$10/hr fast food joint wildly successful

[Luddly Neddite]

Hey McDonald's! This Fast Food Restaurant Pays Employees $10 An Hour And Is Wildly Successful -

Boloco is a Boston-based burrito place with 23 locations in New England from Burlington, VT down to Washington, D.C., with most in and around Boston. If you go to Yelp, you’ll see mostly 4-star reviews of its burrito and smoothie menu. It’s very popular among the college crowd, which CEO John Pepper has taken advantage of with many outlets near New England universities. The story of what began as Under Wraps in 1997 is one of good business based on healthy food and treating employees well. Some of the highlights over the years include:

Adding a smaller-sized burrito despite the negative effect on profitability, which now regularly outsells the large size.
Offering Health Insurance to all full-time and most part-time employees.
Offering a Simple IRA plan for all full-time and most part-time employees.
Rounding after tax prices to end with a “5″ or “0″ to eliminate pennies, saving time.
Offering English and Spanish Berlitz lessons to facilitate employee communications.
Putting a moratorium on new locations until current ones become profitable.
Making employees eligible for performance-based bonus plans.
Offering a dental plan to all full-time and most part-time employees.
Regular donations of $20,000 per year to a community food bank.
Instituting a speaker series for management.
Going green with all-natural meats, organic cotton uniforms, recycling, replacing Styrofoam cups
Hiring a company artist and hanging his paintings of local areas in stores. (source)


But the biggest difference between Boloco and other fast food spots is the salary earned by employees. Pay begins at $9 an hour and goes up to $17 an hour for managers. The average salary at Boloco is $10 an hour. That’s around $3 more than most places.

Read more: Hey McDonald's! This Fast Food Restaurant Pays Employees $10 An Hour And Is Wildly Successful -

When did it become acceptable for employers to shit on their help? And, why? What does it get for them?

Cool artwork at the link.

 

[Missouri_Mike]

Wildly successful?

"Putting a moratorium on new locations until current ones become profitable."

That's your definition of success?

 

[bodecea]

Wildly successful?

"Putting a moratorium on new locations until current ones become profitable."

That's your definition of success?

Better than overreaching like Krispie Kreme did.

 

[whitehall]

Walmart offers about the same salary and bennies.

 

[Papageorgio]

Wildly successful?

"Putting a moratorium on new locations until current ones become profitable."

That's your definition of success?

Better than overreaching like Krispie Kreme did.

That wasn't the question, the claim is that they are wildly successful, however they have a moratorium on new locations because the wildly successful current locations are not making a profit.

 

[Mr Natural]

Hey McDonald's! This Fast Food Restaurant Pays Employees $10 An Hour And Is Wildly Successful -

Boloco is a Boston-based burrito place with 23 locations in New England from Burlington, VT down to Washington, D.C., with most in and around Boston. If you go to Yelp, you’ll see mostly 4-star reviews of its burrito and smoothie menu. It’s very popular among the college crowd, which CEO John Pepper has taken advantage of with many outlets near New England universities. The story of what began as Under Wraps in 1997 is one of good business based on healthy food and treating employees well. Some of the highlights over the years include:

Adding a smaller-sized burrito despite the negative effect on profitability, which now regularly outsells the large size.
Offering Health Insurance to all full-time and most part-time employees.
Offering a Simple IRA plan for all full-time and most part-time employees.
Rounding after tax prices to end with a “5″ or “0″ to eliminate pennies, saving time.
Offering English and Spanish Berlitz lessons to facilitate employee communications.
Putting a moratorium on new locations until current ones become profitable.
Making employees eligible for performance-based bonus plans.
Offering a dental plan to all full-time and most part-time employees.
Regular donations of $20,000 per year to a community food bank.
Instituting a speaker series for management.
Going green with all-natural meats, organic cotton uniforms, recycling, replacing Styrofoam cups
Hiring a company artist and hanging his paintings of local areas in stores. (source)


But the biggest difference between Boloco and other fast food spots is the salary earned by employees. Pay begins at $9 an hour and goes up to $17 an hour for managers. The average salary at Boloco is $10 an hour. That’s around $3 more than most places.

Read more: Hey McDonald's! This Fast Food Restaurant Pays Employees $10 An Hour And Is Wildly Successful -

When did it become acceptable for employers to shit on their help? And, why? What does it get for them?

Cool artwork at the link.

Employers have been shitting on employees since the beginning.

That's why we have Labor Unions today.

 

[blastoff]

wildly successful?

"putting a moratorium on new locations until current ones become profitable."

that's your definition of success?

better than overreaching like krispie kreme did.

that wasn't the question, the claim is that they are wildly successful, however they have a moratorium on new locations because the wildly successful current locations are not making a profit.

what difference does it make???

 

[Papageorgio]

If they are not successful, then their formula is not working. Then they need to figure out a new formula, otherwise, they go out of business.

How can a business be "wildly successful" losing money?

 

[blastoff]

Make it up in volume?

 

[Papageorgio]

Make it up in volume?

The point is, the claim is they are "wildly successful" and yet they have stores not making a profit. Business wise, it looks like a sound model. However to have failing stores and claim you are "wildly successful" is not truthful.

I do like the organic menu, not a big burrito fan but its a nice move in the right direction of healthy food. We need to turn the corner on healthy restaurant food.

 

[Ernie S.]

Most of the states where they operate have a minimum wage over to well over the federal $7.25. Mass is $8.00, CT is $8.25 Vermont is $8.60 and DC is $8.25

< 10% above minimum wage is hardly high pay.

 

[asterism]

Hey McDonald's! This Fast Food Restaurant Pays Employees $10 An Hour And Is Wildly Successful -

Boloco is a Boston-based burrito place with 23 locations in New England from Burlington, VT down to Washington, D.C., with most in and around Boston. If you go to Yelp, you’ll see mostly 4-star reviews of its burrito and smoothie menu. It’s very popular among the college crowd, which CEO John Pepper has taken advantage of with many outlets near New England universities. The story of what began as Under Wraps in 1997 is one of good business based on healthy food and treating employees well. Some of the highlights over the years include:

Adding a smaller-sized burrito despite the negative effect on profitability, which now regularly outsells the large size.
Offering Health Insurance to all full-time and most part-time employees.
Offering a Simple IRA plan for all full-time and most part-time employees.
Rounding after tax prices to end with a “5&#8243; or “0&#8243; to eliminate pennies, saving time.
Offering English and Spanish Berlitz lessons to facilitate employee communications.
Putting a moratorium on new locations until current ones become profitable.
Making employees eligible for performance-based bonus plans.
Offering a dental plan to all full-time and most part-time employees.
Regular donations of $20,000 per year to a community food bank.
Instituting a speaker series for management.
Going green with all-natural meats, organic cotton uniforms, recycling, replacing Styrofoam cups
Hiring a company artist and hanging his paintings of local areas in stores. (source)


But the biggest difference between Boloco and other fast food spots is the salary earned by employees. Pay begins at $9 an hour and goes up to $17 an hour for managers. The average salary at Boloco is $10 an hour. That’s around $3 more than most places.

Read more: Hey McDonald's! This Fast Food Restaurant Pays Employees $10 An Hour And Is Wildly Successful -

When did it become acceptable for employers to shit on their help? And, why? What does it get for them?

Cool artwork at the link.

Get back with us when they turn a profit and have a nationwide presence and high volume instead of being a niche business with limited growth potential.

Cool idea though.

 

[Star]

If they are not successful, then their formula is not working. Then they need to figure out a new formula, otherwise, they go out of business.

How can a business be "wildly successful" losing money?

17% profit is close to the industry average but-----but keep dissing American entrepreneurs and labor, it reminds of us just what the Republican party represents -pewsh!-

Are you implying that you think every corporate and/or franchise fast food restaurant is profitable?



The Best Fast Food Chain To Work For?

< snip>

Doing 'right' means lower profits
Pepper conceded he isn't yet consistently reaching profit margins of 20 percent or higher, which many other fast food chains have. On average, his company is closer making a 17 percent profit a year, he said. But he is happy with that, and he says his restaurants have seen an increase in same-store sales every year since the chain's inception, save for 2003 and 2009. And he believes his model will "one day mean higher profits," he confirmed by e-mail.

Turnover is also much lower, thanks to the higher wages.
The restaurant industry as a whole however, experienced a turnover rate of 95 percent for hourly workers back in 2011, as the industry magazine QSR reported.His turnover last year was about 64 percent. "Turnover is expensive and we are able to avoid some of it."


<snip>


But-----but $10 bucks an hour ain't even keeping up.

Over the past 50 years, the minimum wage has seen little to no growth as worker productivity has surged. In fact, if the minimum wage kept pace with increases in worker productivity, it would now stand at $21.72 per hour.

.

 

[Dont Taz Me Bro]

$10/hr fast food joint wildly successful

You mean they pay less than Walmart?

 

[Yurt]

the premise of this thread is that they are successful because of what they pay their employees???

and pay begins at 9, not 10, learn to read luddly

 

[Ernie S.]

worker productivity has not surged. Capital equipment investment has surged.

One man can do the work of 4, not because the worker is more productive, but because the employer invested tons of money for the machine he operates.

 

[Papageorgio]

If they are not successful, then their formula is not working. Then they need to figure out a new formula, otherwise, they go out of business.

How can a business be "wildly successful" losing money?

17% profit is close to the industry average but-----but keep dissing American entrepreneurs and labor, it reminds of us just what the Republican party represents -pewsh!-

Are you implying that you think every corporate and/or franchise fast food restaurant is profitable?



The Best Fast Food Chain To Work For?

< snip>

Doing 'right' means lower profits
Pepper conceded he isn't yet consistently reaching profit margins of 20 percent or higher, which many other fast food chains have. On average, his company is closer making a 17 percent profit a year, he said. But he is happy with that, and he says his restaurants have seen an increase in same-store sales every year since the chain's inception, save for 2003 and 2009. And he believes his model will "one day mean higher profits," he confirmed by e-mail.

Turnover is also much lower, thanks to the higher wages.
The restaurant industry as a whole however, experienced a turnover rate of 95 percent for hourly workers back in 2011, as the industry magazine QSR reported.His turnover last year was about 64 percent. "Turnover is expensive and we are able to avoid some of it."


<snip>


But-----but $10 bucks an hour ain't even keeping up.

Over the past 50 years, the minimum wage has seen little to no growth as worker productivity has surged. In fact, if the minimum wage kept pace with increases in worker productivity, it would now stand at $21.72 per hour.

.

You aren't very sharp are you?

What don't you get about a article claiming a "wildly successful" and then in the same breath say: "Putting a moratorium on new locations until current ones become profitable."

So they are not all profitable.

As far as your comment of my dissing...more Star bullshit! I see you ignored or were unable to comprehend where I state I liked the idea of organic food at a restaurant.

So please spare us you holier than thou bullshit, when you can't back it up.

 

[SteadyMercury]

But the biggest difference between Boloco and other fast food spots is the salary earned by employees. Pay begins at $9 an hour and goes up to $17 an hour for managers.

Min wage:
VT = $8.60/hour
MA = $8.00/hour
DC = $8.25/hour

Is the chain with employees starting at $9 really doing anything amazing on the fast food payscale?

 

[Papageorgio]

But the biggest difference between Boloco and other fast food spots is the salary earned by employees. Pay begins at $9 an hour and goes up to $17 an hour for managers.

Min wage:
VT = $8.60/hour
MA = $8.00/hour
DC = $8.25/hour

Is the chain with employees starting at $9 really doing anything amazing on the fast food payscale?

And for managers $17 an hour is low. I know McDonald managers that make $55,000 a year plus bonuses.

 

[Missouri_Mike]

Wildly successful?

"Putting a moratorium on new locations until current ones become profitable."

That's your definition of success?

Better than overreaching like Krispie Kreme did.

Kinda hard to expand when you're not making a profit. They may have over reached already by the looks of it.