$185 Beef sandwich

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Son of Butch
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$185 Beef sandwich

Postby Son of Butch » Tue Jun 26, 2018 12:08 pm

Bloomberg News has an article about a NYC restaurant selling $185 beef sandwiches called sandos.
A5 Wagyu beef imported from Japan, breaded and flash fried, they were described as having a crunchy exterior with
a creamy soft heart..... $185

For cheapskates "Don Wagyu" restaurant sells a $25 Sando made from crossbred Wagyu (46.875%+) named Washugyu.
They specialize in only Wagyu beef and claim to be selling 200 sandos a day. Mostly takeout as seating is limited with
just 6 counter stools.

184 @ $25 = 4,600
16 @ 185 = 2,960
Totals $7,560 per day = North of 2 million dollars a year.
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TexasBred
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Re: $185 Beef sandwich

Postby TexasBred » Tue Jun 26, 2018 1:09 pm

Gross sales....Net profits are well south of 10% of gross.
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Son of Butch
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Re: $185 Beef sandwich

Postby Son of Butch » Tue Jun 26, 2018 4:00 pm

2.1 million gross
1/3 food costs = 700,000 = $58,333 month
1/3 labor and management payroll including health insurance, vacation and retirement benefits 700,000 = 58,333
25% overhead $525,000 (real estate, advertising, debt retirement, insurance, taxes, utilities ect.) $43,750 month

8.4% owner's net profit = $14,700 month or 176,400 year

Heck of a lot better than growing soybeans for 9.13 bushel and selling them for 8.88 which equals about the same
expected net profit as selling Brahma beef sandwiches. :)
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TexasBred
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Re: $185 Beef sandwich

Postby TexasBred » Tue Jun 26, 2018 7:13 pm

Son of Butch wrote:2.1 million gross
1/3 food costs = 700,000 = $58,333 month
1/3 labor and management payroll including health insurance, vacation and retirement benefits 700,000 = 58,333
25% overhead $525,000 (real estate, advertising, debt retirement, insurance, taxes, utilities ect.) $43,750 month

8.4% owner's net profit = $14,700 month or 176,400 year

Heck of a lot better than growing soybeans for 9.13 bushel and selling them for 8.88 which equals about the same
expected net profit as selling Brahma beef sandwiches. :)

Living in NYC......priceless.. :bs:
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Nesikep
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Re: $185 Beef sandwich

Postby Nesikep » Tue Jun 26, 2018 9:34 pm

I bet I'd still be hungry after eating it too
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Son of Butch
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Re: $185 Beef sandwich

Postby Son of Butch » Tue Jun 26, 2018 9:51 pm

Beef is very filling and quite satisfying, so your hunger should be abated at least until your next meal. :)
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Nesikep
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Re: $185 Beef sandwich

Postby Nesikep » Tue Jun 26, 2018 10:55 pm

I can easily eat a 1 lb burger (1lb after frying).. If you're buying I'll prove it
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Nesikep
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Re: $185 Beef sandwich

Postby Nesikep » Tue Jun 26, 2018 10:57 pm

Son of Butch wrote:2.1 million gross
1/3 food costs = 700,000 = $58,333 month
1/3 labor and management payroll including health insurance, vacation and retirement benefits 700,000 = 58,333
25% overhead $525,000 (real estate, advertising, debt retirement, insurance, taxes, utilities ect.) $43,750 month

8.4% owner's net profit = $14,700 month or 176,400 year

Heck of a lot better than growing soybeans for 9.13 bushel and selling them for 8.88 which equals about the same
expected net profit as selling Brahma beef sandwiches. :)

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What can be asserted without evidence can be dismissed without evidence
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