0:00

I just want you to know that by being

0:03

here you're appreciated for your

0:06

curiosity always a sign of intelligence

0:09

and wisdom which means through you

0:12

despite all the crazy there is hope for

0:15

the world yet thank you for being

0:28

here when you go to Costco probably the

0:31

last thing that's on your mind is being

0:34

ripped off you might be worried about

0:37

spending more than your budget allows

0:40

especially considering the hard times

0:42

we're living in right now but generally

0:45

speaking you're looking forward to all

0:48

those good deals especially at the food

0:51

court $1.50 for an all beef hot dog and

0:54

a drink are you kidding me who the hell

0:58

would argue with that well I'm not going

1:01

to argue with that but I am going to

1:04

make you aware of something going on

1:07

there that you may not have even

1:10

considered now you might say I have a

1:14

curious streak in me and I often

1:17

remember and pay attention to things

1:19

that most people wouldn't and in my life

1:23

it's been both a blessing and a curse

1:26

but I'm mentioning this so you'll

1:28

understand how it is that I came to know

1:31

what it is I'm about to tell

1:35

you to my understanding it's common

1:38

knowledge that many people who own

1:40

businesses such as restaurants shop at

1:44

Costco and you can tell this by simply

1:47

looking at the items in their shopping

1:49

cart a person for instance who has a

1:52

very large amount of toilet paper

1:54

napkins and margarine is more than

1:57

likely to be a restaurant owner

2:00

it's especially obvious when they buy

2:03

large quantities of cheap cooking oil

2:06

and margarine the extremely lowcost and

2:09

lowquality food they in turn serve

2:13

you in their

2:16

restaurants what I just said will allow

2:18

me to segue right into the type of

2:21

criminality you should be aware

2:24

of so there was this man and woman I

2:28

noticed at Costco

2:30

uh who each had a cart and they were

2:33

obviously together both of them had

2:36

their cards full of the kind of things

2:39

you most often use in a restaurant and

2:42

how do I know this you may ask well I

2:46

was in the restaurant business for

2:47

several years I know a hell of a lot of

2:50

the tricks of the trade and apparently

2:53

so did this couple it is also one of

2:57

several reasons why I got out of the

2:59

business I actually rather enjoy having

3:03

a clear conscience and being able to

3:06

sleep at night something that apparently

3:09

can't be said for many restaurant owners

3:12

including the ones I just mentioned I'll

3:16

explain how I found that out for certain

3:20

in a few

3:21

moments allow me for example just to

3:24

give you this Insight next time you go

3:27

into a restaurant that's totally new to

3:30

you regardless of the decor the weight

3:33

staff or anything else when you sit at

3:36

your table look at the pepper

3:39

shaker in most cases you'll find the

3:42

pepper to be a very coarse grind as I

3:46

said this is pretty typical a quality

3:49

black pepper will be in a fine grind and

3:54

only cost a small amount more than

3:57

coarse black pepper but it's speaks

4:00

volumes about the owner because more

4:03

than likely they're a cheap

4:06

skate and cut cost anywhere and

4:09

everywhere they can not to keep prices

4:13

and cost down yet another lie

4:16

but actions solely intended to maximize

4:20

thievery pure and

4:22

simple the same general rule applies to

4:26

many other items they may use for their

4:29

restaurant

4:30

the second biggest one to look out for

4:33

is not just the condition of the

4:35

bathroom but the quality of the toilet

4:38

paper if the toilet paper is so low

4:42

quality and bad that you'd actually

4:45

rather wipe your ass with sandpaper I

4:48

would strongly suggest finding another

4:51

place to give your hard-earned money to

4:55

Simply consider this if they don't give

4:58

a damn about the quality of their Pepper

5:01

or toilet

5:02

paper how much quality and love do you

5:06

think they're going to put into the

5:09

actual

5:10

food so now I'll get back to the

5:14

original so I was paying attention to

5:17

what this couple had in their cart and

5:19

one of their items was a variety of

5:22

sugar-free drinks I made a mental note

5:25

of the case price because I was also

5:29

really interested in getting some for

5:31

myself which I in fact did so after

5:35

doing some quick calculating the price

5:39

per drink ended up being less than

5:42

around 28 cents which is a good deal

5:46

unfortunately the criminal business

5:48

owners who like just about all

5:51

restaurant businesses owners

5:54

today continuously declare their love

5:57

for their customers and the way they

6:01

demonstrate that love Fest is by having

6:05

profit ratios for their food and drink

6:08

that would make many corporate minded

6:11

entrepreneurs have a financial wet

6:14

dreams over in this case profit ratios

6:18

that were quite

6:20

criminal you

6:22

see that couple as it turns out runs a

6:25

local Patio Restaurant I know this

6:29

because I just happened to run across

6:31

them when I was out and about and

6:33

remembered them and I also remembered

6:36

exactly those drinks they bought at

6:39

Costco which they were selling for

6:45

$2.75 that's right $2

6:51

75 holy Christmas

6:54

criminal so remember the drink

6:57

originally cost around $28 cents each so

7:01

if I'm generous and more than double

7:04

that cost to 60 cents each that's still

7:08

a whopping profit ratio of around

7:13

73% but no that's not enough profit

7:17

ratio for the greedy sons of at

7:22

$2.75 each that's an obscene profit

7:25

ratio of 163%

7:30

and that's just for the drink

7:33

not including the

7:35

food and everybody wonders like it's

7:38

some kind of mystery why

7:40

restaurants are closing right and

7:44

left that's why every time I hear these

7:47

thieving bastards whining and bitching

7:50

and complaining about how they're not

7:54

yet making any

7:56

money I can tell you with absolute

7:59

certainty it's an absolute

8:02

lie the overwhelming number of cases out

8:05

there if a restaurant goes out of

8:08

business it's mainly for one reason only

8:12

greed to which I just gave you a

8:15

perfectly good example

8:18

of unless we are talking about a case of

8:21

extreme physical mismanagement the

8:24

business being run into the ground

8:26

because of physical mismanagement

8:30

such as a let's say you have a

8:32

40-year-old uh restaurant owner who in

8:35

the last year divorced his wife of many

8:38

years and has been banging a 20-year-old

8:41

hottie ever since who naturally became

8:44

the restaurant's manager and also just

8:48

happens to have a heavy cocaine

8:52

Habit in the vast majority

8:55

of well in the vast majority of cases P

8:59

es the restaurant simply cannot afford

9:03

the level of profit ratios that the

9:05

owner has set it's not material cost

9:09

it's not labor it's the fact that they

9:12

are so completely arrogant that if the

9:15

business is not producing obscene profit

9:20

ratios it's simply not worth their

9:23

time a lot of business owners especially

9:26

restaurant owners tend to have a very

9:29

inflated view of the value of their time

9:33

and I have dealt with this too many

9:36

times to

9:38

remember I'm going to wrap this up by

9:41

saying this is not the case 100% of the

9:44

time and there can be cases with very

9:47

odd circumstances that could force a

9:50

formally successful restaurant to have

9:53

to close their

9:55

doors but before you get all teary eyed

9:59

as you listen to the violin and piano

10:02

music gently in the background as an

10:06

owner explains how he simply cannot go

10:09

on don't forget to check the pepper the

10:13

toilet paper and how much he charges for

10:16

a

10:18

Coke so don't run your restaurant or

10:21

life into the ground Park your ass here

10:25

every Monday and Friday at 6:00 a.m. on

10:28

YouTube on more the same time and days

10:31

of my podcast please do hit the

10:34

Subscribe and notification Bell as it

10:37

really does help the channel

10:39

grow Compliments are great but the best

10:43

compliment you can ever give me is to

10:46

tell a

10:47

friend until next time this is earnest

10:51

and I usually am

10:53

[Music]