Opinions on if CJ's Charlotte restraunt means authing significant

[O-Ther]

Actually the biggest risk when athletes/celebrities open a restaurant (unlike buying a franchise fast food/casual dining place) is that they start using it as their personal place to hold court and entertain friends. Optimally, one third of the price of each plate/item goes to profit (a third to food costs, a third to overhead/wages). If you can flip enough tables and keep people coming in each day, you can get a decent income if managed wisely.

Start bringing the family by twice a week for dinner, hosting parties in the private room for your friends, keeping employees late to cook and serve for your pals... and boom, you're out of luck. If you let a few friends run a bar tab and you're in the practice of snagging a good bottle of wine or two a week for personal consumption, and you can jet yourself to the poorhouse.

A well run restaurant makes steady money, but it is a high maintenance beast from staff to equipment to PR to provisioning. A badly run restaurant can eat through a million bucks in a year like it was nothing.

Caveat emptor.

Well said. See it all the time in different Florida cities. So-and-so opens a trendy new restaurant or night club and it becomes a hangout for family and friends then loses focus as a profit-generator as the family and friends start taking over the management and running up debt acting like they were rich themselves. It's something we take bets on down here about how long will it stay open and how much money will it suck out of a player's portfolio.

[Khyber53]

Well said. See it all the time in different Florida cities. So-and-so opens a trendy new restaurant or night club and it becomes a hangout for family and friends then loses focus as a profit-generator as the family and friends start taking over the management and running up debt acting like they were rich themselves. It's something we take bets on down here about how long will it stay open and how much money will it suck out of a player's portfolio.

But a player who buys into a franchise set of restaurants usually does really well. I mean, if star QB wants to take his friends back home out for a big night, he'll take them to his favorite best restaurant in town, but probably not the Pizza Hut or Steak and Shake he bought. 

But if they buy a big fine dining restaurant or night club, whew... the money goes fast. Those are the highest risk ones as it is, so adding in celebrity and celebratory makes for a bad, bad idea. Investing in one that is already open is also a terrible, terrible way to go as either it's already about dead (or why else give up a piece of the pie?) or you'll run it out of business getting comp'ed meals.

Sure wish they let Jon Kasay look over any player's investment before the deal was struck...

[CarolinaCoolin]

Peyton was smart af buying all those papa johns when he came to Denver. CJ making his restaurant isn't anything close to that and I love me some Big Money

[O-Ther]

But a player who buys into a franchise set of restaurants usually does really well. I mean, if star QB wants to take his friends back home out for a big night, he'll take them to his favorite best restaurant in town, but probably not the Pizza Hut or Steak and Shake he bought. 

But if they buy a big fine dining restaurant or night club, whew... the money goes fast. Those are the highest risk ones as it is, so adding in celebrity and celebratory makes for a bad, bad idea. Investing in one that is already open is also a terrible, terrible way to go as either it's already about dead (or why else give up a piece of the pie?) or you'll run it out of business getting comp'ed meals.

Sure wish they let Jon Kasay look over any player's investment before the deal was struck...

Yeah, the franchise way is safer since the corporation will do a lot of the heavy lifting as far as scouting locations, construction or re-model, starting it up, and initial training of management. But sports stars and celebrities doing it on their own? Ugh The TV networks could start celebrity versions of Kitchen Nightmares and Bar Rescue and have enough material for 8-9 seasons right off the bat.

[All about the Benjamin]

Didn't Dan Morgan have some restaurant that went under back in the day?