Important Takeaways:

• A restaurant owner has explained how raging inflation means he has to charge $16 for a BLT sandwich – yet makes under $2 on each.
• The ingredients – bacon, lettuce, tomato, mayo and bread – cost $5… But Will says spiraling costs for staff, rent and utilities have been a much bigger blow – forcing him to raise the price of a BLT from $13 three years ago.
• He pointed out that in one of his restaurants alone these three costs – along with cleaning, maintenance and accounting – are close to $90,000 a month.
• Selling sandwiches at $16, he said he would still need to sell more than 94,000 a year to generate a revenue of around $1.5 million and break even. That figure covers all the costs plus ingredients.
• ‘If I do $1,499,000, in sales, I lose $1,000. We don’t start making profit until we get above that breakeven point,’ he said.
• He said his situation would be similar to restaurants across the US, where $16 is now a typical price.

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