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Re: TEEROY post# 39308

Thursday, 09/01/2016 4:06:17 PM

Thursday, September 01, 2016 4:06:17 PM

Post# of 53798
Not sure what the labor laws are in AZ, but here in WIS you only have to pay waiters/waitresses/servers about $2.30/hour and that is what most decent-to-better restaurants actually do. The biggest part of their compensation is tips. So even if MR has 120 employees, the majority of them are part-timers and low wage servers. At least that is my guess.

145k in revenue over 20 days would be about $7000 per day or about $2.6million per year. But given the timing (the month) of the opening, I would guess they will do about $4 - $6mil in revenue for a full year but that is a wild guess. Another guess is that I bet they need to do over $5mil a year to make any money.
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