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Old 03-22-2006, 06:38 PM   #1
Swimmer
Retired Surfer
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Join Date: Dec 2000
Location: Sunset Grill
Posts: 9,511
Remember the Dunkin Donuts thread, read this!

Went to have my taxes done last night. Old friend of mine from high school does them. About five years ago he purchased a DD. Where shall remain unsaid. He then bought two more the next year that were failing believe it or not. He nows owns eight. I asked him last night about hiring, firing, employee turnover, and so on, thinking all the time about our brother here who the counter help screwed out of change for the $20.00 dollar bill. I asked him how much it cost to build a stand alone on land you would buy and using a building you would pay to have constructed as opposed to leasing the land and/or the building and /or both. My accountant was very up front. I have always been curious about the cost because I know there is tremendous profit in coffee. Then my accountant asked me how much I thought he lost through employee theft. I threw out $1,000,000.00 for a figure thinking it was way over. Well it was over, but only by $600,000.00. Yes, he and his brother who run and own these 8 DD's lose a minimum of $400,000.00 a year to employee theft. The worse store was on the south shore that he bought, and the theft ring was run by a 16 yr. old who had been working at the store. SO THE EMPLOYEES NOT ONLY PURPOSELY GIVE THE WRONG CHANGE BACK TO US THEY ARE STEALING FROM THE BOSS TOO.

Swimmer a.k.a. YO YO MA
Serial Mailbox Killer/Seal Fisherman
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