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McClure's BBQ (3 Viewers)

'Tiger Fan said:
'otello said:
1. acer2. guster3....250.Profit
Assuming Tipsy wants to go that route, I'll bet it would be pretty simple to do it that way. I think Abraham laid out something like that earlier in this thread. I can think of a few people locally, who I'm pretty sure would want to be in for 5 shares at that price.
 
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'Tiger Fan said:
'otello said:
1. acer2. guster3....250.Profit
Assuming Tipsy wants to go that route, I'll bet it would be pretty simple to do it that way. I think Abraham laid out something like that earlier in this thread. I can think of a few people locally, who I'm pretty sure would want to be in for 5 shares at that price.
:coffee:
I'm all for it y'all....i just cannot be in charge of it. I nominate Tiger Fan to run that part for me (for a stipend of ribs n stuff of course :) ) but also...we should probably check with the FBG higher ups to make sure its kosher.The idea of a message board funded restaurant is actually pretty ground breaking and would probably get some press for that alone....just saying.
 
btw...I'm looking at a space on the newest restaurant corridor (Freret st) that may be high in rent...but instant dominance.

The space is an old boxing gym and can either be 1/2 of the building or the whole thing. 4K vs 8K in rent. The only way I need that much space is if McClure's also becomes a great place for watching the game...ie throw in a sports bar feel to the restaurant and sell enough beer alone to pay the 8k in rent.

I have never considered owning a place that cost me that much in the note alone. It is a dangerous thing for a family run restaurant to have that big of an overhead right out of the gates. That being said, I cannot help but look at the math of selling more beer & drinks and feel like it is a no brainer to get the whole space and just freaking go for it...why not...its all i have been doing lately.

 
btw...I'm looking at a space on the newest restaurant corridor (Freret st) that may be high in rent...but instant dominance. The space is an old boxing gym and can either be 1/2 of the building or the whole thing. 4K vs 8K in rent. The only way I need that much space is if McClure's also becomes a great place for watching the game...ie throw in a sports bar feel to the restaurant and sell enough beer alone to pay the 8k in rent. I have never considered owning a place that cost me that much in the note alone. It is a dangerous thing for a family run restaurant to have that big of an overhead right out of the gates. That being said, I cannot help but look at the math of selling more beer & drinks and feel like it is a no brainer to get the whole space and just freaking go for it...why not...its all i have been doing lately.
What are the other up front costs associated with each to convert the gym into what you need? Kitchen, smoker(s), bar, etc?ETA: Oh, and totally in for the FFA funded McClure's
 
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btw...I'm looking at a space on the newest restaurant corridor (Freret st) that may be high in rent...but instant dominance. The space is an old boxing gym and can either be 1/2 of the building or the whole thing. 4K vs 8K in rent. The only way I need that much space is if McClure's also becomes a great place for watching the game...ie throw in a sports bar feel to the restaurant and sell enough beer alone to pay the 8k in rent. I have never considered owning a place that cost me that much in the note alone. It is a dangerous thing for a family run restaurant to have that big of an overhead right out of the gates. That being said, I cannot help but look at the math of selling more beer & drinks and feel like it is a no brainer to get the whole space and just freaking go for it...why not...its all i have been doing lately.
What are the other up front costs associated with each to convert the gym into what you need? Kitchen, smoker(s), bar, etc?ETA: Oh, and totally in for the FFA funded McClure's
A tap & cooler for each FFA member that contributes? Sorry MOP...3 taps ain't gonna cut it. :banned: :banned: :banned: :banned:
 
Overhead.....

I may have missed it from the thread but I assume your largest cost other than labor / rent would be meat. Are you sourcing it from a butcher, farm, or store? May be able to save some cash there.

 
'Tiger Fan said:
'otello said:
1. acer2. guster3....250.Profit
Assuming Tipsy wants to go that route, I'll bet it would be pretty simple to do it that way. I think Abraham laid out something like that earlier in this thread. I can think of a few people locally, who I'm pretty sure would want to be in for 5 shares at that price.
:coffee:
I'm all for it y'all....i just cannot be in charge of it. I nominate Tiger Fan to run that part for me (for a stipend of ribs n stuff of course :) ) but also...we should probably check with the FBG higher ups to make sure its kosher.The idea of a message board funded restaurant is actually pretty ground breaking and would probably get some press for that alone....just saying.
i'll talk to you about it on saturday GB
 
'Tiger Fan said:
'otello said:
1. acer2. guster3....250.Profit
Assuming Tipsy wants to go that route, I'll bet it would be pretty simple to do it that way. I think Abraham laid out something like that earlier in this thread. I can think of a few people locally, who I'm pretty sure would want to be in for 5 shares at that price.
:coffee:
I'm all for it y'all....i just cannot be in charge of it. I nominate Tiger Fan to run that part for me (for a stipend of ribs n stuff of course :) ) but also...we should probably check with the FBG higher ups to make sure its kosher.The idea of a message board funded restaurant is actually pretty ground breaking and would probably get some press for that alone....just saying.
So, now I could deduct the "business" trips to NOLA? :popcorn:
 
btw...I'm looking at a space on the newest restaurant corridor (Freret st) that may be high in rent...but instant dominance. The space is an old boxing gym and can either be 1/2 of the building or the whole thing. 4K vs 8K in rent. The only way I need that much space is if McClure's also becomes a great place for watching the game...ie throw in a sports bar feel to the restaurant and sell enough beer alone to pay the 8k in rent. I have never considered owning a place that cost me that much in the note alone. It is a dangerous thing for a family run restaurant to have that big of an overhead right out of the gates. That being said, I cannot help but look at the math of selling more beer & drinks and feel like it is a no brainer to get the whole space and just freaking go for it...why not...its all i have been doing lately.
What's the worst that could happen here? Get some help from investors if need be and go for it. If it doesn't work, then it doesn't work. If you can financially afford to give it a go even if it fails after a year, then you owe it to yourself to do this. It could be epic. I'd have a hard time believing this would fail. At worst, you'll break even or close in either direction. The possibility of it being a massive success, esp. due to location and the reviews you've already gotten far outweighs those risks assuming it wouldn't cripple your family.
 
just looked at the space on Freret (that is pronounced Fra-air-et..lol) and the 1/2 half will be good. Rent will be 22 a sq ft, which equates to 3750 or so as an shell with HVAC, Electrical, Plumbing, etc already included in the build out. I need to cover the walls in corrugated, stain the concrete floor, build a bar style kitchen with a hood & grease trap, build an extra bathroom, get another smoker and the venting needed for that (biggest expense) and then equipment, tables, and the bar itself.

This is going to happen. I feel it in this space. Gold mine location...parking....other biz around me...easy to get the permits on this street....good press already...lets roll. :football:

 
just looked at the space on Freret (that is pronounced Fra-air-et..lol) and the 1/2 half will be good. Rent will be 22 a sq ft, which equates to 3750 or so as an shell with HVAC, Electrical, Plumbing, etc already included in the build out. I need to cover the walls in corrugated, stain the concrete floor, build a bar style kitchen with a hood & grease trap, build an extra bathroom, get another smoker and the venting needed for that (biggest expense) and then equipment, tables, and the bar itself.This is going to happen. I feel it in this space. Gold mine location...parking....other biz around me...easy to get the permits on this street....good press already...lets roll. :football:
:clap:
 
I really need to get to New Orleans. When I travel, my stomach leads the way to find new and interesting places to dine. Can't wait for the day I sit down at McClure's on Fra-air-et with a cold beer, some ribs and a few slices of brisket.

Keep it rollin'.

 
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just looked at the space on Freret (that is pronounced Fra-air-et..lol) and the 1/2 half will be good. Rent will be 22 a sq ft, which equates to 3750 or so as an shell with HVAC, Electrical, Plumbing, etc already included in the build out. I need to cover the walls in corrugated, stain the concrete floor, build a bar style kitchen with a hood & grease trap, build an extra bathroom, get another smoker and the venting needed for that (biggest expense) and then equipment, tables, and the bar itself.This is going to happen. I feel it in this space. Gold mine location...parking....other biz around me...easy to get the permits on this street....good press already...lets roll. :football:
:thumbup: :thumbup:
 
just looked at the space on Freret (that is pronounced Fra-air-et..lol) and the 1/2 half will be good. Rent will be 22 a sq ft, which equates to 3750 or so as an shell with HVAC, Electrical, Plumbing, etc already included in the build out. I need to cover the walls in corrugated, stain the concrete floor, build a bar style kitchen with a hood & grease trap, build an extra bathroom, get another smoker and the venting needed for that (biggest expense) and then equipment, tables, and the bar itself.This is going to happen. I feel it in this space. Gold mine location...parking....other biz around me...easy to get the permits on this street....good press already...lets roll. :football:
:clap:
:goodposting:Best of luck and make sure you make this happen!!I'll be down in October for a conference and plan on heading over there so you've got 6 months to get your #### together.
 
just looked at the space on Freret (that is pronounced Fra-air-et..lol) and the 1/2 half will be good. Rent will be 22 a sq ft, which equates to 3750 or so as an shell with HVAC, Electrical, Plumbing, etc already included in the build out. I need to cover the walls in corrugated, stain the concrete floor, build a bar style kitchen with a hood & grease trap, build an extra bathroom, get another smoker and the venting needed for that (biggest expense) and then equipment, tables, and the bar itself.This is going to happen. I feel it in this space. Gold mine location...parking....other biz around me...easy to get the permits on this street....good press already...lets roll. :football:
:thumbup:
 
just looked at the space on Freret (that is pronounced Fra-air-et..lol) and the 1/2 half will be good. Rent will be 22 a sq ft, which equates to 3750 or so as an shell with HVAC, Electrical, Plumbing, etc already included in the build out. I need to cover the walls in corrugated, stain the concrete floor, build a bar style kitchen with a hood & grease trap, build an extra bathroom, get another smoker and the venting needed for that (biggest expense) and then equipment, tables, and the bar itself.This is going to happen. I feel it in this space. Gold mine location...parking....other biz around me...easy to get the permits on this street....good press already...lets roll. :football:
see if you can get a 1st right of refusal for the 2nd half of the space if business is really good.
 
just looked at the space on Freret (that is pronounced Fra-air-et..lol) and the 1/2 half will be good. Rent will be 22 a sq ft, which equates to 3750 or so as an shell with HVAC, Electrical, Plumbing, etc already included in the build out. I need to cover the walls in corrugated, stain the concrete floor, build a bar style kitchen with a hood & grease trap, build an extra bathroom, get another smoker and the venting needed for that (biggest expense) and then equipment, tables, and the bar itself.This is going to happen. I feel it in this space. Gold mine location...parking....other biz around me...easy to get the permits on this street....good press already...lets roll. :football:
:excited: :excited: :thumbup: :thumbup: Truly excited for you, Neal. I hope to be in your shoes one day. Hopefully, they don't stink.
 
'Tiger Fan said:
'otello said:
1. acer2. guster?
Assuming Tipsy wants to go that route, I'll bet it would be pretty simple to do it that way. I think Abraham laid out something like that earlier in this thread. I can think of a few people locally, who I'm pretty sure would want to be in for 5 shares at that price.
I would definitely kick in a grand to be a part of this. The fact that I believe in you solely from this thread helps that quite a bit.If you wanted to go that route, seriously let me know. :)
 
just looked at the space on Freret (that is pronounced Fra-air-et..lol) and the 1/2 half will be good. Rent will be 22 a sq ft, which equates to 3750 or so as an shell with HVAC, Electrical, Plumbing, etc already included in the build out. I need to cover the walls in corrugated, stain the concrete floor, build a bar style kitchen with a hood & grease trap, build an extra bathroom, get another smoker and the venting needed for that (biggest expense) and then equipment, tables, and the bar itself.This is going to happen. I feel it in this space. Gold mine location...parking....other biz around me...easy to get the permits on this street....good press already...lets roll. :football:
see if you can get a 1st right of refusal for the 2nd half of the space if business is really good.
I was going to post the same thing.Congrats on finding a sweet B&M location!
 
my head is spinning....

i've had another space on the back burner for a while...its a friends warehouse that he wants to convert into a multi use kitchen for some of the mobile vendors to use for prep, clean up, storage, etc. It just so happens that a corrugated sided & roofed building is exactly what a bbq joint should go in...and it has an area perfect for my smoker & some outdoor/screened in patio action.

Well after thinking my boy had too much on the plate to get it going anytime soon I get a call yesterday that some work has already begun and his bank is behind him on the build out. We meet at the space again today so I can tell him how I want it laid out!!!!

The plan is to move in and have a full time space for me while providing space for some other folks to do their thing...may even close a couple of nights to let someone pop up in my place (karma payback). Its close to downtown, a block off the st. charles st car and a few blocks from Lee Circle.

Around the corner is Voo Doo BBQ. They have been around forever, including local Wal Marts. I'm not competing with them @ all, except for the suckers stumbling off the street car right there. I am confident real barbecue lovers will know where I am fairly quick. Not nearly as flasy a spot as the one on Freret...but loads cheaper per month, a land lord that is a buddy (he married my sisters college roomie), and I could be in there within months. We have both agreed this is just my first stop...I will get a better place eventually, but I think this close to downtown will help me destroy lunches as the central biz district is in walking distance. I'd also be near major arteries for the city including the I-10. Plus the city is going to give me zero grief over getting a bar in their as well...which could be the only thing I need to turn a profit honestly.

I need to focus on getting my lunch ready for this afternoon and the rest of my prep for the competition. This has been one crazy freaking week.

Hanging on for the ride....

 
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Tipsy,

This reminds me of the time my wife and I were buying our first house. We are both teachers and my wife wanted to get a starter house. We looked around and we saw a cute house that needed some fixing up. I felt like we were settling just to settle because it was there and easy. I wasnt really feeling it. I told her to increase her search for better houses despite the fear that cost would be an issue. I told her that i thought a starter house was a bad idea for us and if we are going to do it, lets do it right. So we searched for homes that were more expensive and found what we think is the perfect house. We have been there for 7 years and do not plan on ever moving (for a number of different reasons). Sometimes its better to bypass your "starter" idea and go with the place that costs a bit more but that you will be home in. It sounds like this place is a nice starter, but it sounds like Feret location is where you really want to be. Just think it over

 
Tipsy,This reminds me of the time my wife and I were buying our first house. We are both teachers and my wife wanted to get a starter house. We looked around and we saw a cute house that needed some fixing up. I felt like we were settling just to settle because it was there and easy. I wasnt really feeling it. I told her to increase her search for better houses despite the fear that cost would be an issue. I told her that i thought a starter house was a bad idea for us and if we are going to do it, lets do it right. So we searched for homes that were more expensive and found what we think is the perfect house. We have been there for 7 years and do not plan on ever moving (for a number of different reasons). Sometimes its better to bypass your "starter" idea and go with the place that costs a bit more but that you will be home in. It sounds like this place is a nice starter, but it sounds like Feret location is where you really want to be. Just think it over
I agree. Think this one through.The other thing to consider that it's nice to have a landlord as a friend, business dealings and friends sometimes don't mix well.
 
I'd ask yourself this question:

Imagine, today, that you get a call that one of those locations you're planning for has been bought by someone else and is no longer available. Which would you be most upset over losing?

That's the one I'd choose and not lose any sleep over. Whichever that is, you'll make it work because that's just what you do.

 
I agree with the location, location, location comment. You don't want to move a restaurant. Find the spot and if it is more money suck it up. If your buddy's warehouse isn't the forever spot for your place then don't do it. Just my 2 cents but I was in the biz for ten years before I became the flooring guy.

 
Getting into the warehouse vs the flashier location may mean not having to find any outside funding to get into a fully operational place that could continue when the property I BUY & Build out on becomes more feasible financially. And...i haven't gotten a call back yet from the developer so that makes me think it might not be as available as I thought...calling again today anyway.

If i don't have to spend a ton of cash, can open full time in a terrible semi terrible location within 3-6 months all while still moving towards my own space in the next couple of years vs being here at dantes much longer getting in their way and having to lug tomato paste to and fro because i don't have my own storage here...just my angle for now. Catering from my location to downtown could also bring my sales up very quickly...it could be my biggest sales driver anyway if i get the word out. I catered for 5 years in downtown portland or, so I know that routine very well. It is very, very lucrative.

If the freret space is available, i am moving on it too. The warehouse space sounds like it will be built out regardless of me right now. I won't have a long lease it sounds like....it will be mine if i want it though I think. I'll find out more today.

 
'tipsy mcstagger said:
Getting into the warehouse vs the flashier location may mean not having to find any outside funding to get into a fully operational place that could continue when the property I BUY & Build out on becomes more feasible financially. And...i haven't gotten a call back yet from the developer so that makes me think it might not be as available as I thought...calling again today anyway. If i don't have to spend a ton of cash, can open full time in a terrible semi terrible location within 3-6 months all while still moving towards my own space in the next couple of years vs being here at dantes much longer getting in their way and having to lug tomato paste to and fro because i don't have my own storage here...just my angle for now. Catering from my location to downtown could also bring my sales up very quickly...it could be my biggest sales driver anyway if i get the word out. I catered for 5 years in downtown portland or, so I know that routine very well. It is very, very lucrative.If the freret space is available, i am moving on it too. The warehouse space sounds like it will be built out regardless of me right now. I won't have a long lease it sounds like....it will be mine if i want it though I think. I'll find out more today.
Makes sense...most importantly b/c it seems like you can reduce the amount of investment needed drastically....especially if you don't need to commit long term to the new place and you'll have storage options, etc. Agree on the catering, I know lots of people in my building routinely order from Voodoo for meetings.
 
Is there a danger being that close to a more established, if not necessarily as good, competitor?
IMO it's only bad for the lesser of the two operations. At least initially it can only help as It WILL result in some walk in traffic from folks looking to Go to VooDoo. As McClure's becomes a more recognizeable name, you're going to get a lot of "Oh ####, THAT'S where that place is? Let's drop in and try it instead" among folks planning on going to VooDoo. The downside is, if Neil sucks :P , then they will all filter to VooDoo as time goes by and any "Convenience Diners" will choose VooDoo.
 
Is there a danger being that close to a more established, if not necessarily as good, competitor?
IMO it's only bad for the lesser of the two operations. At least initially it can only help as It WILL result in some walk in traffic from folks looking to Go to VooDoo. As McClure's becomes a more recognizeable name, you're going to get a lot of "Oh ####, THAT'S where that place is? Let's drop in and try it instead" among folks planning on going to VooDoo. The downside is, if Neil sucks :P , then they will all filter to VooDoo as time goes by and any "Convenience Diners" will choose VooDoo.
Agree...and I'll add that New Orleans is a foodie enough town where as long as you deliver good food people will continue to eat there. Hell, Dante's Kitchen is directly across the street from Brightsen's...and they both serve similiar types of food and they both do extremely well.
 
Agree...and I'll add that New Orleans is a foodie enough town where as long as you deliver good food people will continue to eat there. Hell, Dante's Kitchen is directly across the street from Brightsen's...and they both serve similiar types of food and they both do extremely well.
:yes:One of the big things I love about New Orleans is just that. People take pride in knowing where the best restaurants are, and patronizing them. If someone serves ####ty food outside a block or two of bourbon I can't imagine they're going to be in business very long... way too many fantastic options.
 
Agree...and I'll add that New Orleans is a foodie enough town where as long as you deliver good food people will continue to eat there. Hell, Dante's Kitchen is directly across the street from Brightsen's...and they both serve similiar types of food and they both do extremely well.
:yes:One of the big things I love about New Orleans is just that. People take pride in knowing where the best restaurants are, and patronizing them. If someone serves ####ty food outside a block or two of bourbon I can't imagine they're going to be in business very long... way too many fantastic options.
OK -so if the competitor has been around "forever" chances are they can't be that bad if that's true. That means you are moving in near a place that's been around much longer, has much higher visibility and has thrived in a foodie market. That seems risky.
 
Agree...and I'll add that New Orleans is a foodie enough town where as long as you deliver good food people will continue to eat there. Hell, Dante's Kitchen is directly across the street from Brightsen's...and they both serve similiar types of food and they both do extremely well.
:yes:One of the big things I love about New Orleans is just that. People take pride in knowing where the best restaurants are, and patronizing them. If someone serves ####ty food outside a block or two of bourbon I can't imagine they're going to be in business very long... way too many fantastic options.
OK -so if the competitor has been around "forever" chances are they can't be that bad if that's true. That means you are moving in near a place that's been around much longer, has much higher visibility and has thrived in a foodie market. That seems risky.
I see what you're saying, and if you take it in a literal sense, then yes they would be a direct competitor in that they both serve BBQ food. However, the other BBQ place is a chain in a cheap sense...so it's akin to telling the specialty burger joint to not open up around the corner from a McDonalds.But I think Tipsy covered his bases in saying that if the prime location is available that he is pursuing it. I guess I read it as the move to the "warehouse" would let him serve lunches and dinner; while building up some catering business and increasing his efficiency. I could be wrong though :shrug:
 

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