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is owning a restaurant one of the hardest businesses out there?
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Date: April 17th, 2018 11:29 AM Author: cream parlour round eye seems like such a grind
low margins, high probability of failure, constantly need to micromanage your employees
but it's sooo glamorous!!!111 |
Date: April 17th, 2018 11:30 AM Author: slimy field yeah (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35858761) |
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Date: April 17th, 2018 11:34 AM Author: histrionic chapel trump supporter Gotta be (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35858813) |
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Date: April 17th, 2018 11:58 AM Author: cream parlour round eye ya (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859013) |
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Date: April 17th, 2018 11:59 AM Author: appetizing shrine athletic conference yeah (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859018) |
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Date: April 17th, 2018 11:59 AM Author: cream parlour round eye i don't get why so many ppl are attracted to it. it's a shitty business model (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859025) |
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Date: April 17th, 2018 12:00 PM Author: Marvelous opaque rehab giraffe yes
my uncle had a mongolian bbq place - alot of work to run it, but i think during the warm weather months he'd make 10K everyday |
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Date: April 17th, 2018 12:00 PM Author: Low-t location Food truk is easy (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859031) |
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Date: April 17th, 2018 12:00 PM Author: Hilarious depressive pocket flask (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859035) |
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Date: April 17th, 2018 12:01 PM Author: anal striped hyena I know some people who did very well off of it, but its a ton of work (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859038) |
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Date: April 17th, 2018 12:01 PM Author: sienna vibrant coldplay fan cruise ship lolno.
Sit at a bar all night sip a cocktail while watching your hostess's ass and greeting guests.
so hard! |
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Date: April 17th, 2018 12:02 PM Author: provocative navy queen of the night we need that poaster in here who represents big restaurant chains to give some insights. i love reading his stuff. (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859046) |
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Date: April 17th, 2018 12:05 PM Author: anal striped hyena I represent multiple restaurant chains. Not nationwide but southeast. (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859067) |
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Date: April 17th, 2018 12:07 PM Author: aphrodisiac hateful trailer park codepig Tells us more about your crab-forward strategies for Q3 (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859092) |
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Date: April 17th, 2018 12:11 PM Author: anal striped hyena there's a serious labor shortage right now in the restaurant industry. Really hard to keep employees. (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859129) |
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Date: April 17th, 2018 12:06 PM Author: mischievous mad-dog skullcap five guys manager tp? (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859081) |
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Date: April 17th, 2018 12:10 PM Author: provocative navy queen of the night no, the guy who poasted at length in that thread where TSINAH speculated on opening a restaurant (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859120) |
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Date: April 17th, 2018 12:13 PM Author: provocative navy queen of the night Sotomayor McCheese
http://www.autoadmit.com/thread.php?thread_id=3818071&forum_id=2#34839799 |
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Date: April 17th, 2018 12:06 PM Author: Adventurous partner stage i worked at some chinese restaurants in college. (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859088) |
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Date: April 17th, 2018 12:03 PM Author: Adventurous partner stage be prepared to fill in after your dishwasher nods out the day after every payday. (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859049) |
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Date: April 17th, 2018 12:05 PM Author: Adventurous partner stage also be prepared to slyly hire illegal aliens (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859070) |
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Date: April 17th, 2018 12:07 PM Author: aphrodisiac hateful trailer park codepig I'd hire you to rough up anyone that gets out of line (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859098) |
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Date: April 17th, 2018 12:06 PM Author: aqua glittery corner you get managers who are willing to bust their asses for $60k a year while you make $600k doing the same amount of work. (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859090) |
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Date: April 17th, 2018 12:10 PM Author: Jet trip regret bawdyhouse It's about them Olive Garden bread sticks . (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859123) |
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Date: April 17th, 2018 12:14 PM Author: Bright university It’s basically impossible, which is why there are so few restaurants. (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859148) |
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Date: April 17th, 2018 12:14 PM Author: Racy sable theater tbf they are also mostly started by dumb proles (http://www.autoadmit.com/thread.php?thread_id=3951571&forum_id=2#35859150) |
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Date: April 17th, 2018 12:17 PM Author: soul-stirring gay wizard lay "Owning" a restaurant is pretty easy.
Making it a sustainable, profitable business is another story. |
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Date: April 17th, 2018 11:54 PM Author: Big brilliant lodge mother The terrible part is that you are perpetually hiring/training both back of house and front of house because all of your good employees leave and you need to fire a decent chunk of the people you hire. You can either pay two people 90-110% of the pre-manager profits to do this work (and replace them every 2-3 years), or you can spend every minute of the rest of your career teaching drunk, stupid, clueless, non-English-speaking and/or drug-addled individuals randomly selected out of the unemployed population how to cook a steak, carry plates, talk to fellow humans, and clean toilets. Good luck with that.
Also, a good restaurant that is well managed generates decent pre-tax earnings on the invested capital, but the real gravy is that all of your expenses (including personal expenses) are now deducted on your tax returns and a bunch of your cash receipts somehow fail to make it onto the same tax return. So you are running a restaurant that legitimately makes $100k/year pre-tax, you cook the books to where the business pays no taxes and you take home $100k. For example, your personal spending on food and wine just dropped to $0. Everything the goes in your mouth is now a restaurant expense. Your babysitter? She works at the restaurant. Car? You use it to make deliveries. Is it legal? No. Will you be caught? Probably not. |
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Date: April 18th, 2018 12:07 AM Author: Excitant narrow-minded box office headpube Pretty much cr
The thing about running cash businesses is that there is a certain amount of tax fraud that is pretty much accepted, even among the authorities.
Even if you get caught, you're almost certainly going to not face criminal prosecution unless you were going absolutely buckwild |