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Posted on 11/16/23 at 4:01 pm to Saunson69
quote:
Crazy, the meals aren't even that good.
I love when people say that yet they sell the shite out of them. I’m not arguing one way or another I’ve only had it once many years ago. But they are doing something right.
With it being a private company they also own all the real estate so there’s that equity to add to the evaluation.
Posted on 11/16/23 at 4:02 pm to Obtuse1
quote:
am always fascinated with people that keep working when they could sell out for 1 billion or more (even less).
People capable of building a chicken shack into a multi-billion dollar empire are compelled by something most of us don't understand.
Posted on 11/16/23 at 4:03 pm to baldona
quote:
Crazy, the meals aren't even that good.
I love when people say that yet they sell the shite out of them. I’m not arguing one way or another I’ve only had it once many years ago. But they are doing something right.
With it being a private company they also own all the real estate so there’s that equity to add to the evaluation.
Well for some Louisiana folks it's relative. We remember the first location at LSU with HUGE, fresh chicken fingers and 1 more tender than you get now in the box combo. The quality and quantity has gone down as he scaled, dramatically.
It's still pretty good to most, but for us, it's very poor relative to the OG. I'll still eat it with my kids though.
Posted on 11/16/23 at 4:04 pm to CatfishJohn
Also I hope he keeps getting richer because he's a huge LSU booster 
He can be our chicken finger T. Boone Pickens or Phil Knight
He can be our chicken finger T. Boone Pickens or Phil Knight
Posted on 11/16/23 at 4:04 pm to CatfishJohn
quote:
I bet he'd get 2-3b for Canes as it is today. At most.
That’s on the high end.
You have to take into consideration that it probably cost $2mm to build each store and he doesn’t necessarily own each piece of real estate that he builds on. So you can add another $1mm into each store.
So if he does own the real estate he paid premium $$$ to purchase and develop it.
If he’s leasing it he’s paying top dollar, like $5k-$10k a month.
Posted on 11/16/23 at 4:06 pm to baldona
quote:
With it being a private company they also own all the real estate so there’s that equity to add to the evaluation.
No they don’t
Posted on 11/16/23 at 4:08 pm to baldona
quote:
With it being a private company they also own all the real estate
Say what?
Posted on 11/16/23 at 4:08 pm to Duck
quote:
Graves, 51, maintains an ownership interest of almost 90% in the closely held business
I’m now reminded of the guy who adamantly argued that Canes was now run by Chinese a few weeks back because he sold Panda Express’s holding company exclusive rights to open Cane’s franchisees in Alaska and Hawaii.
I’m sure gymnastics will follow
This post was edited on 11/16/23 at 4:13 pm
Posted on 11/16/23 at 4:09 pm to baldona
quote:
With it being a private company they also own all the real estate so there’s that equity to add to the evaluation.
So if you are publically traded, you have to lease?
Posted on 11/16/23 at 4:10 pm to Duck
Can he get us some better recruits now
Posted on 11/16/23 at 4:11 pm to Tangineck
quote:
People capable of building a chicken shack into a multi-billion dollar empire are compelled by something most of us don't understand.
I understand that and it is exactly what I am fascinated by. I know it shifts from money to power for many of them but I just can't wrap my mind around the concept of needing more than a billion dollars.
Posted on 11/16/23 at 4:11 pm to tgrbaitn08
quote:
With it being a private company they also own all the real estate so there’s that equity to add to the evaluation.
That’s gotta be one of the dumbest statements I’ve ever read on this site
That’s including some of my own post
Posted on 11/16/23 at 4:20 pm to Saunson69
quote:
In addition, usually (very rough measure) that a company's market cap to last 12 months revenue ratio is 1 to 1
Wut? I typically see 3-5 years used in valuations of non traded companies.
Posted on 11/16/23 at 4:20 pm to Duck
Great maybe now he can lower the prices a bit. I spent $35 on two Caniac’s a couple weeks ago. Was flabbergasted when they said the prices
Posted on 11/16/23 at 4:51 pm to Duck
There's no fricking way
Posted on 11/16/23 at 4:53 pm to Saunson69
quote:
Crazy, the meals aren't even that good.
It was nectar of the gods after drinking all night circa 1998. Not very appealing nowadays plus way more money
Posted on 11/16/23 at 4:56 pm to CatfishJohn
quote:
No one/business/entity would pay 8 billion dollars for Raising Canes. These things are all hypothetical written by valuation nerds. The free market would value that much less IMO.
Eh, maybe.
Cava is a growing restaurant business like Canes. ~$4B market cap on $670mm in revenues and no profits of which to speak.
Posted on 11/16/23 at 4:58 pm to Obtuse1
quote:
I am always fascinated with people that keep working when they could sell out for 1 billion or more (even less). Even with very basic conservative money management the passive income would top $50 million a year. It would be a job just to spend a billion dollars in a lifetime and I have pretty expensive tastes (that I can not indulge 'cause I am po). You would have to buy shite just to buy shite.
Because people who build that much wealth through work have an internal drive that they can't sit idle and do nothing but spend money.
Posted on 11/16/23 at 5:07 pm to fwtex
Do not know if the story is true but the legend is .. he presented his business model of canes to his prof in some LSU business class.. Prof said that you needed to diversify your product and could not build a business one one product… Gave him a C on his project..
Yeah the prof probably had to walk by the original canes location every day and shake his head.. ( fyi cane number one is one block off campus next to the apartment Todd lived in when in college)
Yeah the prof probably had to walk by the original canes location every day and shake his head.. ( fyi cane number one is one block off campus next to the apartment Todd lived in when in college)
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