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re: Nola restaurant and bar renaissance
Posted on 7/27/20 at 1:33 pm to The Levee
Posted on 7/27/20 at 1:33 pm to The Levee
quote:
I might wait a few months then start some venture capitalist campaigns to find great cooks and do research on efficient/ pandemic resistant restaurants and bars.
I see it as an opportunity
I’ve got a couple of ideas on my back pocket
I get it, but there will be plenty of people with deep pockets ready to open up the NOLA food & drink scene when the time is right.
ETA: The hot spots will be snatched up well before the recovery is even here. Some will risk burn through in the downswing with the hopes to recoup when it recovers.
This post was edited on 7/27/20 at 1:38 pm
2
Posted on 7/27/20 at 1:33 pm to The Levee
That specific spot doesn’t. But broadway to Napoleon is bustling bruh. They even building a Rouses
Posted on 7/27/20 at 1:36 pm to Y.A. Tittle
quote:
20 years ago that spot was slinging out legit NY style pizzas. No reason they can't do so again.
Same with NY Pizza on Magazine (formerly on Carrollton). It's criminal THAT place is still holding onto the same name.
Good lord yes on both counts.
Boot Pizza has been both excellent and horrible, like some sine curve of restaurant potential, over the last 30 years. It could easily be good again. I ate many a lunchtime slice sold thru the sidewalk window after degreasing it with a few napkins. For a while, Loyola had an outpost of Slice, but it didn't last. There is MidCity pizza on Claiborne, but it's too far from the campus core to catch hungry people in the middle of the day.
I dunno if the Lowerline/Freret location has sufficient visibility to catch lazy undergraduates. You need a small footprint and low rent to make a slice shop work in that area. Kinda like the Bayou Hot Wings setup--a few spots at a standup counter, and a lot of to-go business.
Posted on 7/27/20 at 1:41 pm to xXLSUXx
Yeah, I think right after the Summer is over is the time to pounce. Business for places will be at an all time low and a ton of places are going to go under. That's just the reality.
Fall/Winter things may start to pick back up, and when we start seeing news about the results of a cure like Regeneron is working on or the vaccines, travel will start to increase again.
You'll have to be able to weather things out a bit until Spring when it should kick back into high gear.
Fall/Winter things may start to pick back up, and when we start seeing news about the results of a cure like Regeneron is working on or the vaccines, travel will start to increase again.
You'll have to be able to weather things out a bit until Spring when it should kick back into high gear.
Posted on 7/27/20 at 2:01 pm to xXLSUXx
quote:
The hot spots will be snatched up well before the recovery is even here. Some will risk burn through in the downswing with the hopes to recoup when it recovers.
This is exactly what I’m talking about. I’d take that risk
And if you don’t have the right timing, others will....
This post was edited on 7/27/20 at 2:02 pm
Posted on 7/27/20 at 2:24 pm to The Levee
What’s your background guy
Posted on 7/27/20 at 2:32 pm to Lester Earl
Just a dude in Metry trying to get ahead.
Posted on 7/27/20 at 2:35 pm to The Levee
I mean like restaurant background or just investor ?
Posted on 7/27/20 at 2:37 pm to The Levee
Go for it.
I guess my $0.02 is to focus on solid restaurant business strategy, regardless of a pandemic. You won't be operating in a pandemic, and there's always turnover in the NOLA restaurant & bar scene. And getting into the game too early, to get the jump on others, is a good way to lose a lot of money if you don't have experience with this.
I guess my $0.02 is to focus on solid restaurant business strategy, regardless of a pandemic. You won't be operating in a pandemic, and there's always turnover in the NOLA restaurant & bar scene. And getting into the game too early, to get the jump on others, is a good way to lose a lot of money if you don't have experience with this.
Posted on 7/27/20 at 3:08 pm to Lester Earl
Investor with some more behind me
Posted on 7/27/20 at 3:09 pm to xXLSUXx
[quote]I guess my $0.02 is to focus on solid restaurant business strategy, regardless of a pandemic. You won't be operating in a pandemic, and there's always turnover in the NOLA restaurant & bar scene. And getting into the game too early, to get the jump on others, is a good way to lose a lot of money if you don't have experience with this. [/quote
Unless the model is a money printer, I’d probably just flip ]
Unless the model is a money printer, I’d probably just flip ]
Posted on 7/28/20 at 6:11 am to BlackenedOut
quote:
By best estimates, the population of the greater New Orleans area is around 1 million. By estimates of tourism industry leaders, the New Orleans region sees about 8-9 million people per year as visitors. We have something like 1300-1500 restaurants not including fast service chains. Maybe more, maybe less. All #s relative ballpark.
It's all how fast tourism comes back. Tourists are eating 100% of their meals out. Two people coming into town for a long weekend will have the same restaurant spend the average local couple will have in a month.
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