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Chuck Sillari

๐Ÿ‘ค Speaker
174 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

It's a great relationship, so I don't think we mind giving him money.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

that type of a return just because you know it's it's we've had a bad partner in the past and and this you know it's i think it's worth being being in business with him what are your if those folks are listening not familiar the restaurant industry uh what is your what's your gross margin so after cost of goods sold what percentage of gross margin about you know you probably want to be around that 20 percent um range you know between

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

15 and 20% after everything.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

After your occupation costs, after your taxes, after your labor, after your food costs, you probably want to be around 20%.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

Your food costs, we try to keep them under 30, probably try to keep around 28, 29%.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

Okay.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

So maybe I had, maybe I, maybe I gave you the information backwards.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

So for every dollar, for every, for every dollar that we bring in, we try to spend under 30 cents on the actual food.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

So we try to spend under 30 cents on the actual food and then your labor costs are probably like another 30, right?

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

So 30 and 30 is 60.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

Then you count in your occupation costs, which is your rent, you know, your heat, your electric, your cable, everything else.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

You want to keep that under 10%.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

So you get,

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

So then you have another 30% to play with.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

You're getting about 20 cents to the bottom line.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

Is that right?

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

Every dollar you bring in, you want to tell you, you want to put about 20 cents in your pocket.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

Exactly.

SaaS Interviews with CEOs, Startups, Founders
EP 521: $5.5M Burger Business, Gets Into Monthly Subscriptions with BurgaBox CEO Chuck Sillari

The second location is going to do about a two and a half million in 2016.