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Started By
Message
re: Fleur De Liz Pizza For Sale - $4.5 million
Posted on 3/9/23 at 9:38 pm to SixthAndBarone
Posted on 3/9/23 at 9:38 pm to SixthAndBarone
You managed maybe three decent examples, one of which closed
Now name the dozens of other non chain restaurants that this board vouches for constantly
It’ll be more than three. Hell a couple from your list will be included
Now name the dozens of other non chain restaurants that this board vouches for constantly
It’ll be more than three. Hell a couple from your list will be included
2
Posted on 3/10/23 at 11:19 am to Sun God
He'll probably list Supper Club. It's interesting to see the hills that Sixth likes to die on....
Posted on 3/10/23 at 11:37 am to LouisianaLady
quote:
I’ve literally never seen any consensus on this board hating Gino’s, LA Lagniappe, or Ruffinos and I’ve been here since I was a teenager. Superior is only hated for the prices and was mentioned in the question to you. Pastime is the same garbage pail that FDL was.
Exactly right.
Posted on 3/10/23 at 11:59 am to jaytothen
I actually really loved their food, but the service was horrible.
Successful places that catch (deserved) hate:
Druscilla’s
TJ Ribs
Voodoo BBQ
The Pastime
Jay’s BBQ
Successful places that catch (deserved) hate:
Druscilla’s
TJ Ribs
Voodoo BBQ
The Pastime
Jay’s BBQ
This post was edited on 3/10/23 at 12:06 pm
Posted on 3/10/23 at 12:08 pm to Sun God
His list was complete garbage.
Fleur De Lis-why even include this? The entire thread is about the place
pastime-legit. place sucks and the owners suck. I hope they close
Superior-I said besides this
Canes-fast food and I don't see anyone ever hoping they close. The owner earned a ton of praise during covid
Lagniappe-wut
Gino’s-wut
Ruffinos-wut
So 1 legit answer.
Fleur De Lis-why even include this? The entire thread is about the place
pastime-legit. place sucks and the owners suck. I hope they close
Superior-I said besides this
Canes-fast food and I don't see anyone ever hoping they close. The owner earned a ton of praise during covid
Lagniappe-wut
Gino’s-wut
Ruffinos-wut
So 1 legit answer.
Posted on 3/10/23 at 12:33 pm to kingbob
quote:
Successful places that catch (deserved) hate:
Drusilla’s- has gone downhill
TJ Ribs-has gone downhill
Voodoo BBQ- serves cold food
The Pastime- hot garbage
Jay’s BBQ- have only eaten there once, we always had padnuhs or sonnys back in the day
Not sure why the downvotes
Posted on 3/10/23 at 12:40 pm to SixthAndBarone
quote:
YES, the owners let it get out of date and didn’t upgrade for modern times, but they were happy working with the way it was and finally decided to stop working and live their lives with their money
I don’t think you understand how valuations work
Posted on 3/10/23 at 1:06 pm to BilJ
Shut up bitch
Posted on 3/10/23 at 1:32 pm to madamsquirrel
I'm guessing the first line with really loving their food.
Posted on 3/10/23 at 2:25 pm to Papercutninja
I've never been to this place... but in general...
1) 4.5M would be an awesome win for the owners if the restaurant was a going concern that the new owner could just step right in, the old owners stay to transition, and everything keeps moving as normal.
4.5M for real estate and equipment, much of which sounds like it needs an upgrade / repair? Yikes.
2) 70 years is a hell of a run.
3) One of the issues with long-running businesses is they start to think that change won't apply to them. "We've always done it this way" becomes the mantra, and they take things for granted.
4) They are asking $4.5M because this is likely their retirement plan.
1) 4.5M would be an awesome win for the owners if the restaurant was a going concern that the new owner could just step right in, the old owners stay to transition, and everything keeps moving as normal.
4.5M for real estate and equipment, much of which sounds like it needs an upgrade / repair? Yikes.
2) 70 years is a hell of a run.
3) One of the issues with long-running businesses is they start to think that change won't apply to them. "We've always done it this way" becomes the mantra, and they take things for granted.
4) They are asking $4.5M because this is likely their retirement plan.
Posted on 3/10/23 at 6:10 pm to LSUFanHouston
So they were open 70 years (I lived right down Government for many years and went inside once. It was disgusting and yes, they were rude.) I have to assume, the very unfriendly owners were not 90 year old's and opened in their 20's. Again, I assume, it was handed down from people who had better attitudes with the local community and got a following, based on people's sentiments and fond recollection, from days gone by. Folk-lore, if you will. Then the subsequent generations realized their parents & grandparents had a very different experience. And that the modern dining adventure at FDL involved crappy service to the point of rudeness, cash only and an extremely dirty establishment.
Posted on 3/10/23 at 9:25 pm to Papercutninja
I lived in Baton Rouge for a long time and have never heard of it.
Posted on 3/10/23 at 9:28 pm to Papercutninja
I offered 3.5. No word.
Posted on 3/11/23 at 9:14 am to Papercutninja
I think 1/10 of that asking price would be a more realistic one.
Posted on 3/11/23 at 9:19 am to McCauley
The restaurant is on a large lot in a desirable commercial area of town. The lot is worth the most. I’m not a realtor, but I wouldn’t be surprised if the lot alone is worth 3 million.
Posted on 3/11/23 at 9:27 am to SixthAndBarone
The old burned Brewbrachers down the street is listed at 1.2 million
Posted on 3/11/23 at 6:33 pm to wickowick
Basically are the name and recipes worth $4 million? Because that’s the only way they get that much. Anyone can open a pizza place anywhere for $500k. So the premium is for the name and recipes. If it was shitty pizza they’re not gonna get half of that.
I just looked up pictures. They’re not getting 4.5
I just looked up pictures. They’re not getting 4.5
This post was edited on 3/11/23 at 6:35 pm
Posted on 3/11/23 at 6:54 pm to Chucktown_Badger
Maybe the real estate is worth 500k there but that building is so old it would take a lot to rehab it. 4.5 million on a cash business you can't put a value on is ridiculous. I don't care what nostalgia says.
Posted on 3/11/23 at 7:17 pm to wickowick
quote:
The old burned Brewbrachers down the street is listed at 1.2 million
That’s about what the Fleur De Lis lot is worth. The business itself? Maybe 400-500k. I could make it viable for that.
Posted on 3/11/23 at 7:23 pm to Chucktown_Badger
quote:
Basically are the name and recipes worth $4 million? Because that’s the only way they get that much.
You’re way off, that property is what’s valuable. Commercial properties sell for millions. The building may not be worth much but the land right there is.
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