Galatoire's Bistro - Page 4 - TigerDroppings.com

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djrunner
LSU Fan
Baton Rouge
Member since Jun 2010
1157 posts

re: Galatoire's Bistro


This thread is driving me crazy.
Let's define profitability.
If he means percentage of profit, I believe the Baton Rouge location will have a higher profit margin. A normal fine dining restaurant has a bottom line of 18-28%. 28 is actually a little on the high side. Baton Rouge might be on the higher side of my scale and NO on the lower but 10 times is out of the question.
The French Quarter by nature has a couple of factors that drive up the margin, property tax, cost of doing business in the quarter, seasonal business (food cost tend to be higher)etc...
As far as the number 10, this is just silly. Sounds like a third grader trying to make a point. I would guess the French Quarter location makes 5+ million a year. To think that BR would do 10 times better on margin or in overall sales would be just stupid. One of the if not the highest grossing restaurant in LA in 2009 was the Chimes on Coursey at 8.5 million. To think that BR Galatoire's would come close to that much less pass it would be ambitious.






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threeputt
Notre Dame Fan
God's Country
Member since Sep 2008
21743 posts

re: Galatoire's Bistro


I have already said that I probably overstated the 10x deal ..

quote:

I would guess the French Quarter location makes 5+ million a year








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BlackenedOut
The Big Sleazy
Member since Feb 2011
3161 posts

re: Galatoire's Bistro


Id wager a guess that profit margins, so long as they are there, arent really going to be the driving force of Jon Georges. More likely he wants Galatoires in every corner of the world and to turn it into a modern day Ruth's Chris. Which is very possibly his motivation.

Then the profit really begins.






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djrunner
LSU Fan
Baton Rouge
Member since Jun 2010
1157 posts

re: Galatoire's Bistro


Threeputt, so you know, Galatoire's pre Katrina grossed in the 6 million dollar range so I am guessing 5 yo 7 million presently.
You have no experience in the restaurant industry do you. You like just, coming up with numbers...10X
I am starting to get the feeling that I am wasting my time here with a kid or someone that has NO idea of actual figures.






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threeputt
Notre Dame Fan
God's Country
Member since Sep 2008
21743 posts

re: Galatoire's Bistro


When did I ever talk about what they gross???? Im talking about what they make after all expenses each year.


You said the FQ location makes at least 5 million dollars a year. No way the ownership brings home near that each year. Not. Even. Close.



This post was edited on 1/30 at 3:14 pm


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djrunner
LSU Fan
Baton Rouge
Member since Jun 2010
1157 posts

re: Galatoire's Bistro


Actually I said Gross.
I'm done here.






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threeputt
Notre Dame Fan
God's Country
Member since Sep 2008
21743 posts

re: Galatoire's Bistro


I know you said gross ... then you said they make 5 million a year ... I have never mentioned gross .. I am talking about what the owner takes home. He will take hime more money from the BR location. A lot more.


Eta: I even said that the FQ location will make a lot more revenue than BR. I am not talking about gross profits or revenue



This post was edited on 1/30 at 8:02 pm


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djrunner
LSU Fan
Baton Rouge
Member since Jun 2010
1157 posts

re: Galatoire's Bistro


As I stated 3 putt, a fine dinning restaurant makes very low percentage of profit compared to most businesses. I was very specific with my percentages.
Read my post, I have a long history in the restaurant business. Your 1000% increase or 10 times the money is such a misinforming guess based on the industry. You obviously, again, have no idea what you are talking about. In reality, depending on the lease, you are really only talking about a couple of percentage points at best.






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lucasmolbert
Member since Feb 2013
1 post

re: Galatoire's Bistro


As the general manager for Galatoire’s Bistro, thank you for providing feedback about dining with us. We are interested in what everyone has to say about their dining experience and take it seriously.

Offering Baton Rouge’s finest Louisiana cuisine in a comfortable setting is our goal, and we are working to improve every day. We appreciate everyone’s interest in Galatoire’s Bistro during these opening weeks.






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