I do remember reading that about 3 restaurants being profitable. And I so know something about the locations, having spent some time in LA. The one near the Promenade in LA.. not sure how you guys refer to it... I know that area. If I have the right location, that is kind of a "tourist trap". Perfect for something like this. Huge exposure and walk-in. It is an area near Santa Monica where the street is blocked off and there are lots of concessions.. restaurants and the like? Not only good walk-in, but a perfect way to gain wide exposure. I always felt that the Woodlands location was merely a pilot restaurant. THe other one, near Google.. should be good.
I would like more info on the profitability of 3 locations, if anyone knows.
I am not in the restaurant industry, but franchising implies revenue with little/no risk. It has to be where the big bucks are.
The software sales angle, is that selling his games to other restaurants? You must admit, the software business is a bit dicey.. very lucrative, but can't coiunt on it. The whole gamign industry is very tough. Lots of players, and their charts exude turbulence and instability.
I have a friend that went up (and down) with O'Tooles. Says they tried to expand way too fast. The insiders got out with "10 bags".. got to get used to that expression. everybpody else got f'ed. I should ask him to look into this. GIve his opinoin. He is an accountant.
I do agree that this restaurant is a great concept and could be a hit. THe first restaurant seems to be.. to be safe I would play it as taking a quick pop (like last time), keeping something for the LT... my usual.
