Denny's to impose 5% Obamacare surcharge

[sigurros81]

By all means...let's do a little math. Outback Steakhouse is successful restaurant chain that serves alcohol and should be a fair representation of the facts. In 2005, Outback had 1,206 system-wide restaurants. I used 3 month numbers from their 1st quarter 10Q from 2005. Gross sales and profits are shown below:

1Q 2005 Revenues $ 895,122,000 (page 4)
1Q 2005 Net Income $ 50,958,000 (page 4)
1,206 system-wide restaurants (page 24)

These equates to $742,224 average sales and $42,254 average profit per restaurant over a 3 month period. You sir are completely full of shit with your $200,000 of profit per weekend bullshit. Congratulations, you now have zero credibility. Please stop your pathetic lying.

http://www.getfilings.com/o0000874691-05-000091.html

Haha, these numbers don't even disprove my statement, especially picking a restaurant that was on the downward plunge towards bankruptcy in 2005, so the numbers are not even representational of what an average restaurant make today, or even a restaurant that's not going bankrupt made in 2005. And if anything, it supports my first statement--on special event weekends, a restaurant can gross(for the late commenters) 200K, which if you want me to make it simpler, about 70k for Friday night, Saturday, or Sunday. Stop googling random articles off of the web just to distract from your original bullshit statement about your imaginary BBQ friend. If said friend made $1500 on an average good day, and since you didn't specify if this is gross or net profit, neither numbers really add up. He's either an idiot that's hemorrhaging money or the wealthiest restauranteur in town.

 

[Darwin333]

Deny's net profit for 2011 was 112.9 MILLION. That's over 2 million profit per week. That's almost 300k profit PER DAY.

sigurros81 specifically said a "chained" restaurant.

Leave, you moron, you fvcking imbecile.

Where are you getting this? A restaurant, especially a popular chained one like BWW or Hooters net this much in a month. A restaurant can make a gross profit of about 200k in a weekend, especially if it's something big like The Superbowl.

He also specifically said "a restaurant, especially a popular chained one....", the "A restaurant" would imply a single restaurant (not the entire chain) and that is further reinforced by the next few words "especially a chained one" and even further the word "especially" means there are other, non-chained, restaurants that could be making as much as he claimed.

Not a grammar nazi at all, nor do I really give a shit about this particular debate, just couldn't help myself bud.

 

[ch33zw1z]

Fuck Denny's.

 

[Darwin333]

Haha, these numbers don't even disprove my statement, especially picking a restaurant that was on the downward plunge towards bankruptcy in 2005, so the numbers are not even representational of what an average restaurant make today, or even a restaurant that's not going bankrupt made in 2005. And if anything, it supports my first statement--on special event weekends, a restaurant can gross(for the late commenters) 200K, which if you want me to make it simpler, about 70k for Friday night, Saturday, or Sunday. Stop googling random articles off of the web just to distract from your original bullshit statement about your imaginary BBQ friend. If said friend made $1500 on an average good day, and since you didn't specify if this is gross or net profit, neither numbers really add up. He's either an idiot that's hemorrhaging money or the wealthiest restauranteur in town.

Wait, I thought you said gross profit which is sales - cost of producing a good but doesn't include payroll, overhead, and taxes (I think thats right). Whereas the term "gross" basically means pure revenue depending on the context. Regardless, there is a profound difference between the two terms so could you please clarify exactly what you are talking about?

Revenue?
Gross profits?
Gross sales? (which is what I think you are trying to refer to as its the only one that MIGHT match your numbers)

 

[SandEagle]

Add Olive Garden to your list, they announced sometime in the past two weeks that they would reduce workers hours to under 30 per week in order to avoid the costs of Obamacare.

Papa John's is supposedly doing the same thing too. i think obamacare was a ploy to further destroy the middle class. cut hours and wages and force people into poverty and government dependency.

 

[PJABBER]

Oh man up! If anyone did not know that Obamacare would drive up the cost of not only healthcare but everything else, they were too busy running to get their free birth control and Obamaphones.

These grifters thought they would make out like the MacDonald's bandito and all they will get is the shaft via much higher taxes, a higher cost of goods, less availability of health care and a poorer standard of care.

I think all companies that have to pay for Obamacare should raise their prices not only to cover their new costs of doing business, but they should raise it high enough to make a little bit of profit on the back of the consumer.

After all, Obamacare is legal extortion, so why shouldn't companies get a bit of vigorish for their trouble.

 

[sigurros81]

Wait, I thought you said gross profit which is sales - cost of producing a good but doesn't include payroll, overhead, and taxes (I think thats right). Whereas the term "gross" basically means pure revenue depending on the context. Regardless, there is a profound difference between the two terms so could you please clarify exactly what you are talking about?

Revenue?
Gross profits?
Gross sales? (which is what I think you are trying to refer to as its the only one that MIGHT match your numbers)

I'm not versed in accountant terminology, so excuse me on that part. I am referring to total sales after a weekend, before all deductions, payroll, etc.

 

[IronWing]

Oh man up! If anyone did not know that Obamacare would drive up the cost of not only healthcare but everything else, they were too busy running to get their free birth control and Obamaphones.
.....

Having Denny's pay for employee health insurance is not changing the cost of health care. It is changing who pays for it. Currently low wage workers get their coverage at the ER or via Medicaid, paid for by taxpayers. Under Obamacare, that cost is imposed on the employer instead. As long as we choose to stick to our ridiculous employer provided health insurance system then, yes, Denny's should pay for their employees' insurance and pass the cost on to their customers. If we insist on sticking to this retarded system then we need to get rid of exceptions for any employers. We need to stop socializing the labor costs of some, mostly low wage paying, employers at the expense to the taxpayer including other employers.

 

[Codewiz]

I personally don't need to show you work, I have actuals to back up this data. We just had our annual enrollment for 2013, and my health insurance premiums increased by 36.5% ($2,550) over 2012. With the company stating that raises for 2013 are going to be 3%, my raise won't cover the health insurance increase.

Well your company sucks or you picked a shitty policy. My insurance went up $6/paycheck over last year. OMG, the horror.

 

[umbrella39]

Leave, loser. You gave it your best shot in the run-up to the election, and proved that you opinions aren't worth shit.

Just leave now.

He would have to have a modicum of integrity for that to happen. He has proven he is bankrupt and doesn't have the balls to walk his talk...

 

[UberNeuman]

Papa John's is supposedly doing the same thing too. i think obamacare was a ploy to further destroy the middle class. cut hours and wages and force people into poverty and government dependency.

You consider workers at Papa John's and Denny's to be part of "the middle class"?

 

[spidey07]

You consider workers at Papa John's and Denny's to be part of "the middle class"?

That's somebody's spouse you're talking about. Middle class.

Obamacare is the biggest tax hike the middle class has ever seen.

 

[UberNeuman]

That's somebody's spouse you're talking about. Middle class.

Obamacare is the biggest tax hike the middle class has ever seen.

Fast food workers are now the "middle class"?

 

[spidey07]

Fast food workers are now the "middle class"?

Yes, that is somebody's spouse. Many middle class families are struggling so hard under the obama economy they have to take second jobs just to support the home.

Have you not been paying attention to companies cutting hours because of obamacare? How else are they to make up for the lost hours if they don't take another job?

The obama economy is two part-time jobs, no health insurance, by both the husband and wife. That's the quad income family thanks to obamacare and the obama economy. But hey! That means more jobs created, amma rite?

 

[Pens1566]

So they have Cadilliac plans? That means they'll be taxed/fined heavily.

Guess what the business response to that would be? That's right, cut HI benefits/policy to just below Cadilliac status per the law.

You should really give up on the fortune telling. It's not worked out well for you at all.

 

[UberNeuman]

Yes, that is somebody's spouse. Many middle class families are struggling so hard under the obama economy they have to take second jobs just to support the home.

Have you not been paying attention to companies cutting hours because of obamacare? How else are they to make up for the lost hours if they don't take another job?

The obama economy is two part-time jobs, no health insurance, by both the husband and wife. That's the quad income family thanks to obamacare and the obama economy. But hey! That means more jobs created, amma rite?

Y'know... for the two cents its worth... I give you credit for backing up the various losing bets you've made over the years...

However... your vision is so blinded and unbending to the point of archaism that it's really not worth speaking to you...

There's simply no point....


My best wishes to you on your further endeavors...

 

[spidey07]

You should really give up on the fortune telling. It's not worked out well for you at all.

What? All these things were predicted because of obamacare. Why is anybody surprised they are coming true?

Business charging more because their costs have rise? Yep
Business cutting hours because of obamacare? Yep
Premiums rising because of obamacare? Yep
Business laying off people to get under 50? Yep
Business cutting HI benefits to get under the penalty? Yep
Business dropping HI all together and just paying the fine because it's cheaper? Yep

What libtards don't understand is the business of business is to make money and they WILL find a way.

 

[nehalem256]

What? All these things were predicted because of obamacare. Why is anybody surprised they are coming true?

Business charging more because their costs have rise? Yep
Business cutting hours because of obamacare? Yep
Premiums rising because of obamacare? Yep
Business laying off people to get under 50? Yep
Business cutting HI benefits to get under the penalty? Yep
Business dropping HI all together and just paying the fine because it's cheaper? Yep

What libtards don't understand is the business of business is to make money and they WILL find a way.

You do realize you are talking about the same people who believe businesses will pay men more to do the same work as women right?

 

[spidey07]

You do realize you are talking about the same people who believe businesses will pay men more to do the same work as women right?

We've seen the mind of the liberal in this thread, where a restaurant makes 200,000 dollars in profit in a weekend. This is what they think, it is what they believe.

The liberal cannot accept reality that the business of business is to make money. This is common sense to anybody that has ever worked in evil capitalist business. They only see evil bourgeois hoarding money without "taking care of" the proletariat who they are supposed to bow down to.

It's been done before, it always fails.

The liberal willingly embraces economic slavery, may their chains not be so heavy upon their necks. Those people are done.

You've seen it plenty in this thread. The employer is somehow obligated to provide healthcare. Do they even know what healthcare is? Do they even know what insurance is? And why do they think the employer should provide it? Have they never purchased healthcare insurance on their own? Have they never purchased healthcare on their own? Obviously not.

They look to their employer masters to take care of them. Voluntary slavery. And when the employer doesn't provide care for them, they turn to government. Again...slavery.

 

[Chris A]

What? All these things were predicted because of obamacare. Why is anybody surprised they are coming true?

Business charging more because their costs have rise? Yep
Business cutting hours because of obamacare? Yep
Premiums rising because of obamacare? Yep
Business laying off people to get under 50? Yep
Business cutting HI benefits to get under the penalty? Yep
Business dropping HI all together and just paying the fine because it's cheaper? Yep

What libs don't understand is the business of business is to make money and they WILL find a way.

Small edit as I don't do name calling.

Good post though. If my costs go up I pass it along. Would not consider taking a cut as in this economy it is a struggle for all.

My personal thoughts are that there was a huge need for reform!!! When I saw nancy pelosi carry that huge hammer claiming it was done I knew that the average joe was screwed. I don't claim to have all the answers but I know that Obama care was done to fast and not well thought out

 

[CitizenKain]

spidey and nehalem both lying off their ass in the same thread, what a treat!

 

[Incorruptible]

Many businesses had warned that they would have to cut hours and workers in order to deal with the ACA. Its an extra cost that is being put on the businesses, why did obama not realize that the businesses wouldn't just absorb the cost

How about instead of the government forcing these businesses to offer health insurance they make health insurance cheaper and more affordable

 

[spidey07]

LOL! Good negotiations on the part of the franchiser. Put out an offer that is outlandish that the other party then accepts your original goal feeling like they won.

What was that I was saying about business cutting hours to get under 30 to get around obamacare?

http://abcnews.go.com/blogs/politics/2012/11/dennys-pancakes-with-a-side-of-obamacare-tax-not-yet/

“Hurricane Grill & Wings will be implementing the 28 hour [maximum hour] rule in all corporately owned and operated restaurants starting in Q1 of 2013. The 5 percent surcharge mentioned in various online outlets is pure speculation and only a potential option should the law be re-written to include full-time equivalents,” the statement read. “The surcharge is not to be implemented or considered at this time.”

 

[ohnoes]

The rage. It's so amusing.

 

[Chris A]

Many businesses had warned that they would have to cut hours and workers in order to deal with the ACA. Its an extra cost that is being put on the businesses, why did obama not realize that the businesses wouldn't just absorb the cost

How about instead of the government forcing these businesses to offer health insurance they make health insurance cheaper and more affordable

Good post!!! At my place we have a budget to cover costs. Expenses are added but the budget don't change. If we make $80,000 per quarter that don't change we take it back in other ways by raising prices or cutting costs.

I would like real health care reform.