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Tiki Central / General Tiki / Whats the latest on Trader Vics Chicago

Post #591693 by tikiskip on Wed, Jun 1, 2011 9:22 AM

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What you need to ask yourself what is Trader Vic's Corp selling
making money on?
They sell franchises, sauces, rum, and there is more than that
I would guess.
Plus THEY supply lots o stuff to the franchises AND take like 6% to 10%
of all the sales.
All this after selling the dream to the suckers opps... franchise owners
for like what Two hundred thousand,That's a guess could be more.
I would bet it's what half a mill, or a millon bucks to open a Trader Vic's
It's the suckers that buy into the Company that lose their shirts.
Look at the Kahiki it was all about the egg roll at the end.
That's what they made money on.
Don't know if the house of cards will still stand with no restaurants.
The Kahiki egg roll machine still goes on and on about how great the
restaurant they tore down was.
The new Trader vic's have no soul anyway,And their high priced.
I feel sorry for the people who buy into and put faith and lots of money into
that company as they are going to lose it all.
I'm sure that all of the parties here want the restaurants to make money.
But not enough people are buying what they are selling.

Go to the old places, you know the ones where the owner is in the back cooking
or out at the bar making drinks.
As they will be gone soon too.
Plus you will have a better time, Better food, better drinks, ECT...