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Kuberex - I For Sure Don't Thinks So
I was basically pointing that out to the one (?) opinion that was a proponent of free refills being the savior of FUNN :)
And, in the case of S&L gaming cafe, I don't think free refills is going to be a driver for repeat customers.
In th case of Costo - it sure is a driver. Why? Think about the location of the "concession" area. It's located a short location away from the check-out area.
It's basically a feel good, low cost leader for Costco - that simply caters to the unhealthy lifestyle of Americans.
Yum, that IS so cheap, tastes so good, and sates my appetite for fatty food and soda to expedite my journey to diabetes.
In the case of S&L's free refills - IMO, free refills isn't a driver for repeat customers.
IMO, it should be about "the experience".
That being said, not only should FUNN execs be concerned about giving customers "the experience" - the business goal should be provide the experience in a way that results in positive net profitability.
So, the only way for FUNN to move towards positive net profitability is to:
Decrease overhead expenses (i.e., payroll)
Turn tables over faster
And increase prices.
it would also be helpful for FUNN to get rid of cafes that they know will never become positive net profitable.
Only FUNN knows (or SHOULD know), how many tables need to be filled during its hours of operation - and how often tables need to be turned over TO EXCEED ALL OPERATIONAL COSTS AND TOTAL EXPENDITURES AND DEBT.
Bwahahaha Cuz Free Refills Generate Revenues LOL
In conclusion, GoodVibes should change name to Snakes & Lattes - Provo
and, they should expand their target demographic to include as many people outside of being a Morman Polygamist who doesn't drink coffee or alcohol.
If the local demographic does not meet S&L's target demographic, they should never have acquired in the first place.
And, FUNN has NEVER successfully transformed a bankrupt/near bankrupt cafe into a positive net profitable cafe EVER. In fact, all of their faux joint venture have literally FAILED.
Not a single success story.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171805132
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171805587
BTW Restaurants In Provo UT CAN SELL Alcoholic Drinks
So, why did FUNN choose to NOT change that on the Good Vibes drink menu.
Why did FUNN choose NOT to brand their own "Snakes & Lattes Cafe" brand? Instead they chose to stick with Good Vibrators....or something like that....
They should be upselling "craft" coffee drinks, "craft" flavored alcohol infused coffee drinks, and craft alcohol based mixed drinks with names that have catchy names that locals can relate to or themes of that locality.
Hey_Folks _FUNN_Should_Upsell_Fountain_Soda_To_Move_Towards_Positive_Net_Profitability!!!
At least according to one opinion
4/29/23
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171803618
ROFLMAO I don't know. Do they? I know fountain soda is NOT the solution to grow
total gross revenues or move towards positive profitability.
Here in the south (including VA Beach) fountain soda retails in restaurants for $2.50 AND INCLUDES FREE REFILLS
And, how many customers are asking for free water nowadays to lower cost of the bill ; because food in restaurant have gone up???
BWAHAHA
Btw, some restaurants are smart enough to sell bottled specialty sodas; like Mexican Coca cola, or Boylan's craft sodas.
So selling two ice buckets of 6 bottles of craft sodas would yield maybe gross $46
Upselling Fountain soda???????
ROFLMAO
AGAIN UPSELLING FOUNTAIN SODA IS PROBABLY THE STUPIDEST IDEA I'VE EVER HEARD TO GROW TOTAL REVENUES AND MOVE TOWARDS POSITIVE NET PROFITABILITY
Why do you think Costco sells a hot dog and fountain drink with free refills for $1.50
It isn't because they're trying to grow total revenues from the hot dog and soda
ROFLMAO
GIT DAT SHYTE OUTA HERE
LOL
Isn't_The_REAL_Cure_Competent_CEO/MGMT_with_restaurant_and_franchising_Experience
Perhaps a CEO who understands how to:
bring money losing cafes to positive net profitability
reduce expenditures like payroll
close down all the remaining big money losing cafes (like ChiTown, Provo, 1-2 Toronto cafes)
Get "stolen" shares back into the hands of the company
pay off debt and get rid of liens in AZ.
for chrissakes, what has that marketing person done lately that deserves $100+k in salary?
Since FUNN has not gotten rid of the root cause of their problems I suspect this stock will continue to flounder.
Pinch
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171801319
A 1.75 L bottle of Tito’s Vodka Retails for $30. 60 1 oz shots per bottle or about .50 per shot “wholesale”.
Top shelf vodka in bars are $10/shot.
4 people at table buy 3 shots each over 2 hours. That’s a $120 bar bill alone, and a gross profit of $114
Yes, really sucky idea. Let’s sell soda instead
Bwahahaha
Sell_More_Soda??!_Bwahahaha_Dat_Some_FUNNEE_Shyte To Grow Total Gross Revenues for a Restaurant
Please sir, would you be interested in our ice bucket special today for soda?
12 cans for $10.00
Let’s say .50 cents per can is wholesale cost. Let’s see, .38 gross profit per can comes out to $4.64 per table of 4 per 2 hours.
Yeah, let’s grow revenue by up selling soda!!!!!!!!!
Bwahahaha dat takes the cake for growing revenues for a restaurant
Who wudda thunk??????
RFLMAO
Dayum, get shyte outa here
Maybe Fundamentally Crappee
FUNN Technically Bullish
I thought there would be some day traders taking profits earlier this week, but 200 day MA is seeing strong support.
If FUNN can show they are moving in a positive direction financially WITHOUT THE HELP OF LOAN FORGIVENESS AND ON BACKS OF US AND CANADIAN TAXPAYERS, would be good.
I still want to see FUNN close down shop in Provo, ChiTown, 1 or 2 Toronto cafes......and see more $$$ info about VA Beach site. VA Beach is a dump, Provo site is dry, ChiTown to expensive. Have to create a better financial environment in Toronto where demand outstrips supply. What better way to do it by getting the worst money loser in Toronto?
If no other income declared from ppp loan forgiveness
I predict more operational losses and negative net profits
BenDodger Are Already Aware of Minority SH Ideas - To No Avail
It's not a good idea when BenDodger and company continue to screw around and not make significant changes to their failed expansion business model.
They have yet to prove that they can actually implement realistically achievable action plans to transform bankrupt/near bankrupt companies into positive net profitable companies without the help of US and Canadian taxpayers contributions.
The PPP loans are running out soon. tik tok tik tok
Can they FUNN prove they can become positive net profitable on their own merit vs. on backs of US and Canadian taxpayers?
Going on since 4/16/2016.....
How About FUNN Hire a CEO with restaurant and franchise experience?
How_About_Demanding_A_New_Competent_CEO_with_Franchise_and_Restaurant_Experience?
oh, wait - no can do since current FUNN execs are the majority shareholder and can continue to pay selves for poor outcome and execution.
Wake up smell the coffee.....or in this case.....the stench?
Covid Did Happen - and Takeout Boomed - for many but NOT FUNN
Takeout became an important source of revenue for most restaurants - if they wanted to stay in business - and if takeout was already a portion of their business model.
For Board Game Cafes - takeout is not really part of their business model.
Bad fit.
No product differentiation between an S&L burger vs. beast burger.
FUNN Management thought it was grand idea LOL
FUNN didn’t even get name of cafe listed on Least Burger website
Never close to getting started
Exactly like the outcome of those MJ kiosks
FUNNEE how faux opportunities never pan out, eh?
That's what happens when one listens to heresay and or rumor
Mr. Least burger was never a good idea for S&L board game cafes.
Board game cafes aren't known for fine cuisine.
There was really no significant product differentiation between S&L hamburgers and Mr. Least burgers.
Mr. LEAST. BWAHAHA
Hey Those Two Player Bidets Are The Key for FUNN Success
FUNN can prove they are Green by converting to potable water too.
We'll be awash in cash
Bwahahaha
Right Now FUNN is Using Bad Model of Expansion
Right now, they're still sucking from the management side.
Right now, they are still operating cafes that are LOSING money.
Right now, they are relying on US and Canadian tax payers in the form of PPP loans to survive.
And, it does matter if FUNN continues bad management practices.....Today. That hasn't changed
or "how about dem auto generated customer reviews, awesome, right?"
it means each cafe is filled to brim 24-7, tables are being turned over every 30 minutes, and demand is outstripping supply for game cafes.
Millions being served every day....maybe billions
No, I'm not exaggerating or being sarcastic
Hey, where are the financials for the new VA Beach anyway? By quarter?
How much are the losses? What is exact amount of $$$ was the note? what are exact terms. How many years? what is monthly payment?
Butt_Current_FUNN_Execs_Are_The_"Best"_And_Reward_Insiders_Regardless_of_Lack_of_Positive_Net_Profitability
Yes, I'm being sarcastic
I agree. FUNN management suck and self serving. They don't appear care about minority sh.
They don't appear to care about the company.
They don't appear to care about moving towards positive net profitability.
They don't care........
Oh several thousands served in total over 7 years? Not very good
Beahaha. Guess sarcasm was missed
yeah yeah "millions" served RFLMAO
ZERO Proof of repeat customers - Most Customers Could Be One Timers
One suggestion is to close down 1-2 money losing Toronto S&L cafes - and create a situation where Demand is greater than supply. That way, you have 1 Toronto cafe headed towards being positive net profitable.
FUNN Is Simply Poorly Managed
They've poorly managed assets
Poorly managed opportunities
Poorly managed operations
Poorly marketed the company, private or public.
Early on, FUNN was successful in creating; what ended up being a false narrative, about potential and opportunity.
That's when there is a lack of execution. Literally, only 1 business opportunity was viable - the S&L cafes. The rest were smoke and mirrors.
And, now, minority SH are in so deep from years of being scammed - that they hold onto their massive losses - and pray.
The only way FUNN survives going forward is if they
1. Secure a massive low interest loan that will pay for:
5 years of a CEO with experience in the restaurant biz AND Franchising
5 years of accounting services for unaudited financials
5 years of audits
2. close down Provo, ChiTown, and 1 or 2 Toronto cafes. The rationale for closing down 1 or 2 Toronto cafes is to get rid of the biggest money losers for those 3 sites AND Create a situation where there is greater Demand than Supply. We are not talking rocket science here.
3. a big enough of a loan to open 2-3 cafes that corporate can own and cover operational expenses for the first 5 years of operation. The other option is to approve more common shares for fund raising; which will pretty much destroy current Minority SH value.
FUNN needs to cut expenses - especially for payroll.
FUNN needs to find a way to turn tables over sooner than 1x/2 hours
FUNN may need to increase patronage by introducing other forms of entertainment that will draw customers into the cafes - showing college sports and merchandizing to local tastes.
FUNN is in the restaurant biz.
Sell Food
Sell Alcohol
and Entertain.
Again, since they have pigeon holed selves only in board games - they will need to turn tables over sooner - or find ways of getting those customers to purchase more food/alcohol per person/per group for those two hours of time.
Only FUNN knows (or they should damn well know) how many tables need to be filled each day to turn a profit. They should know those numbers for each site.
TLRY Bought HEXO's Massive Debt And Operational Losses
I'm not sure how the acquisition will move TLRY into being positive net profitable.
Just look at this crap in PR
4/10/23
https://www.businesswire.com/news/home/20230410005360/en/HEXO-Corp.-Announces-Acquisition-by-Tilray-Brands
WTF?
MNMD is still in the crappa
Most are disappointed.
Big money is gone?
It may be 2 years from now before this stock sees any real activity. They need to accelerate FDA approval.
That's the problem with binary stocks
hexo was bad news a year ago. Still bad news
Gro3?? ROFLMAO BWAHAHAHAAHAH
Gawd...that was ages ago. A unit was allegedly sold to Verdi; which I highly doubt because I don't see where the gross revs from that "sale" was reflected in any unaudited financial.
That was the funniest post I've read.......RFLMAO
oi.......let me catch my breath....lol
that ship sailed such a long time ago......lol
that was another example of PR....and no execution. Much like MJ Dispensary in Ontario. There are millions of those kiosks in Ontario now, 10 kiosks in every mall. Millions served.
11/13/20
https://www.globenewswire.com/en/news-release/2020/11/13/2126509/0/en/Amfil-Technologies-Inc-Announces-Purchase-Order-for-Another-GRO3-Antimicrobial-System.html
The Alleged 10 inked Cafes Failed
That was a FUNN experience for minority SH
ROFLMAO
1/21/20
https://m.marketscreener.com/quote/stock/AMFIL-TECHNOLOGIES-INC-120787605/news/Amfil-Technologies-Inc-Inks-Deal-To-Bring-Ten-New-Snakes-Lattes-Locations-To-The-USA-29868308/
ROFLMAO Well that's not true - link to a FUNN PR?
Non-Convertible Promissory Note with 5% Interest
No specific terms of the Promissory Note was provided; in terms of amount, payment terms, length of time.
FUNN also revealed absolutely zero financials on Roll With It - which is always a red flag for me. They very well could be losing money - or was on the way to bankruptcy.
https://www.otcmarkets.com/stock/FUNN/news/Snakes--Lattes-Inc-Acquires-A-New-Brick--Mortar-Location-In-Virginia-Beach-Virginia?id=393691
There_are_100s_of_cities/college_towns_better_suited_for_board_game_cafe_VA_Beach_Ain't_One_of_them
What Exactly Are Financials for Roll The Dices Cafe?
does the roll end up with snake eyes?
VA beach is a dump, high crime area, very transient population.
More Bullshyte
Rogen was supposed to only make money when new cafes came into operation. He opened 0 of 10 inked cafes.
And, boy, did he get paid......at a rate of $300k/year for 6 months as acting CEO for successfully opening 0 new cafes.
Agreed At Bottom is Utter Bullshyte and misinformation
All one has to do is look at their continued net losses.
For the last Q, they would not have been positive without the loan forgiveness; and declaring as "other income"
From Funn Unaudited financials
Clearly, FUNN is surviving on backs of Canadian and USA taxpayers. What can they do on their own????
They have to get rid of ChiTown, Provo, and 1 or 2 money losing cafes operating in Toronto
AND
reduce payroll
AND
turn over tables faster than 1x/2hrs.
Read and weep.
Below is Utter Bullshyte and misinformation
More Misinformation and Utterly False Narrative Below
Rogen is the one who said audit financials were contracted and to be completed. When he left, fun execs said......nope....too expensive....ROFLMAO
Rogen also did no such thing as automating their POS system as related to creating unaudited consolidated financials. FUNN is still implementing new Accounting SOPs for 7 straight years now? that Quicken package did nothing....lol
Stronger than ever????
Lol. Oh, my.
Maybe after FUNN sheds Provo, ChiTown, and 1 or 2 money losing Toronto cafes.
The VA Beach acquisition is an unkwown x factor since financials weren't provided. I lived in VA Beach......it's a transient population with police cruisers up and down the main drag throughout each night.
100's of more suitable college towns/sites to tap into.
Random Predictions and misinformation like below????