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Fatburger eyes price rise after minimum wage hike


RESTAURANTS IN CONNECTICUT FOR EIGHT MONTHS IN 1973. I WAS A WAITER AND A DISHWASHER IN LONDON BEFORE THAT. I DO KNOW WHAT IT IS LIKE A. BACK THEIR WORKFORCE AFTER GOVERNMENT MANDATED WAGE HIKES HOW WILL YOU RESPOND TO MINIMUM GOING TO CAUSE PRICES TO GO UP. OUR BUSINESS IS UP SIGNIFICANTLY SO WE ARE COPYING 10% POSITIVELY IN CALIFORNIA RIGHT NOW BUT AS PRICES NEED TO GO UP TO SUPPORT THE MARGIN FOR RESTAURANT OPERATOR. STUART: YOU HAVE RAISED PRICES AS OPPOSED TO WHAT OTHER FOOD ROBIN, AND OTHERS CUT BACK ON THE BENEFITS THEY PAY TO THEIR WORKERS BUT YOU ARE SIMPLY RAISING PRICES, CORRECT?>>YOU HAVE TO. THE RESTAURANT OPERATOR ONLY MAKES 5 TO 15% BOTTOM LINE, WAGES ARE 30% OF SALES. IF YOU HAVE A 50% INCREASE IN COST GOES TO 45%, THAT WHOLE MARGIN, ALL THEIR PROFITS GO CHOICE. STUART: I HAVE NOT EATEN IN A FAT BURGER, NOT BEEN INSIDE ONE OF YOUR RESTAURANTS BUT I PRESUME YOU DON’T WANT TO BRING IN TECHNOLOGY TO SERVE PEOPLE, YOU WANT TO STAY WITH THE WAITSTAFF, CORRECT? FOR ONLINE ORDERING AND DELIVERY BUT AS FAR AS CHANGING OUR STAFFING BECAUSE OF THE CHANGE IN MINIMUM WAGE THAT IS NOT SOMETHING WE WOULD DO, WE WERE NOT CUT BACK ON THE GUEST EXPERIENCE. STUART: I WAS INTRIGUED TO SEE PICTURES OF YOUR BURGERS ON THE FAT BURGER, THING IS GIGANTIC. I WOULD HAVE THOUGHT THAT WOULD BE OUT OF FASHION IN YOUR SALES WOULD BE DOWN. I’M TOTALLY WRONG?>>WE HAD EIGHT YEARS OF POSITIVE SAME-STORE SALES DOMESTICALLY IN THE US AND NORTH AMERICA. WE ALSO OWN THE PONDEROSA AND BONANZA CHAINS. OUR BUSINESS IS GROWING EVERYWHERE. WE JUST WENT PUBLIC A COUPLE MONTHS AGO ON THE NASDAQ. OUR GOAL IS TO DELIVER MORE BURGERS, SHAKES AND FRIES TO OUR CUSTOMERS AND OPEN MORE STORES. STUART: CAN YOU TELL ME THE PRICE OF YOUR FAT BURGER AND THE CALORIE COUNT?>>IT IS $6 FOR BURGER AND THE

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8 thoughts on “Fatburger eyes price rise after minimum wage hike

  1. I am trying to avoid a heart attack so I really don't care. Maybe greaseburgers should be treated like tobacco products.

  2. lets ignore income tax which was forbidden by the founding fathers of america and which is also stated in the american constitution. income tax is the main reason why americans are poor.

  3. More proof, Cuckservative Business owners can't survive without paying– sub-Humane wages… In the face of Record profit$.

    It goes Against their morals…

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