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Originally Posted by JustRalph
Thanks.....over 200 hundred of our franchises (restaurants) have gone under.
We have had to make some tough decisions. My wife has been the real leader in our operation. She really runs the place. I have pulled off some pretty nifty deals to save us cash in dealing with vendors etc. I’m proud to say we don’t owe anybody a damn dime. I did payroll today and 48 employees are getting paid. Off unemployment for 3 months now. Maybe next month the wife and I can start getting paid again.
Most of our vendors were in the same boat we were. So to keep us they slashed our prices. We signed on for min 2 yr contracts etc. Lots of wheeling and dealing.
I’m particularly proud of pulling a sting on our trash pickup provider and caught them ripping us off. It got me out of a really bad contract (we inherited it from corporate) and cut our trash bill from over $3500 a month to $478 a month. That’s real money over a year. I also implemented a recycling program that’s paying us back a couple hundred a month too.
I dumped some other services and had competitive bids taken, and that was something that had real leverage over the last 6 months. Everybody was willing to deal. Except for one vendor. When that contract is up next year.....they are toast.
We just finished our 3rd month re-opened, yesterday. My PNL says I lost a little over 3k this last month. It gets a little better every day.
We are back at 50% of our pre-Covid business levels. Slowly creeping up.
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I hope everything is smooth sailing for you from now on, Ralph. I've been in business for 35 years...and I am telling you from experience that your class and integrity are rare commodities in the business world. Sad but true. Best of luck to you going forward.
