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re: Iverstine Farms Butcher Shop

Posted on 4/27/16 at 5:58 pm to
Posted by gmrkr5
NC
Member since Jul 2009
14887 posts
Posted on 4/27/16 at 5:58 pm to
Id have no problem with pitching in $200 if my hundred is repayed with $200 worth of meat when they open. This really is a donation folks. I certainly dont need a $200 chicken deboning lesson

I digress, hope they hit their mark. Im looking forward to being able to get their stuff in a brick and mortar
This post was edited on 4/27/16 at 5:59 pm
Posted by cgrand
HAMMOND
Member since Oct 2009
38652 posts
Posted on 4/27/16 at 6:04 pm to
commercial construction loans are near impossible to get right now
I haven't built anything for individual owners in years, and the last deal I had with financing fell thru after we'd done all the design and we're ready to dig
Posted by Martini
Near Athens
Member since Mar 2005
48829 posts
Posted on 4/27/16 at 7:06 pm to
Apparently they have that done. The address is just down from your old place at Rouzan or in that area. Looks to be part of it. The Kickstarter is for kitchen equipment.

And the only one I would consider is the $150 crate of meat.

My best guess is they are going to lease the building.
This post was edited on 4/27/16 at 7:07 pm
Posted by cgrand
HAMMOND
Member since Oct 2009
38652 posts
Posted on 4/27/16 at 7:10 pm to
that's what I would do
find investors to build to suit then triple net lease the space
the last thing a start up needs to be in is the real estate business

I think I will kick in 150 for the crate
that sounds like an excellent return on investment
Posted by Jackalope
Paris. (Austin Native)
Member since Apr 2009
2252 posts
Posted on 4/27/16 at 8:10 pm to
Like every other ambitious restaurant/business in BR, I give it a 90% chance of never opening due to all the red tape the city/parish government imposes.

I hope it happens however
Posted by Jambo
Baton Rouge
Member since Aug 2009
2236 posts
Posted on 4/27/16 at 9:47 pm to
quote:

Like every other ambitious restaurant/business in BR, I give it a 90% chance of never opening due to all the red tape the city/parish government imposes.


No joke. It's a marathon to see who can not bleed out and go broke while waiting on them to move forward on ANYTHING these days.
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16833 posts
Posted on 4/28/16 at 1:32 am to
I've bought chickens, pork bellies, pork neck bones, and port feet at farmers market. Good stuff.
Posted by Salmon
On the trails
Member since Feb 2008
83525 posts
Posted on 4/28/16 at 7:21 am to
quote:

Do you mind me asking where as I think you live near where I do?



Mahaffey Farms
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
101915 posts
Posted on 4/28/16 at 9:28 am to
I contributed... not even ashamed. mmmmmm, sausage.



Does that make me sound gay?



Not that there's anything wrong with that.
Posted by BMoney
Baton Rouge
Member since Jan 2005
16257 posts
Posted on 4/28/16 at 9:39 am to
quote:

No joke. It's a marathon to see who can not bleed out and go broke while waiting on them to move forward on ANYTHING these days.


Well, they poured the slab the other day. Talked to Galen last week, and he's hoping to open some time in July. He said it's much easier to build it how you want it than to try to retrofit some place that was something else before.
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 4/28/16 at 10:23 am to
How is using kickstarter any different from having friends/family help you out? The only difference is that kickstarter more efficiently spreads the word. If you don't like "free" money, you certainly don't have to contribute.

I'd rather give a startup business $5 than give the same $5 to a panhandler, or to a bunch of kids shaking cans for sports uniforms/trips. Isn't it great that we all get to choose where to spend our money?

Aside: when Chris Rose (author) put up a a kickstarter to raise money to fund his lifestyle while writing his next book, I found it kinda distasteful. Writing requires no equipment, startup costs, etc. He just didn't want to work at another job while writing. That is reaching for luxury & privilege on other people's money....not remotely the same as coming up w/startup equipment costs.
Posted by BoostAddict
Member since Jun 2007
2986 posts
Posted on 4/28/16 at 10:24 am to
Galen is a good dude... pretty amazing what he and his family have done.
Posted by gmrkr5
NC
Member since Jul 2009
14887 posts
Posted on 4/28/16 at 10:42 am to
quote:

How is using kickstarter any different from having friends/family help you out? The only difference is that kickstarter more efficiently spreads the word. If you don't like "free" money, you certainly don't have to contribute.


asking friends and family is one thing, asking the general public is another. it's called a donation.

i'll contribute buy continuing to buy their products when they open.
Posted by ChuckP23
Member since Mar 2016
14 posts
Posted on 4/29/16 at 2:24 pm to
I know Galen but that's about the extent of it. I just don't see the problem with using Kickstarter to fund your project. That's what it was created for.
This post was edited on 4/29/16 at 2:29 pm
Posted by ChuckP23
Member since Mar 2016
14 posts
Posted on 4/29/16 at 2:26 pm to
quote:

Apparently this is the guy that's got something to do with the whole Jay Ducote Taco Shop Food Court Contraption Thing. I forgot the whole story, but he showed up a few weeks ago, I think.


Yes, I work for Jay.
Posted by ChuckP23
Member since Mar 2016
14 posts
Posted on 4/29/16 at 2:27 pm to
quote:

Apparently this is the guy that's got something to do with the whole Jay Ducote Taco Shop Food Court Contraption Thing. I forgot the whole story, but he showed up a few weeks ago, I think.


Yes, I work for Jay. I sell his products. I don't make tacos though but I'm sure they'll be delicious.
Posted by tigerman191
Baton Rouge
Member since Feb 2009
153 posts
Posted on 4/29/16 at 3:42 pm to
I don't like the Kickstarter. What happened to putting together and business plan and getting a loan? I don't think that it is fair way to raise capitol. Would love to have a quality place in Baton Rouge, but I won't put up money for a business for no return on investment.
This post was edited on 4/29/16 at 3:44 pm
Posted by Salmon
On the trails
Member since Feb 2008
83525 posts
Posted on 4/29/16 at 3:45 pm to
quote:

but I won't put up money for a business for no return on investment.


then don't
Posted by bosoxjo13
Baton Rouge
Member since Jun 2008
3249 posts
Posted on 4/29/16 at 3:48 pm to
quote:

I don't think that it is fair way to raise capitol


Fair? Exactly what is unfair about giving people a chance to contribute to your start up cost, and in return giving them back a little something. It creates a sense of community that can go a long way in a business like this. It's not like anyone is being unfairly forced to give money.
Posted by Martini
Near Athens
Member since Mar 2005
48829 posts
Posted on 4/29/16 at 7:42 pm to
quote:

Iverstine Farms Butcher Shop I don't like the Kickstarter. What happened to putting together and business plan and getting a loan? I don't think that it is fair way to raise capitol. Would love to have a quality place in Baton Rouge, but I won't put up money for a business for no return on investment.


I'm sure he did that and part of his business plan was to raise capital from the general public. If you read the page you receive items in return for your investment. Some to me are better than others but nevertheless you can pick what you want or opt to pass. This is 2016 and how finance is evolving.
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