 million in yearly sales. Look at these profit margins and you tell me how they are making 200K profit in a weekend. I will admit that the margins referenced in this article are on the lowside given that high of volume, but your numbers are way off.....

http://smallbusiness.chron.com/average-profit-margin-restaurant-13477.html

 

[jackstar7]

I've established in the beginning that I'm talking about gross profit.

I'm just explaining where the breakdown was happening.

 

[sigurros81]

A monster restaurant, and I mean high volume, might do 20-25 million in yearly sales. Look at these profit margins and you tell me how they are making 200K profit in a weekend. I will admit that the margins referenced in this article are on the lowside given that high of volume, but your numbers are way off.....

http://smallbusiness.chron.com/average-profit-margin-restaurant-13477.html

What part of that article contradicts my numbers exactly? Please don't pull some random article from google just for shits and giggles.

 

[HamburgerBoy]

Of course. I was interpreting "chained restaurant" to mean the entire chain of restaurants, not individual restaurants in the chain.

That's beside the point of the original claim that started this argument.

http://forums.anandtech.com/showpost.php?p=34247557&postcount=144

I've established in the beginning that I'm talking about gross profit.

waterjug, who you were replying to (and whose words you explicitly bolded) said "their restaurants don't net that much in profit per year."

 

[sigurros81]

I'm just explaining where the breakdown was happening.

Or you're just repeating what is already established

 

[Jmman]

What part of that article contradicts my numbers exactly? Please don't pull some random article from google just for shits and giggles.

You're not a math whiz, are you? Lets says a super high volume restaurant does 25 million a year in sales. There are very, very few of those around, but I will give you the benefit of the doubt. That breaks down to 480K in sales a week. That article, based upon NRA numbers, shows the profit margin at 1.8 to 3.5 percent. I think with that high of volume you might get much higher than that, maybe 10%. That works out to 48K profit a week. Now how does that correlate to 200K profit in a weekend?

By the way, those NRA stats show that restaurants that have average checks over $25, a necessity to hit those sales numbers, have an average profit margin of 1.8%. That works out to $8640 a week in profit. Pretty far from $200K a weekend.....

 

[Doc Savage Fan]

Do I need to do the math for you? Either you're pulling these numbers out of your ass, which I would not be surprised as it woudn't be your first time, or your friend is running a shitty business.

Say, a BBQ plate costs $10 (and I'm being generous to your idiocy), not counting drinks purchased, that's 150 customers. You say your imaginary friend only get 150 customers in per day? What a shitty BBQ joint.

Second, a lot of the clients we do marketing for at my agency serves liquor. Wine and spirits make up a large chunk of profit for restaurants, and people always drink, regardless of economy. When you add all that up, 200k weekend profits is a pretty conservative number. Now sit down and shut the fuck up already, and please stop pulling shit out of your ass. Or at least if you do, come up with some shit that is believable and make sure the numbers add up.

By all means...let's do a little math. Outback Steakhouse is successful restaurant chain that serves alcohol and should be a fair representation of the facts. In 2005, Outback had 1,206 system-wide restaurants. I used 3 month numbers from their 1st quarter 10Q from 2005. Gross sales and profits are shown below:

1Q 2005 Revenues $ 895,122,000 (page 4)
1Q 2005 Net Income $ 50,958,000 (page 4)
1,206 system-wide restaurants (page 24)

These equates to $742,224 average sales and $42,254 average profit per restaurant over a 3 month period. You sir are completely full of shit with your $200,000 of profit per weekend bullshit. Congratulations, you now have zero credibility. Please stop your pathetic lying.

http://www.getfilings.com/o0000874691-05-000091.html

 

[Nemesis 1]

Leave, loser. You gave it your best shot in the run-up to the election, and proved that you opinions aren't worth shit.

Just leave now.

Nothing has been proven as of yet . WE shall see who cries loudest at the end

 

[DietDrThunder]

Papa Johns: Off the list
Dennys: Off the list

any more?

I'll vote with my money.

Add Olive Garden to your list, they announced sometime in the past two weeks that they would reduce workers hours to under 30 per week in order to avoid the costs of Obamacare.

 

[sigurros81]

You're not a math whiz, are you? Lets says a super high volume restaurant does 25 million a year in sales. There are very, very few of those around, but I will give you the benefit of the doubt. That breaks down to 480K in sales a week. That article, based upon NRA numbers, shows the profit margin at 1.8 to 3.5 percent. I think with that high of volume you might get much higher than that, maybe 10%. That works out to 48K profit a week. Now how does that correlate to 200K profit in a weekend?

By the way, those NRA stats show that restaurants that have average checks over $25, a necessity to hit those sales numbers, have an average profit margin of 1.8%. That works out to $8640 a week in profit. Pretty far from $200K a weekend.....

Maybe you should read my posts from the beginning as oppose to chiming in half way through?

 

[cirrrocco]

You're going to see more and more of this. Business said what would happen if we didn't repeal obamacare, and what was predicted is coming true. Reduce people's hours to below 30, drop insurance all together, increased prices, layoffs, etc.

Did the liberal whine about it when san francisco did this years ago, even showing it on the receipt? My guess is no.

How come businesses in MA did not do that same. Isnt Romneycare similar to Obamacare

 

[Ausm]

Add Olive Garden to your list, they announced sometime in the past two weeks that they would reduce workers hours to under 30 per week in order to avoid the costs of Obamacare.

I wonder if Intel and Microsoft are going to cut their Engineer's hours to avoid giving them goodies like Health Insurance?

 

[Darwin333]

easy. I don't eat at Denny's anyway. Crap food.

Stop the scare tactics. It doesn't work on people who have common sense.

Our health care system is too pricey and broken. Deal with it.

Wouldn't "common sense" say that if you think our healthcare system is broken and too pricey that forcing more people into wouldn't be very sensible?

Besides, 5% is absurdly low imho, is anyone sure that is to actually cover the employees health insurance or simply to pay the fine if a company doesn't offer healthcare? Which, if true, would mean we are literally talking about an extra line item tax being added on to your bill at Denny's and NOT health insurance for its employees.

 

[Darwin333]

I wonder if Intel and Microsoft are going to cut their Engineer's hours to avoid giving them goodies like Health Insurance?

I would wager that very high skilled people like engineers already have insurance......

 

[spidey07]

It was predicted that business would do the following because of Obamacare:

1) drop HI
2) Reduce hours to under 30
3) raise prices
4) layoffs

Why is anybody surprised that obamacare is doing exactly what anybody with an ounce of business sense said it would do?

 

[Athena]

I wonder if Intel and Microsoft are going to cut their Engineer's hours to avoid giving them goodies like Health Insurance?

The tech companies are mostly self-insured and already offer coverage that far exceeds anything in the ACA.

 

[spidey07]

The tech companies are mostly self-insured and already offer coverage that far exceeds anything in the ACA.

So they have Cadilliac plans? That means they'll be taxed/fined heavily.

Guess what the business response to that would be? That's right, cut HI benefits/policy to just below Cadilliac status per the law.