Wahhhh. I heard this crap from my owner/operator every time the minimum wage went up. We'd be told to cut staff hours because it would hurt the bottom line. He made roughly 10% profit after controllable. 10%. Sounds horrible. However his gross sales at our best store were over $3M/year in the 80's. So PAC was $300K. Waaaahhhh.
He also owned four other McD's (though none as profitable as this one), so he was able to amortize all his corporate costs across five stores. He pulled in over $600K/year back in the 80's, yet was a Scrooge when it came to treating his employees. Cry me a river about "single digit profit margins." Tons of businesses have small margins, but make it up in volume.
He also owned four other McD's (though none as profitable as this one), so he was able to amortize all his corporate costs across five stores. He pulled in over $600K/year back in the 80's, yet was a Scrooge when it came to treating his employees. Cry me a river about "single digit profit margins." Tons of businesses have small margins, but make it up in volume.