- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Popular NOLA Restaurant can't survive a two week closure
Posted on 12/17/24 at 12:28 pm
Posted on 12/17/24 at 12:28 pm
LINK
The restaurant is Maypop
This place has been open 8 years and can't survive two weeks of closure?
Do they not have business interuption insurance? Decent savings at this ooint? A way to trim costs? Ability to go after the entity that caused the temporary closure?
My experience has been that restaurants are pretty terrible businesses, run by people who have no idea how to run a business, and this seems like more proof.
quote:
“Whatever happens, we’re already losing five days of revenue in the busiest time of year, that’s not how restaurants can function,” Gulotta said.
“If I can get open this week, we’ll pull money out of our savings and do it,” he said. “If it’s going to be two weeks, it’s not going to happen.”
The restaurant is Maypop
This place has been open 8 years and can't survive two weeks of closure?
Do they not have business interuption insurance? Decent savings at this ooint? A way to trim costs? Ability to go after the entity that caused the temporary closure?
My experience has been that restaurants are pretty terrible businesses, run by people who have no idea how to run a business, and this seems like more proof.
This post was edited on 12/17/24 at 2:52 pm
24
Posted on 12/17/24 at 12:31 pm to LSUFanHouston
Sir this is a Wendy’s
Posted on 12/17/24 at 12:31 pm to LSUFanHouston
What restaurant?
Posted on 12/17/24 at 12:32 pm to LSUFanHouston
quote:
Popular NOLA Restaurant
This reads like clickbait. Just say who it is.
Posted on 12/17/24 at 12:32 pm to LSUFanHouston
quote:
My experience has been that restaurants are pretty terrible businesses, run by people who have no idea how to run a business, and this seems like more proof.
What is your experience?
Or are you talking out of your arse?
Posted on 12/17/24 at 12:32 pm to LSUFanHouston
Let's be honest, most small businesses are poorly run.
Posted on 12/17/24 at 12:32 pm to LSUFanHouston
terrible link. Trying to sell a subscription?
Posted on 12/17/24 at 12:33 pm to LSUFanHouston
quote:
Popular NOLA Restaurant can't survive a two week closure
The bubble may pop.
Posted on 12/17/24 at 12:33 pm to LSUFanHouston
I liked Maypop when I lived in Nola. Would be sad to see it go
Posted on 12/17/24 at 12:34 pm to LSUFanHouston
quote:
My experience has been that restaurants are pretty terrible businesses, run by people who have no idea how to run a business, and this seems like more proof.
I personally don't have the patience, but restaurants operate on a fairly thin margin so a 2 week dent in that would make a huge difference.
Just think about all the businesses that had to still pay rent for a store/restaurant that couldn't even be open during Covid.
Guy I know has a marquis restaurant here in town and he was on the hook for rent which was $50K/month during Covid with no money from the restaurant coming in.
Posted on 12/17/24 at 12:37 pm to LSUFanHouston
quote:
Ability to go after the entity that caused the temporary closure?
This is likely just fodder for that.
Posted on 12/17/24 at 12:38 pm to idlewatcher
quote:
I personally don't have the patience, but restaurants operate on a fairly thin margin so a 2 week dent in that would make a huge difference.
If you've been continuously operating for 8 years and two weeks is all it takes to wipe you out, you have objectively HORRIBLE asset management.
Posted on 12/17/24 at 12:42 pm to LSUFanHouston
OP should be banned for laziness.
Per the article:
Per the article:
quote:
Maypop restaurant in downtown New Orleans was forced to close swiftly after the adjacent building partially collapsed.
Posted on 12/17/24 at 12:47 pm to magildachunks
I may be misreading, but it kind of sounds like he's making shite up.
Posted on 12/17/24 at 12:51 pm to idlewatcher
quote:
rent which was $50K/month
This post was edited on 12/17/24 at 12:51 pm
Posted on 12/17/24 at 12:56 pm to FearTheFish
quote:
OP should be banned for laziness.
No kidding. Why all the cloak and dagger?
With the prices Gulotta charges at TANA in Metairie, he can afford the interruption for at least a month.
Posted on 12/17/24 at 12:56 pm to LegendInMyMind
Seems like Maypop is in the 10-12K/month range
Posted on 12/17/24 at 12:59 pm to HeyCap
quote:
TANA in Metairie
Went there for lunch last week. Phenomenal food.
Posted on 12/17/24 at 1:06 pm to FearTheFish
quote:
Maypop restaurant in downtown New Orleans was forced to close swiftly after the adjacent building partially collapsed.
Do they not have insurance that covers business interruption?
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News