/ck/ - Food & Cooking

[Anonymous No.15646035]

sometimes i feel like i'm the only food service employee that actually likes their job

[Anonymous No.15646041]

>>15646035
I would think working in the food industry would be nice during this pandemic fuckery, what with no customers dining in and just Door Dash drivers to deal with, no?

[Anonymous No.15646067]

>>15646041
>he thinks doordash drivers arent infinitely worse than customers

[Anonymous No.15646084]

>>15646041
I am glad that I got out before doordash shit got started where I live. I had one guy tell me that they are pretty much forced to drop everything and make the doordash food first because if they are kept waiting then the restaurant gets negative reviews that actually hurt business.

[Anonymous No.15647865]

>>15646084
They could have avoided this problem by offering delivery, but then again the entire model is bizarre. Doordash and Uber Eats don't turn a profit, but their stock price keeps rising and their valuations get higher and higher. It would be easy to say that all restaurants should have offered delivery, then there would be no real market for doordash or uber eats, but it seems given their business models that there is no way a restaurant could have possibly afforded to deliver on such a scale, since the companies that do it NOW can't afford to do so, but people just keep handing them investment cash.

[Anonymous No.15647875]

>>15647865
Doors ash and Uber eats absolutely turn a profit. They make a percentage off all sales, sometimes they even replace the restaurant’s number on their app to one through them, then charge the restaurant for it.

[Anonymous No.15647890]

>>15646035
I worked in food service and in retail for a combined 6 years and it made me actively hate the customer

[Anonymous No.15647906]

>>15647875
Frankly, you have absolutely no idea what you're talking about. Here's doordash's S1 from their IPO in December, which I read in full when it came out:

https://www.sec.gov/Archives/edgar/data/1792789/000119312520292381/d752207ds1.htm

They are not profitable, they've operated in the last year at a net loss of ~150 million, which with a total income of around 2 billion isn't horrible, and they're vastly improved from a net loss of something like 500 million the year prior, but it's unclear how and when they will become wildly profitable without jacking their rates up before they've snuffed out competition. Uber has never been profitable as a business in general.

Here's an article from November leading up to their IPO discussing it:

https://www.nrn.com/technology/doordash-releases-ipo-filing-plans-reports-net-loss-149-million

They do not as of yet make money. Their model is expensive, and restaurants wouldn't get away with increasing their menu items by 20% across the board simply to cover delivery if doordash didn't exist.

[Anonymous No.15649147]

>>15646035
I used to work in food service and liked my job.
However, I worked at a sorority house

[Anonymous No.15649229]

Cooking in a stressful kitchen would feel like a cuckmove for me. I would only do it as experience into moving into my own restaurant or family cooking business. I could never slave for decades for a restaurant that doesnt belong to my blood.

[Anonymous No.15649281]

the only good part about working in the food industry are the slutty female co-workers.

[Anonymous No.15649308]

>>15647875
retard

[Anonymous No.15649365]

Would this be a bad time to illegally immigrate to America and work jobs like kitchen stuff? I'm white, by the way.

[Anonymous No.15649392]

>>15649365
yes
so many places have closed permanently and with many others closed temporarily the competition for any single job is fucking crazy

[Anonymous No.15649412]

>>15646035
the industry attracts the worst kind of people. even if you start out normal you slowly become like them. jaded , drug or alcohol addicted, underpaid,

[Anonymous No.15649418]

>>15647865
It's all about outlasting the competition. As soon as either Uber or Lyft go out of business the remaining one has a monopoly and can jack up prices to make the company profitable. It's the same with the food delivery apps. They're all waiting to see who will be the last one standing who can then actually make a fuckton of money.

[Anonymous No.15649426]

>>15647875
Wtf are you talking about. I know this isn’t /biz/ but gonna go on an autistic finance rant here. One of the most talked things in Uber or DoorDash valuations and their IPOs is how they don’t make profits. It’s all public info you can look up through 10-k and 10-q filings. That alone isn’t necessarily a bad thing for growing companies but what is alarming is DoorDash’s ev/ebitda ratio of 310 and ev/sales of 81x. What this means is that the implied stock price of DoorDash is $100. Eventually they’re gonna have settle up and fix their business model but that already seems tough as they charge restaurants a high rate already. Don’t see a good long term outcome for delivery companies especially as coronachan starts to go away.

[Anonymous No.15649474]

>>15649426
delivery service for such an abysmally low value good like a fast food meal is hard to make profitable and people wildly devalue what say having a dude dedicate 10 miles of vehicle usage and 15 minutes of his time round-trip should cost

[Anonymous No.15649534]

>>15649392
Oh, okay... you thank.

[Anonymous No.15649537]

>>15649412
Perhaps all four, even.

[Anonymous No.15649579]

>>15649418
There’s no reasonable price that either of these companies could raise their rates that would make it appealable to the average consumer while still churning out a profit. That combined with laws in different areas making uber drivers employees rather than contractors severely hurts their business model, not to mention minimum wage increases. That’s why they’re exploring other avenues such as self driving and freight deliveries. As soon as one of these two big companies go down a dozen more will pop up in their place. Most institutional investors have these companies as overvalued and see no feasible way to generate solid long term profit. The barrier to entry this industry is really low since you just need the tech infrastructure and don’t have to supply anything to workers or customers.

[Anonymous No.15649613]

>>15649474
Exactly. Margins in the food industry can already be very thin for a lot of local places so delivery services can only charge so much and have to eat the rest of the cost. And it’s not like mail where there are millions of packages and letters sent over a few days. Deliveries need to be on time but that also means drivers can only take a few orders at a time which lowers profits