Replies to post #22482 on West Coast Ventures Group Corp (fka WCVC)

[BrownRickRoss]

Let’s go Trader! I am with you all the way! Dont listen to Giants fans like Botts! 🤣

[PennyHoper]

This still sounds like COVID-19 fallout, although there's also the demographic of the customer base. I read 'fast casual' as just the next step up from 'fast food' like McD's, BK, and the like. Prices are rising so many in their customer base are saying 'no more $10 Big Mac for me.'

We already see that Nixon switched two of his burger places to Taco and 'expensive alcoholic drinks' places. That may still hit the 'casual' side of the demographic, but not the "fast."

Like with McD's, BK, and the like, there's probably a measure of price-point expectation in TGI Fridays and Red Lobster and other chains. Nixon's restaurants are not chains (yet). Based on the Google Reviews of Tequila Taco so far, all though people mention it being a bit pricey, they seem to feel that they are getting what they are paying for. As long as people feel that way, they will keep returning.

He's also in Denver, not New York/New Jersey.

[BDEZ]

Thanks trader, yeah tough times right now.

WCVC

[PennyHoper]

Re Red Lobster closings ...

I just read that RL put themselves $11M in the hole via an "Endless Shrimp" promotion to attract new customers. Who knew that in hard economic times, customers would over-indulge on such a deal?

Also, they not only hope to restructure debt (via bankruptcy), but get out of "costly and lengthy leases." Again, who could have predicted that landlords would structure leases to drive their renters out of business?