The restaurant industry is no stranger to theft. From simple things like stealing food off the line to more insidious forms of theft, abusing comps, voids, and other types of payment, restaurants of all types and sizes will struggle with theft at some point during their years of operation.
Compeat has tools that have helped hundreds of restaurants combat fraud and we have learned a lot about it over the 20 years that we have been in business. This guide summarizes all of the common ways we have seen employees at different levels steal from restaurants.
Whether you are preparing to open a restaurant or launching your 20th location. This guide will show you practical measures you can put in place to safeguard your revenue from theft.
Discover and Deter Fraud
“According to the US Chamber of Commerce, 75% of all employees will steal from their employer at least once. Even more concerning to our specific industry is that The National Restaurant Association estimates that employee theft accounts for about 75% of a restaurant’s inventory losses – between 5-7% of gross revenue per year. This means that a restaurant making $2 million per year may be losing $100,000 to $140,000 to their employees’ pockets.”
Chapter 1 - Discover and Deter Fraud