You would know better than me buddyCosta and Andreas said:
Honestly I think it's more. 300 plates would be a $59.52 PPA. That place prob reasonably ran a $35 PPA, so 510 plates/day.
at any rate it's too steep a hill for most to climb and they should have known better. woodiewood1 said:
The tax appraised value on the property is less than 3 Mill. Sounds to me that the owner's are fishing for a buyer that may pay more than it's worth to try to recoup some of their losses?
Much of the $300,000 in BPP was probably on equipment loans which the lender probably had removed when it closed?
Expensive mistake by the owners....average food, poor service, fair location. They didn't develop a Unique Selling Proposition that would drive customers there rather than to the competition.
JuneBug07 said:woodiewood1 said:
The tax appraised value on the property is less than 3 Mill. Sounds to me that the owner's are fishing for a buyer that may pay more than it's worth to try to recoup some of their losses?
Much of the $300,000 in BPP was probably on equipment loans which the lender probably had removed when it closed?
Expensive mistake by the owners....average food, poor service, fair location. They didn't develop a Unique Selling Proposition that would drive customers there rather than to the competition.
Purchasing property above appraisal value is right up COCS' alley. I'm surprised they haven't offered 6 mil yet to prevent the 'wrong' businesses from taking over.
Belton Ag said:
I went there twice for lunch. First time I had a hamburger and it was entirely forgettable, second time was a shrimp Po Boy. The shrimp was in the fryer a minute too long. Not insanely overcooked, but just enough to get a bit of a rubbery chew.
Both times the service was not good. Indifferent waitstaff is a drag to me. I'd rather have a cranky waitress than one that doesn't give a *****
JuneBug07 said:woodiewood1 said:
The tax appraised value on the property is less than 3 Mill. Sounds to me that the owner's are fishing for a buyer that may pay more than it's worth to try to recoup some of their losses?
Much of the $300,000 in BPP was probably on equipment loans which the lender probably had removed when it closed?
Expensive mistake by the owners....average food, poor service, fair location. They didn't develop a Unique Selling Proposition that would drive customers there rather than to the competition.
Purchasing property above appraisal value is right up COCS' alley. I'm surprised they haven't offered 6 mil yet to prevent the 'wrong' businesses from taking over.
84AGEC said:
It was a typical deal where they put way to much into the building, atmosphere, and the food was so so.
We are there once and were underwhelmed. Give me a dive with great food over ambience and let down.
If Bubbas 33 was not built, just up the road, would it have made it?Buford T. Justice said:
Hypothetical question: If they had built Varsity Grill next to Chuys, would it have made it?
doubledog said:If Bubbas 33 was not built, just up the road, would it have made it?Buford T. Justice said:
Hypothetical question: If they had built Varsity Grill next to Chuys, would it have made it?
