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8/20/2012 2:48:07 PM
 
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Section 5: OPA Board Subject: Vote YES on YC Referendum Msg# 840147
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"The problem is management keeps saying it needs to get a better handle on cost of sales, but when will that happen? As it now stands we continue to lose more money as sales increase"
A very good summation of the problem at the YC. Now ,how do we fix it? There surely is sufficient expertise in restaurant management in the OC area to give us some insight into what we are doing wrong or what we need to do right to correct this situation. And ,as trite as it sounds,maybe it should done before investing $ 4.3 million. There must be a point when we stop kicking this can down the road and address the problem or ,maybe ,just stop talking about it ,accept it and go fishing. |
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For reference, the above message is a reply to a message where: One final observation... The numbers always lag the change so even if he had fixed it all in June/July... that would not yet be reflected in the numbers.. Well, if sales are a measure of success in customer satisfaction (if not success in financial management of the operation), July numbers for the Yacht Club indicate the second highest sales in six years. Last year was the highest. Management will tout this increased sales but suggest it needs to get a better handle on cost of sales. Management has been saying this about cost of sales for well over six months. Unfortunately, while July sales this year were somewhat less that July sales last year, the cost of labor went up about $12,000 for the month. The net operations bottom line for July this year shows a profit of $18,021, compared with a $35,106 profit last year. The problem is management keeps saying it needs to get a better handle on cost of sales, but when will that happen? As it now stands we continue to lose more money as sales increase. |
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