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I can see where the 7 million dollars went

Posted on 6/4/11 at 2:41 pm
Posted by ELLSSUU
Member since Jan 2005
8079 posts
Posted on 6/4/11 at 2:41 pm
I know yet another Northshore Chimes thread but that restaurant facility is impressive
Posted by Tiger Authority
Member since Jul 2007
29476 posts
Posted on 6/4/11 at 2:45 pm to
They do it right when they build a facility. Their renovation years and years ago to the original location is unreal considering what it was before.
Posted by Hermit Crab
Under the Sea
Member since Nov 2008
7434 posts
Posted on 6/4/11 at 2:47 pm to
they put 7 million in a restaurant? going to be a long time before that ever makes any money
Posted by ELLSSUU
Member since Jan 2005
8079 posts
Posted on 6/4/11 at 4:28 pm to
You would be surprised. Restaurants are expensive ventures when done right. It'll be nice this fall when the Bayou Overlook is done.
This post was edited on 6/4/11 at 4:29 pm
Posted by RummelTiger
Official TD Sauces Club Member
Member since Aug 2004
93617 posts
Posted on 6/4/11 at 5:01 pm to
quote:

You would be surprised. Restaurants are expensive ventures when done right. It'll be nice this fall when the Bayou Overlook is done.



Yeah, in NY, LA, Chicago, SF... But the N'shore? Um, no.
Posted by coolpapaboze
Parts Unknown
Member since Dec 2006
21789 posts
Posted on 6/4/11 at 6:01 pm to
quote:

You would be surprised. Restaurants are expensive ventures when done right. It'll be nice this fall when the Bayou Overlook is done.

That is fricking stupid expensive for a restaurant and almost guarantees it will fail. The restaurant business is tough and I think one of the biggest mistakes new restaurants make is putting way too much into the space, and not enough into the food. So many places build a new building, when there are many options available to lease. Maybe it's just my conservative risk averse nature, but I'd get a loyal clientele hooked with good food, and worry about the space later.
Posted by Politiceaux
Member since Feb 2009
17667 posts
Posted on 6/4/11 at 6:07 pm to
quote:

7 million dollars

I'm not saying you're wrong, but link?
Posted by CrawfishKing
Member since Sep 2007
363 posts
Posted on 6/4/11 at 6:16 pm to
I dont think it will have trouble paying for itself, every other location seems to do well.
Posted by ELLSSUU
Member since Jan 2005
8079 posts
Posted on 6/4/11 at 6:44 pm to
We will see in a years time wether it sinks or swims. One thing going for it is there is very little like it on the Northshore. Second thing is that it is packing them in every night. Northshore eateries were slow to revamp for a new style crowd after Katrina. This new crowd eats out on weekdays. The chimes, IMO, is a right time, right place deal.
Posted by Spankum
The Sip
Member since Jan 2007
62189 posts
Posted on 6/4/11 at 7:06 pm to
agreed...hell of an impressive place....gonna be really sweet looking after a few months when the wood gets weathered....

it is a hell of a big place and was slam full of people at lunch when I went....
Posted by nolanola
Member since Nov 2010
7636 posts
Posted on 6/4/11 at 8:20 pm to
You can build the facility -- your customers are paying for it.
Posted by notiger1997
Metairie
Member since May 2009
61723 posts
Posted on 6/4/11 at 10:45 pm to
They will sell more than enough beer to pay for this place. Just one of those kind of places that you know will do well.
Posted by Teamgravy
Baton Rouge
Member since Feb 2008
256 posts
Posted on 6/4/11 at 11:34 pm to
$30K revenue/day is real steady... Think it was a wise move. Northshore residents have highest household income in the state. Untapped and underappreciated market IMO. Plus, no real advertising or marketing expense. All word of mouth and "LSU memories".
Posted by TigahRag
Sorting Out OT BS Since 2005
Member since May 2005
132775 posts
Posted on 6/5/11 at 7:48 am to
it will stll take years to pay off a $7 million nut with interest at $30K/day ... then wait until a walk on's or something else moves right down the street ..
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