I remember when they were down from the tip top lounge on the other side of the street. Tremendous food back then-
HICKORY PARK
- Thread starter JP4CY
- Start date
I was just there and commented how, if I were the owner, i'd be counting my money and not continuing to walk around there...BUT, probably why it's continued to be great.
I haven't read the whole thread, but wonder what the sell price was? I also have thought it seems like the "model" they have could be replicated in the right market (granted, at this time probably 10-20% of sales are folks that swing through/stop back as nostalgia...which can be "created" in a new market.
Agree.....prices are unbeatable for what you get. A few months back they raised prices....not a ton (maybe $1ish per item)...but still cheaper to take a family of four there then fast food, essentially.
Agree, it would be interesting to know how many millions he got for a business that the majority here believe just serves average food.
Jim used to manage the one in Nevada. He was heir apparent to ownership, but when George died unexpectedly the family came in and basically killed the place.
I got two bottles of Jim's in my cabinet and one in the fridge. The Texas Toast dipped in his BBQ sauce is to die for.
I swear, reading these threads on CF about food/restaurants in Iowa, you’d think the only thing that matters is the price of the food and how cheap it is.
Apparently, as long as it’s cheap, it doesn’t matter what you’re eating.
Apparently, as long as it’s cheap, it doesn’t matter what you’re eating.
I mean it doesn’t have to be fine dinning or anything. Good solid food for cheap is a good deal.
Jimmy's is easily the best place to eat in Boone.
Jimmy's, Hickory Park, and Bellucci's Pizza are always on my list when I am back home.
I'd take pretty good cheaper food over really good more expensive food about 99% of the time.
People are bashing their food on FB now since it was announced yesterday. To all the people complaining about prices being to high, "do you want tea with your crumpets?" It wasn't too long ago when Five Guys opened up that people were crying about their prices also. These people probably only like McDonald's, I don't know.
There's no way that business is worth "many" millions. Not a commentary on the food, the ownership, or anything. Just can't imagine the financials would justify a valuation of that much, esp in a high-risk sector like a one-off restaurant.
I'd guess somewhere like $1-3M, but that is based on my guess of their financials based on my zero knowledge of the food business.
I also have zero knowledge of the food business and I'd estimate it's worth no less than $1 billion.There's no way that business is worth "many" millions. Not a commentary on the food, the ownership, or anything. Just can't imagine the financials would justify a valuation of that much, esp in a high-risk sector like a one-off restaurant.
I'd guess somewhere like $1-3M, but that is based on my guess of their financials based on my zero knowledge of the food business.
There's no way that business is worth "many" millions. Not a commentary on the food, the ownership, or anything. Just can't imagine the financials would justify a valuation of that much, esp in a high-risk sector like a one-off restaurant.
I'd guess somewhere like $1-3M, but that is based on my guess of their financials based on my zero knowledge of the food business.
What are their sales like? If they are doing $3-4M in sales, which they could be doing, they could sell for more than $1-3M.
The DSM Register had an article saying that the land and building alone is worth 3.6M so I would expect much more than 1-3M.
If they they really average 15k guests/week, an average spend of $15/customer (which is probably conservative) comes to $11.7million in annual sales. I’d guess it was an 8-figure sale price.
No kidding. You and every other Iowan.
Sorry I'm not some lame food snob, what's your Instagram where you post pictures of the food before you eat it so I can follow?