Average restaurants use about 200 server hours in a weeks payroll. Wages increasing from $5.50 to $7.50 per Hr. will cost restaurants a whopping $1600.00 per month; add in payroll taxes & insurance increases costs could reach $2000.00 per month. With regular wageswages increasing .25 per hr. add an additional $200.00 monthly. Restau-rants in reality could spend 3,000-6,000 monthly in new labor costs. The first thing restaurants will turn to is raising menu prices, exactly what their cus-tomers will be looking for! This could prove costly in decreasing clientele. People will be paying more at the register where ever they go, Super Stores, Grocery Markets, gas stations and more .Corporations will also be paying more in increased labor costs, big corporations will not hesitate to increaseincrease their pricing. The first thing the consumer cuts from their budget is any form of entertainment!

The Cost of Minimum Increase

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Price Check Report

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Although some companies may have large enough profit margins to not raise prices, most businesses will not be able to afford increasing the minimum wage without raising the prices of products or services. Costs of goods will most surely have to rise inin order to pay employees or alterna-tively companies who can not raise their prices will have to resort to layoffs or go out of business alto-gether. If prices rise in order to help pay for increased Wages, we will see inflation. Vendors will increase cost of goods by and estimated 10-20% In 2016 increases of up to 15-25 % will come across the board in operating expenses.

If you focus on results you will never changeIf you focus on change you will get results

Its time to change to get the results You deserve!!

Corporations such as Mc Donald's, Burger King and other fast food chains have to raise their employee wages to $15.00 per hour. This will cause an increase of up to 38% in the price of their menu’s, Increasing a a Big Mac Meal from $5.69 to $7.82 and a Whopper meal from $6.15 to $8.46 A Subway Turkey Foot long from $6.50 to $8.94 as written by Steve Straub Paper Project.

DashboardEmployeesVendorsInventory- View/Edit Inventory- Ending Inventory- Low Stock - Low Stock Re/Order- Pending OrdersFinances- Accounts Payable- Labor- Net SalesReports- Labor- Labor- Sales- Purchasing Report- Vendor Report- Sales vs Labor- Operating Report- Profit & Loss Report

If the independent restaurateurs can keep from raising prices, this somewhat levels the playing field

Business ImplicationsThe Bright Side

Restaurant News January 2016 Edition