What’s everyone running on overhead, cogs, and labor nowadays? I’m running a Delivery carry out no dine in operation
Is anyone charging the 3% processing cc fee or just building into prices? Currently building into pricing since I don’t want to gouge the customers, but toast just raised their...
Wow. This is crazy. Random thought here but anyway you could rebuy at pennys on the dollar to save it and just bring it back to where it was? Then maybe resell to someone else a year down the line who would it more seriously? Obviously you already got paid and presumably want to retire/enjoy the...
This is so spot on Tim and Im happy you got out at 65 to enjoy your life and quality time spent with loved ones. The pizza industry has drastically changed in the time I’ve had mine and I’ve only owned my shop for 3.5 years.
Hey Tim,
Congrats on the sale! I had a few questions for you if you don’t mind. I’ve been considering this in the next year or two. What’s your plan now?
How long did it take to sell the shop, from engaging with broker to signing the APA?
What was the SDE multiple it sold at?
Glad to see we’re all thinking about doing this since Mastercard, visa and worldpay have severely jacked up their rates again.
Does anyone have a POS system that is stubborn about switching processors? I think mine takes a small mark up working with worldpay and is very uncooperative in switching…
This is an old school work mindset. In this new era of employment, we have to expect employees to discuss wages and stay competitive with the market or they will leave. What are you guys paying every position and where are you located? I’m assuming 12-13hr/start 15-17/ shift lead and 17-20/hr...
Hey guys been using robinhood flour for the past three years and love it. My distributor told me it’s going to be very difficult to come by here soon, so any recommendations you guys have for this sort of thing? Any flours you recommend as a sub or is anyone facing this same issue?
Hey guys bought an established pizza shop 2.5 years ago and have been running it very similar to the previous owner with some slight changes. I’ve kept the advertising platforms the same. Been spending about $1800 a month on advertising thru mainly direct mail, loyalty rewards cards and a little...
What margins are you guys running on food/supplies and labor right now? With the rise in both in the past 6 months I’m at 35% cogs and 27-32% labor for a Delco.
