Restaurant Theft – It Happens but It Doesn’t Have to Happen to You(opens in a new tab) (3 pages)
Theft is a reality that occurs in every business and unfortunately, restaurants are not immune. The value of having proper inventory controls cannot be understated. Although this article focuses on employee theft, restaurant theft also occurs because of accounting fraud schemes such as setting up fake deposits and manipulating sales tax and franchise rates. Another potential area for theft is stealing intellectual property that may include recipes or internal processes and procedures.
As you read the article, consider the following questions:
What are two signs that your food and beverage operation has been a target of employee theft?
What are two operational methods that can help decrease the likelihood of theft?
In addition to the “FACES” of theft, what other items may be subject to theft?