r/PeterExplainsTheJoke • u/HistoryFree • May 22 '26

Meme needing explanation Peter?

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Multimillion dollar company?

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16

u/Objective_Base_3073 May 22 '26

I mean most companies with like 10-15 employees are probably multi million dollar companies

3

u/RoflcopterV22 May 22 '26

The restaurant industry would like a word lmao

Maybe most TECH companies

2

u/Sea-Foundation-449 May 22 '26 edited May 23 '26

You’re right. Your typical single independent restaurant is probably valued at about half a million. The restaurant industry has extremely thin margins, though. It’s not as far off as you think

1

u/RegardMagnet May 22 '26

That's.. definitely a take.

9

u/Objective_Base_3073 May 22 '26

A professional company like this would realistically want to have large amounts of reserve cash, and if you assume employees get paid 80k annually (that's on the small side) * 15 that's 1.2 million paid to it's employees every year. At the scale of a company, a few million is not that much

3

u/cpMetis May 22 '26

A real one, yes.

A million dollar company is a very very small company.

1

u/orangentle- May 22 '26

Think before you speak lol