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Posted on 11/16/23 at 5:21 pm to Duck
If Canes had any sort of season or spice to their chicken I would eat there more than once a month.
Posted on 11/16/23 at 5:23 pm to Saunson69
quote:
Market Cap can be anywhere usually from 4-10x adjusted earnings too (based on industry, not sure about fast food), which Cane's is $650 mil TTM. I'd put him below $5 bil just based on that unless he's raking in dough elsewhere outside Cane's
All of his net worth isn’t in the company, though. Surely he owns many of the franchises (is it organized that way?), and perhaps he harvested huge earnings in many years.
Posted on 11/16/23 at 5:27 pm to Thecoz
quote:
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)
Todd Graves went to UGA. The other guy he started it with went to LSU
quote:
Graves was born in New Orleans, Louisiana, and raised in Baton Rouge. Graves graduated from Episcopal High School in Baton Rouge. Graves attended the University of Georgia, where in 1994 he received a degree in telecommunications.
This post was edited on 11/16/23 at 5:31 pm
Posted on 11/16/23 at 5:39 pm to Thecoz
quote:
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)
Lowkey a tourist attraction… I made sure I ate there when I went to the Box
Posted on 11/16/23 at 5:40 pm to Duck
Wouldn’t that make him the richest person in the state ?
Posted on 11/16/23 at 5:44 pm to Duck
Here come the fat baws claiming that a 1300 calorie meal is too small
Posted on 11/16/23 at 5:52 pm to Duck
They have an insane amount of headroom left to grow too. Their same store sales are actually growing. Graves built an impressive empire.
Posted on 11/16/23 at 5:54 pm to CatfishJohn
Canes beats the hell out of Zaxby’s too.
Posted on 11/16/23 at 6:00 pm to Penrod
quote:
Surely he owns many of the franchises
Let's just say he has aggressively pursued the those that were franchised.
Posted on 11/16/23 at 6:02 pm to jcaz
Considering Popeyes tenders are the same size they have always been, Canes already did.
Posted on 11/16/23 at 6:04 pm to dewster
He also had fantastic timing with Dr. Hill’s FastTracs closing down leaving a bunch of grade A real estate corners and a man looking to keep them cash flowing who liked Todd.
Kudos to him. I remember him working those first couple of locations hard when I went through rhe drive thru’s - with a smile.
Kudos to him. I remember him working those first couple of locations hard when I went through rhe drive thru’s - with a smile.
This post was edited on 11/16/23 at 6:06 pm
Posted on 11/16/23 at 6:09 pm to Duck
The box combo actually fills me up unlike CFA.
Posted on 11/16/23 at 6:11 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.
If it's true that they own all the real estate, then that might explain it.
Regardless of how great anyone thinks their food is, the fact is they wrap cars around the building all day, and cause traffic problems at rush hour.
Some people love their deep-fried grease more than others.
Posted on 11/16/23 at 6:12 pm to Saunson69
I heard a podcast that he owns majority of the real estate and store builds and rents them back to the company. All we are looking at is the restaurant.
Posted on 11/16/23 at 6:18 pm to Rendevoustavern
quote:
I heard a podcast that he owns majority of the real estate and store builds and rents them back to the company
That would make sense and that’s the way to do it.
Posted on 11/16/23 at 6:22 pm to Thecoz
This is true. He came back to BR to develop the idea and his roommate (cannot remember his name) was a business major and presented it as his seminar project and the professor said this is not something the market would want or need.
Posted on 11/16/23 at 6:27 pm to Rendevoustavern
So he says. He later said he made a B in that class.
Posted on 11/16/23 at 6:41 pm to braves21
Not arguing his grade, but it is true the professor did not like the idea.
Similar situation to FedEx founder. That professor said having all mail being sent to a hub and then back out was illogical and costly.
There are also millions of ideas that professors said were bad ideas and still are and ideas they liked that bombed. These are just outliers.
Similar situation to FedEx founder. That professor said having all mail being sent to a hub and then back out was illogical and costly.
There are also millions of ideas that professors said were bad ideas and still are and ideas they liked that bombed. These are just outliers.
Posted on 11/16/23 at 6:41 pm to X123F45
quote:I can’t decipher this.
Let's just say he has aggressively pursued the those that were franchised.
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