• With: Jon Taffer

    This is a rush transcript from "Your World," November 18, 2014. This copy may not be in its final form and may be updated.

    NEIL CAVUTO, HOST: Well, are small business owners out-Gruber-ing Gruber?

    If my next guest is right, many of them are rescuing themselves from ObamaCare`s hits and rescuing workers while they`re at it. But how?

    Jon Taffer, of course, to many of you is a familiar face. He is the host of the very popular "Bar Rescue." He is in person as he is on the show. A very strong presence. You know when you`re with him.



    CAVUTO: ... you help these guys set themselves right. They come to you as the answer man.

    TAFFER: They do.

    And, unfortunately, they have made a lot of bad decisions that got me there.

    CAVUTO: Yes.

    TAFFER: So, you know, every failing business has a failing owner behind it.

    CAVUTO: But they also have complications, like the government telling them what to do.

    TAFFER: No question.

    CAVUTO: Right?

    TAFFER: No question.

    And the regulatory environment today is difficult. And in my business, things like meat prices are high, produce prices are high. Now you take health care costs and energy costs and the other elements together, our margins are getting tighter and tighter and tighter.

    CAVUTO: Well, how do the health care cost things, without getting too wonky, affect your clientele?

    TAFFER: Well, for example, we`re a business with a lot of part-time employees.

    And our part-time employees, during the past economic time, have not done so well. So we have more full-time employees now, because you were turning people over.

    CAVUTO: Right.

    TAFFER: They weren`t making enough money during difficult times.

    The all qualify for health insurance now. So we have the economic burden of ObamaCare upon us. But what is interesting is, so does the employee. So, they`re taking home less dollars because of their own contributions. The expense is sort of a double whammy on both of us. So, it impacts employee stability, fines, penalties, costs on...


    CAVUTO: Well, how many of that -- when they seek you out, you know, Jon, help us out, help us out, how many of them are lately saying this is a big problem? There`s not so much you can do on that front, right?

    TAFFER: Well, sure there is.

    CAVUTO: Really?

    TAFFER: Let`s say it`s a cost issue.

    CAVUTO: Right.

    TAFFER: And we break out all the costs, Neil. I can`t change the impact of an ObamaCare. I can`t change the impact of taxes and regulatory issues.

    We have to build a business model around those things, which means we take from the customer. A steak is an ounce less. Glassware isn`t as nice.

    CAVUTO: I always had a feeling they were getting smaller.

    TAFFER: Because we have to make money at the end of the month.

    CAVUTO: Yes.

    TAFFER: So it has to come from somewhere.

    CAVUTO: But the customers have to notice that kind of stuff.

    TAFFER: Well, that`s the challenge.

    CAVUTO: Yes.

    TAFFER: And that can destroy your...