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I don't see how it is viable to launder through a restaurant Some simple peer benchmarking of %cash vs %credit card transactions or looking at spend on produce
by mtkd 10y ago
I don't see how it is viable to launder through a restaurant
Some simple peer benchmarking of %cash vs %credit card transactions or looking at spend on produce vs revenue would likely show suspect operations quickly - I was talking to an auditor recently about similar benchmarking they do as standard but can't remember the context
- codesterling 10y agoCash only businesses. Family, friends all eat there for free, like grandma's kitchen used to be. They gotta eat anyway, and it fills out a restaurant. The busier, the more you pad. Give options of top shelf scotches, etc... A guy is celebrating and wants table service, you provide that. Strip clubs, etc... Easy easy ways to either hide what's coming in, or pad what's coming in. Food trucks are brilliant for this, though stretching the definition of restaurant.
- rdtsc 10y ago> Food trucks are brilliant for this, Yes, that would be pretty good. In the right kind of city. Buy a fleet of used food trucks. Pay someone to stick some labels on them. Find what local food trucks pay for produce and maintenance. Maybe ask some friend to drive them around town. The only problem then is other food trucks would notice this fleet of trucks always driving around yet never stopping to sell anything. They could sell something really simple -- just hotdogs. And it would be funny, other honest ones would see this plain hotdog business growing and expanding like crazy while they sell organic Korean bbq and don't seem to break even. So they go and expand into the plain hotdog market to capture some of the profits and then realize how unlucky they are when nothing sells. That's a plot of a short movie right there.
- barrkel 10y agoIce cream vans. A fleet of 100. Safe way to go. (Not fictional.)
- rdtsc 10y agoAgreed. Even better! Not surprising it is not fictional.
- shalmanese 10y agoAh yes, the Glasgow Ice Cream Wars: https://en.wikipedia.org/wiki/Glasgow_Ice_Cream_Wars https://en.wikipedia.org/wiki/Glasgow_Ice_Cream_Wars
- nstj 10y agoThat is truly hilarious. Adding to "new" now.
- cperciva 10y agoPeer benchmarking of %cash is a constraint, but there will be a natural range depending on clientele, so you can safely get away with mixing some cash into the business. The same goes for expenses vs revenue -- alcohol has a higher markup than food, for example. Heck, you can launder money through restaurant without anyone in the restaurant knowing: Have people go in and buy a few hundred dollars of liquor at a time.
- Spooky23 10y agoYou forgot the back door. How much fish did you buy from the fish guy? Were those oranges $40/case or $75/case? How about the linen guy?