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.
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