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Buddy wants me to invest in a MFH brewpub

Thoughts? They'd brew onsite and sell to people in the ta...
Ebony Hell Pistol
  03/22/17
Dumb dumb dumb dumb investment. Never invest and bars and ...
Swashbuckling Fluffy Gas Station Ceo
  03/22/17
Yeah i'm probably shaking out this way I get a 1x1 meetin...
Ebony Hell Pistol
  03/22/17
...
disrespectful clown national
  03/22/17
http://xoxohth.com/thread.php?thread_id=3553170&mc=49&am...
Thirsty comical native
  03/22/17
I think LA County has more room for growth but OC and SD are...
Lime meetinghouse
  03/22/17
they say owning a restaurant is like standing in a kitchen t...
Territorial Dopamine Temple
  03/22/17
I tend to agree These things are also restaurants first b...
Ebony Hell Pistol
  03/22/17
literally no chance this works in MFH you'd need to start...
snowy cocky weed whacker
  03/22/17
Explain Rent costs just too high? I am smart on techno...
Ebony Hell Pistol
  03/22/17
How many brew pubs that brew beer on-site are there in MFH n...
Irradiated opaque box office
  03/22/17
Paulaner Brauhaus on Bowery off the top of my head
Ebony Hell Pistol
  03/22/17
For MFH you are competing against other restaurants that hav...
snowy cocky weed whacker
  03/22/17
That's a good place but remember that's a pretty big brand i...
Cordovan Juggernaut
  03/24/17
Really dumb fucking use of space unless they can build it on...
Irradiated opaque box office
  03/22/17
What about my submarine brunch restaurant idea? I could use ...
maniacal federal shitlib
  03/22/17
I know guys who are basically the first to do it in the cent...
orange school cafeteria puppy
  03/22/17
Yeah I have no knowledge about the margins on this type of b...
Ebony Hell Pistol
  03/22/17
sensible, take a look, but be VERY skeptical everything ...
Territorial Dopamine Temple
  03/22/17
You need way too much space to brew beer in mfh. Rent would ...
Beady-eyed fishy pisswyrm
  03/22/17
couple issues: does your buddy have experience brewing? ...
marvelous ultramarine university international law enforcement agency
  03/22/17
Thx Let's say rent of $70K per month (figure i've been gi...
Ebony Hell Pistol
  03/22/17
you're going to lose a good chunk of those pints to theft, s...
sinister glittery hunting ground locus
  03/22/17
Fair Also assumes full demand which is still tbd Have ...
Ebony Hell Pistol
  03/22/17
i dont think the margins are what you think they are. distri...
Balding Chapel
  03/22/17
There is a reason breweries are all in shitty areas of ton, ...
Balding Chapel
  03/22/17
this is a very novel concept that no one else has thought of...
arrogant contagious police squad
  03/22/17
...
Provocative Out-of-control Queen Of The Night
  03/22/17
Is your buddy licensed? I know a guy who wants to run a bre...
Aphrodisiac lay
  03/22/17
"Farm brewer license"
Ebony Hell Pistol
  03/22/17
So costs are also going to be higher due to local ingredient...
Aphrodisiac lay
  03/22/17
Yeah sounds like a nonstarter
Ebony Hell Pistol
  03/22/17
these businesses are doing well if they have 8% margins
Appetizing Abode
  03/22/17
https://www.google.com/amp/www.newyorker.com/business/curren...
disrespectful clown national
  03/22/17
"My status as a one-forty-second owner of a seventy-sev...
orange school cafeteria puppy
  03/22/17
I cosign everything said above. Also, aren't liquor license...
aqua idiot
  03/22/17
Nah. Former finance guy flameout partnering with a brewmaste...
Ebony Hell Pistol
  03/22/17
if still considering even a bit try and get as much info as ...
marvelous ultramarine university international law enforcement agency
  03/22/17
they'd really be better off trying this somewhere other than...
arrogant contagious police squad
  03/22/17
Absolutely, but a lot of smaller cities are getting "co...
aqua idiot
  03/22/17
His whole pitch is there aren't any in MFH and thus this wil...
Ebony Hell Pistol
  03/22/17
I just did a quick Yelp and there seem to be several brewpub...
aqua idiot
  03/22/17
Brews own beer on premise and sells to patrons
Ebony Hell Pistol
  03/22/17
OK. Everything I said above still stands. I'm sure the bar...
aqua idiot
  03/22/17
As a huge beer fan I see little appeal in visiting this type...
overrated navy black woman
  03/22/17
Please name it MFH Brewing
hairraiser startled rehab milk
  03/22/17
Ljl I just got financial projections. This guy thinks he can...
Ebony Hell Pistol
  03/24/17
...
gaped immigrant
  03/24/17
...
disrespectful clown national
  03/24/17
Someone once told me that unless you have legit celebs with ...
aqua idiot
  03/24/17
should have went MBB instead
arrogant contagious police squad
  03/24/17
This idea sounds TTT as fuck, but I am down to invest in an ...
Flushed floppy stead
  03/24/17
Bar-a-Lago?
gaped immigrant
  03/24/17
sounds 180
Flushed floppy stead
  03/24/17
...
disrespectful clown national
  03/24/17
I have a piece of a couple restaurants, it's been a good inv...
Flickering windowlicker menage
  03/24/17
I have a hard time understanding the appeal of brewpubs now ...
metal office
  03/24/17
"If your buddies want to launch a beer-centric concept,...
aqua idiot
  03/24/17
This isn't a microbrew/craft beer bar. The concept of takin...
Aphrodisiac lay
  03/24/17
I was referring to that dood's assertion that a "beer-c...
aqua idiot
  03/24/17
To clarify, I didn't claim that a beer-centric concept would...
metal office
  03/24/17
Right, nobody's going to elect to go to some place with only...
Aphrodisiac lay
  03/24/17
Correct. I can go to Ginger man and get 200 objectively exce...
Ebony Hell Pistol
  03/24/17
...
gaped immigrant
  03/24/17
...
gaped immigrant
  03/24/17
I have a wine version of this as a client. Its a no go. And ...
rebellious silver cuckoldry
  03/24/17
Yeah I took a look at the pitch and struggled not to laugh. ...
Ebony Hell Pistol
  03/24/17
how does your buddy completely flame out of finance and deci...
Idiotic Nofapping Location
  03/24/17
Some people want nothing more to do with anything GC-related...
aqua idiot
  03/24/17


Poast new message in this thread



Reply Favorite

Date: March 22nd, 2017 10:21 AM
Author: Ebony Hell Pistol

Thoughts?

They'd brew onsite and sell to people in the taproom along with bar food. They'd try to self distribute on site and via local delivery

I'm skeptical

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887745)



Reply Favorite

Date: March 22nd, 2017 11:14 AM
Author: Swashbuckling Fluffy Gas Station Ceo

Dumb dumb dumb dumb investment.

Never invest and bars and restaurants. Period. Case closed. No discussion.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888072)



Reply Favorite

Date: March 22nd, 2017 11:16 AM
Author: Ebony Hell Pistol

Yeah i'm probably shaking out this way

I get a 1x1 meeting to try the beer and ask questions though so why not

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888090)



Reply Favorite

Date: March 22nd, 2017 11:39 AM
Author: disrespectful clown national



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888288)



Reply Favorite

Date: March 22nd, 2017 10:22 AM
Author: Thirsty comical native

http://xoxohth.com/thread.php?thread_id=3553170&mc=49&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887750)



Reply Favorite

Date: March 22nd, 2017 10:23 AM
Author: Lime meetinghouse

I think LA County has more room for growth but OC and SD are saturated

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887756)



Reply Favorite

Date: March 22nd, 2017 10:23 AM
Author: Territorial Dopamine Temple

they say owning a restaurant is like standing in a kitchen tearing up $100 bills

I suspect this would probably be the same

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887754)



Reply Favorite

Date: March 22nd, 2017 10:24 AM
Author: Ebony Hell Pistol

I tend to agree

These things are also restaurants first beer second

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887760)



Reply Favorite

Date: March 22nd, 2017 10:24 AM
Author: snowy cocky weed whacker

literally no chance this works in MFH

you'd need to start in queens or LIC and prove your concept first

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887761)



Reply Favorite

Date: March 22nd, 2017 10:25 AM
Author: Ebony Hell Pistol

Explain

Rent costs just too high?

I am smart on technology and financial cos. I know literally nothing about these types of companies other than restauarants are awful investments

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887767)



Reply Favorite

Date: March 22nd, 2017 10:28 AM
Author: Irradiated opaque box office

How many brew pubs that brew beer on-site are there in MFH now?

Hint: it is a nice, round number.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887783)



Reply Favorite

Date: March 22nd, 2017 10:29 AM
Author: Ebony Hell Pistol

Paulaner Brauhaus on Bowery off the top of my head

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887791)



Reply Favorite

Date: March 22nd, 2017 10:45 AM
Author: snowy cocky weed whacker

For MFH you are competing against other restaurants that have no problem losing money, and you need to have a big following almost immediately

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887865)



Reply Favorite

Date: March 24th, 2017 12:44 PM
Author: Cordovan Juggernaut

That's a good place but remember that's a pretty big brand it's attached to--probably more resources to support something like that than a couple of well off bros

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906584)



Reply Favorite

Date: March 22nd, 2017 10:28 AM
Author: Irradiated opaque box office

Really dumb fucking use of space unless they can build it on the roof or someplace where you can't be putting asses in seats. (Or if this is in gentrified Harlem or something.)

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887778)



Reply Favorite

Date: March 22nd, 2017 10:28 AM
Author: maniacal federal shitlib

What about my submarine brunch restaurant idea? I could use some cash.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887781)



Reply Favorite

Date: March 22nd, 2017 10:30 AM
Author: orange school cafeteria puppy

I know guys who are basically the first to do it in the center of Kiev and unless they have a complete year of fnancial runway, they will certainly fail.

after 12 months there's a 60-70% chance they fail

think about how many beers you need to sell in a month to pay the rent and salaries. it's probably crazy high

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887794)



Reply Favorite

Date: March 22nd, 2017 10:32 AM
Author: Ebony Hell Pistol

Yeah I have no knowledge about the margins on this type of business and the required turnover necessary to generate any type of returns

They want me to sign an NDA for an investment memorandum, maybe I'll do that and at least see what their biz model and assumptions look like

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887805)



Reply Favorite

Date: March 22nd, 2017 10:44 AM
Author: Territorial Dopamine Temple

sensible, take a look, but be VERY skeptical

everything about this "run fast, run far"

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887863)



Reply Favorite

Date: March 22nd, 2017 10:33 AM
Author: Beady-eyed fishy pisswyrm

You need way too much space to brew beer in mfh. Rent would be insane. Consider that brewpubs are barely viable in cities like Denver and Seattle, where you might stay in business but no one is making actual $



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887811)



Reply Favorite

Date: March 22nd, 2017 10:42 AM
Author: marvelous ultramarine university international law enforcement agency

couple issues:

does your buddy have experience brewing? if not you'll have to find a master brewer with beer recipes or pay someone to develop beer recipes

running brewery and restaurant is more or less running two completely different businesses in the same building. if buddy does not have experience running either fucked.

the reason there are not many brew pubs in MFH is you have to pay for all the square footage for the fermentation tanks, grain and hop storage etc. My recollection is that the way to go on that is have some brewed on site but contract brew for the rest and then ship it in to cut down on square footage. I think that is what heartland (think that's the name the brewery in midtown) does.

Check out brewing business with tim Nichols podcast to get an idea of running a brewery and a brew pub. might help you get a better feel for what you'd be getting into

Edit:

Also check out book by the founders of Brooklyn brewing. They have a big chapter on distribution in MFH and what a cluster it is

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887853)



Reply Favorite

Date: March 22nd, 2017 11:06 AM
Author: Ebony Hell Pistol

Thx

Let's say rent of $70K per month (figure i've been given). $840K per annum

Supply of 3000 bbl a year (another figure I've been given). Each bbl = 250 or so pints. Total. of 750K pints.

Assuming demand fully takes down your supply, at $8 a pint you'd generate $6M of revenue. Gross margins of probably 80% or so. So $4.8M gross profit. Rent takes 840K so call it $4M pre salaries and other opex.

I mean that rough math doesn't seem too nuts but that's me spitballing



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888003)



Reply Favorite

Date: March 22nd, 2017 11:13 AM
Author: sinister glittery hunting ground locus

you're going to lose a good chunk of those pints to theft, spillage, and cleaning your lines.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888058)



Reply Favorite

Date: March 22nd, 2017 11:15 AM
Author: Ebony Hell Pistol

Fair

Also assumes full demand which is still tbd

Have to advertise etc as well

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888082)



Reply Favorite

Date: March 22nd, 2017 11:17 AM
Author: Balding Chapel

i dont think the margins are what you think they are. distributor margins are far lower than selling to public

you think they can generate demand for, and physically sell, 750k pints, to people who drop into the store? figure out how many they would have to sell per hour or whatever, how much capacity the place would have, and how often people would need to order beer (at all hours) to make it happen. highly unrealistic

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888101)



Reply Favorite

Date: March 22nd, 2017 10:50 AM
Author: Balding Chapel

There is a reason breweries are all in shitty areas of ton, you need a lot of room and rents in nice area are way to high to sustain the relatively low margin of selling beer on site and the bsolutely razorthin margin of selling to distributors (who take a cut before selling to stores)

Sounds like he wants to open a restaurant that is also a brewery which is a terrible idea. If he wanted to do a brewery properly he would find thr cheapest shitty real estate posible, focus on making good beer and winning the market, then open up a public drinking area on the side. Focusing on restaurant first and brewing second is a recipe for getting squish like gtape

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887895)



Reply Favorite

Date: March 22nd, 2017 10:55 AM
Author: arrogant contagious police squad

this is a very novel concept that no one else has thought of. I'm sure it will do very well.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887936)



Reply Favorite

Date: March 22nd, 2017 11:13 AM
Author: Provocative Out-of-control Queen Of The Night



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888059)



Reply Favorite

Date: March 22nd, 2017 11:01 AM
Author: Aphrodisiac lay

Is your buddy licensed? I know a guy who wants to run a brewery and he seemed to indicate that the steps required to run your own are a shitshow.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32887981)



Reply Favorite

Date: March 22nd, 2017 11:08 AM
Author: Ebony Hell Pistol

"Farm brewer license"

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888014)



Reply Favorite

Date: March 22nd, 2017 11:39 AM
Author: Aphrodisiac lay

So costs are also going to be higher due to local ingredient requirements?

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888283)



Reply Favorite

Date: March 22nd, 2017 11:39 AM
Author: Ebony Hell Pistol

Yeah sounds like a nonstarter

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888291)



Reply Favorite

Date: March 22nd, 2017 11:16 AM
Author: Appetizing Abode

these businesses are doing well if they have 8% margins

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888088)



Reply Favorite

Date: March 22nd, 2017 11:40 AM
Author: disrespectful clown national

https://www.google.com/amp/www.newyorker.com/business/currency/the-thrill-of-losing-money-by-investing-in-a-manhattan-restaurant/amp

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888295)



Reply Favorite

Date: March 22nd, 2017 11:56 AM
Author: orange school cafeteria puppy

"My status as a one-forty-second owner of a seventy-seven-seat restaurant has not been a complete disaster. The restaurant survived seven years on a competitive stretch of NoHo, in Manhattan, and it looks as if I’ll lose only a third to half of my investment. The two decent young men who opened the restaurant remained decent throughout, if numbed by how hard it has been to support their families with a business that has grossed, consistently, two million dollars per year."

jfc..

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888405)



Reply Favorite

Date: March 22nd, 2017 11:45 AM
Author: aqua idiot

I cosign everything said above. Also, aren't liquor licenses a massive shitshow to get unless you have pull with the city council or whatever authority is in charge of dispensing them?

A brewpub could work in a developing/gentrifying area, like Astoria (quite possibly a bad example because of the Astoria Beergarden) or Inwood/Washington Heights/Hamilton Heights (which is technically MFH) or Rockaway Beach. Places with a captive audience. In most of MFH you're competing against all the other bar/restaurant options.

Then there's the issue of promotion. If you don't have a big name that helps to give this brewpub buzz, you're going to need one hell of a marketing campaign to get people in the door.

Does this buddy of yours have experience in food and bev?

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888321)



Reply Favorite

Date: March 22nd, 2017 12:12 PM
Author: Ebony Hell Pistol

Nah. Former finance guy flameout partnering with a brewmaster

I'm going to meet the brewmaster with him, try a few beers, and give my regrets



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888538)



Reply Favorite

Date: March 22nd, 2017 1:58 PM
Author: marvelous ultramarine university international law enforcement agency

if still considering even a bit try and get as much info as you can about brewmaster as well. where else has he worked? has he only homebrewed? does he have experience at a brew pub as opposed to a production brewing? is he going to be pissed if he is cranking out just IPAs pale ales and stouts instead of a experimental barrel aging sour program (which would be wholly undueable in MFH)? what stake would brewmaster in business?

some brewmasters can think they are unique snowflakes creating art rather than running an actual business and can be hard to reconcile them to that fact

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32889487)



Reply Favorite

Date: March 22nd, 2017 12:19 PM
Author: arrogant contagious police squad

they'd really be better off trying this somewhere other than the NYC area

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888606)



Reply Favorite

Date: March 22nd, 2017 12:21 PM
Author: aqua idiot

Absolutely, but a lot of smaller cities are getting "cool" based on the presence of a lot of these craft beer brewpubs.

This may even work better in, say, Jersey City.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888620)



Reply Favorite

Date: March 22nd, 2017 12:28 PM
Author: Ebony Hell Pistol

His whole pitch is there aren't any in MFH and thus this will make him unique and all the hipster fucks that go to Radegast, Alewerks, etc in williamsburg will go to this place

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32888689)



Reply Favorite

Date: March 22nd, 2017 2:00 PM
Author: aqua idiot

I just did a quick Yelp and there seem to be several brewpubs in MFH, and even more craft beer places like George Keeley's or Pony Bar that have a ton of random craftbrews on tap that are displayed on some type of screen on top of the bar, as well as places like Ginger Man or that beergarden by Grand Central.

Something like this could work in an up-and-coming neighborhood where people don't have that many local options quite yet. Think captive audience.

What are you defining as a "brewpub"? A place that brews its own beer and sells it?

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32889492)



Reply Favorite

Date: March 22nd, 2017 2:01 PM
Author: Ebony Hell Pistol

Brews own beer on premise and sells to patrons

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32889502)



Reply Favorite

Date: March 22nd, 2017 2:06 PM
Author: aqua idiot

OK. Everything I said above still stands. I'm sure the bar will sell beer other than its own brews, so this place is basically competing with the Williamsburg places as well as Pony Bar-style places and Ginger Man-style places as well as any of those beergarden-style places that already exist in MFH or MFH-adjacent parts of outer boroughs (LIC, Williamsburg).

Put a place like this on 99th and 2nd or in certain parts of Harlem by the 125th Street subway and it could work well. Again, think of a neighborhood with a captive audience who would rather not schlep 30 minutes to get to a place like this, and can use this place as their "local".

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32889557)



Reply Favorite

Date: March 22nd, 2017 2:38 PM
Author: overrated navy black woman

As a huge beer fan I see little appeal in visiting this type of brewpub, as opposed to a craft beer bar that simply sells a wide variety of beers from various brewers. Of which there are many in MFH.

Why would you want to go to what is basically a restaurant in which your drink choices will be confined to untested brews from a largely unknown brand? Brewery tours are cool but they're largely a one-off thing and not something you seem to be contemplating here.



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32889809)



Reply Favorite

Date: March 22nd, 2017 2:15 PM
Author: hairraiser startled rehab milk

Please name it MFH Brewing

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32889629)



Reply Favorite

Date: March 24th, 2017 11:42 AM
Author: Ebony Hell Pistol

Ljl I just got financial projections. This guy thinks he can make 40% operating margins with a brewery in manhattan

Spending next to nothing on sales and marketing

JFC now I know why he flamed out in finance

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906124)



Reply Favorite

Date: March 24th, 2017 11:44 AM
Author: gaped immigrant



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906148)



Reply Favorite

Date: March 24th, 2017 11:46 AM
Author: disrespectful clown national



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906165)



Reply Favorite

Date: March 24th, 2017 12:07 PM
Author: aqua idiot

Someone once told me that unless you have legit celebs with hundreds of thousands of Instagram followers promoting your lifestyle business (restaurant, fashion line, vodka, whatever), you need to invest at least 4-5x on sales and marketing as you do on R&D.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906311)



Reply Favorite

Date: March 24th, 2017 2:23 PM
Author: arrogant contagious police squad

should have went MBB instead

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32907458)



Reply Favorite

Date: March 24th, 2017 11:42 AM
Author: Flushed floppy stead

This idea sounds TTT as fuck, but I am down to invest in an XO Dive Bar with some MFHmos.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906134)



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Date: March 24th, 2017 11:43 AM
Author: gaped immigrant

Bar-a-Lago?

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906139)



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Date: March 24th, 2017 11:43 AM
Author: Flushed floppy stead

sounds 180

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906144)



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Date: March 24th, 2017 11:46 AM
Author: disrespectful clown national



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906168)



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Date: March 24th, 2017 11:45 AM
Author: Flickering windowlicker menage

I have a piece of a couple restaurants, it's been a good investment so far

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906162)



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Date: March 24th, 2017 12:37 PM
Author: metal office

I have a hard time understanding the appeal of brewpubs now that microbrews have proliferated to such an extent that a wide selection of just about any type of beer imaginable is easily accessible to everyone. First, beer produced by prewbubs is almost never as good as commercially available alternatives. Second, I don't want to drink new beers while I am eating. Third, it is very difficult for brewpubs to retain competent brewmasters. If the brewpub's brewmaster is good, he will get hired away by a microbrewery, who will be able to pay him much more than what he can earn at a brewpub.

If your buddies want to launch a beer-centric concept, it should involve having a wide selection of microbrews on tap. There have been a couple of these types of establishments open up in my city, and while they have been a less than perfect implementation of the concept, they appear to be very successful.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906530)



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Date: March 24th, 2017 12:40 PM
Author: aqua idiot

"If your buddies want to launch a beer-centric concept, it should involve having a wide selection of microbrews on tap. There have been a couple of these types of establishments open up in my city, and while they have been a less than perfect implementation of the concept, they appear to be very successful."

You don't live in MFH, do you?

I think this place (a microbrew/craft beer bar) could succeed in certain parts of MFH that are gentrifying and subway-inconvenient (certain parts of the UES and Harlem, for example). They kind of did this with ABV, a pretty solid wine bar that's in the upper 90s which succeeds because it's the only place of its kind up there. No one from outside the neighborhood will travel to that neighborhood to check it out, but the captive audience keeps that place in business.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906552)



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Date: March 24th, 2017 12:43 PM
Author: Aphrodisiac lay

This isn't a microbrew/craft beer bar. The concept of taking advantage of a captive audience doesn't align with the idea of an overly heavy overhead spot where they're brewing their own beer, therefore wasting space.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906574)



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Date: March 24th, 2017 12:45 PM
Author: aqua idiot

I was referring to that dood's assertion that a "beer-centric establishment" like a microbrew/craft beer bar could work in MFH based on the fact that a few of those types of places work in his city (which I strongly suspect is not MFH).

I agree 100% with your last sentence re: brewpubs.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906590)



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Date: March 24th, 2017 2:12 PM
Author: metal office

To clarify, I didn't claim that a beer-centric concept would be good for MFH, only that it would be better than a brewpub. Both concepts would likely be SPS for MFH, but the microbrew beer bar would be less SPS.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32907380)



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Date: March 24th, 2017 12:41 PM
Author: Aphrodisiac lay

Right, nobody's going to elect to go to some place with only beer they've never heard of. You're gaining nothing by brewing on site. Unless you have some sort of insane gimmick like calorie free beer.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906559)



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Date: March 24th, 2017 1:56 PM
Author: Ebony Hell Pistol

Correct. I can go to Ginger man and get 200 objectively excellent craft beers or I can go to this place and 2 of the 8 they are serving are good and the rest are shit.

Outside of the novelty factor of brewing onsite this is a non starter.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32907232)



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Date: March 24th, 2017 1:57 PM
Author: gaped immigrant



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32907237)



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Date: March 24th, 2017 1:57 PM
Author: gaped immigrant



(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32907239)



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Date: March 24th, 2017 12:50 PM
Author: rebellious silver cuckoldry

I have a wine version of this as a client. Its a no go. And they are in a lower end market. Rents will destroy everything. Labor is a shitshow. Product loss and costs of goods sold make no sense.

Just no. Trust me.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906646)



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Date: March 24th, 2017 1:19 PM
Author: Ebony Hell Pistol

Yeah I took a look at the pitch and struggled not to laugh.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906881)



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Date: March 24th, 2017 1:21 PM
Author: Idiotic Nofapping Location

how does your buddy completely flame out of finance and decide this is the next step?

is there not a chill corp gig or something to move onto?

this scares me about finance, you just randomly get pwned at 30

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906903)



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Date: March 24th, 2017 1:30 PM
Author: aqua idiot

Some people want nothing more to do with anything GC-related after 10 or so years working for BIGBANK. I know a few finance flameouts who now are yoga / Soulcycle instructors or who are founders of some mini fashion line that does just OK.

I do suspect that a lot of these people who start lifestyle businesses like this have family money (including a spouse who still sucks off the teat of GC) or investors with a lot of family money.

(http://www.autoadmit.com/thread.php?thread_id=3560611&forum_id=2#32906987)