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Message
re: Velvet Cactus (Baton Rouge) Opens Monday (1/19)
Posted on 1/19/15 at 10:43 am to jordan21210
Posted on 1/19/15 at 10:43 am to jordan21210
quote:
I think the initial cash spent to open and the location will sink them before food does.
While I don't have access to their accountant, spending $2.5 million ain't so bad. For a 7,000 sq.ft. (I'm estimating here) restaurant, their annual sales will be around $2 million, and possible much more IF 1) the food is good (as determined by the people that live, work, play and shop in that area) and 2) the location doesn't hurt them.
The parking has been expanded. There is a east bound turning lane. They made themselves as visible as they possible could. They tore the other old bad karma restaurant building down. I'm sure they will be promoting the restaurant in some way.
I think they did all they could do to overcome that location. Will it be enough? I think so. There's a lot more going on in that area now than it was with the previous restaurants. Also, this ain't no breakfast joint.
They open today at 4:30. I predict they will be the tits.
Posted on 1/19/15 at 6:45 pm to Langland
If you think $2 million in sales will be enough to cover the 2.7 million they spent to build that place you are incorrect.
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