Riverside Sushi Cafe closing

[The Compound]

I refused to eat Quiznos after they had that series of commercials with the dead talking rat or whatever it was. Not very appetizing.

[Captain Zissou]

I ate at Sushi Cafe last night, it was as crowded as ever.  They even had a 'hiring' sign up on the door.

Wait a minute, are you saying that if I own a piece of property and get some of the top chefs in Florida to locate there, I would be at a disadvantage in selling that lot because they each only own one restaurant?  If I wanted to really sell that lot, I would have to kick them up and fill  that property with mediocre but famous chain restaurants?

You're really making yourself look bad here.  Obviously if it was a great chef and a regionally known restaurant, that would be very different.  Sushi Cafe is tasty and cheap, but otherwise unremarkable.  It doesn't compare to something like Aix or Orsay.  Also, if you were just trying to make Simms look bad, you better bring your A game.  He is the most knowledgeable real estate person on the forum.

[Non-RedNeck Westsider]

I refused to eat Quiznos after they had that series of commercials with the dead talking rat or whatever it was. Not very appetizing.

How about Oven-Innuendo?  Does that make you hungry?

<a href="http://www.youtube.com/v/7LQpRQh2KSQ" target="_blank" class="new_win">http://www.youtube.com/v/7LQpRQh2KSQ</a>

[MandolinGirl]

It's just a shame we can't support a local business instead of a big chain. 

[The Compound]

I refused to eat Quiznos after they had that series of commercials with the dead talking rat or whatever it was. Not very appetizing.

How about Oven-Innuendo?  Does that make you hungry?

<a href="http://www.youtube.com/v/7LQpRQh2KSQ" target="_blank" class="new_win">http://www.youtube.com/v/7LQpRQh2KSQ</a>

Makes me want a hot dog real bad.

[cline]

Now if we could just get a good old nasty Weinershnitzel in town, that would be awesome!

Is the Schnitzel House on Bowden still open?

[fsujax]

it's closed.

[Jumpinjack]

It's just a shame we can't support a local business instead of a big chain. 

I agree with you. Chain stores and chain restaurants get more credibility because they provide a packaged product in upscale surroundings that make their customers feel safe.

[cityimrov]

I ate at Sushi Cafe last night, it was as crowded as ever.  They even had a 'hiring' sign up on the door.

Wait a minute, are you saying that if I own a piece of property and get some of the top chefs in Florida to locate there, I would be at a disadvantage in selling that lot because they each only own one restaurant?  If I wanted to really sell that lot, I would have to kick them up and fill  that property with mediocre but famous chain restaurants?

You're really making yourself look bad here.  Obviously if it was a great chef and a regionally known restaurant, that would be very different.  Sushi Cafe is tasty and cheap, but otherwise unremarkable.  It doesn't compare to something like Aix or Orsay.  Also, if you were just trying to make Simms look bad, you better bring your A game.  He is the most knowledgeable real estate person on the forum.

I'm not wondering about simms.  I'm wondering about the people who buy these properties.  How exactly do people buy properties these days on a national level?  If the people who own this shopping plaza wants to sell to a national buyer, what do they have to do to do it?  Would a national buyer even care about Aix or Orsay? 

[downtownjag]

I ate at Sushi Cafe last night, it was as crowded as ever.  They even had a 'hiring' sign up on the door.

Wait a minute, are you saying that if I own a piece of property and get some of the top chefs in Florida to locate there, I would be at a disadvantage in selling that lot because they each only own one restaurant?  If I wanted to really sell that lot, I would have to kick them up and fill  that property with mediocre but famous chain restaurants?

You're really making yourself look bad here.  Obviously if it was a great chef and a regionally known restaurant, that would be very different.  Sushi Cafe is tasty and cheap, but otherwise unremarkable.  It doesn't compare to something like Aix or Orsay.  Also, if you were just trying to make Simms look bad, you better bring your A game.  He is the most knowledgeable real estate person on the forum.

I'm not wondering about simms.  I'm wondering about the people who buy these properties.  How exactly do people buy properties these days on a national level?  If the people who own this shopping plaza wants to sell to a national buyer, what do they have to do to do it?  Would a national buyer even care about Aix or Orsay? 

"Credit tenant" is probably all that Simms needed to say, instead of blasting someone who isn't in the industry.  That's the significant advantage Tijuana Flats has over Sushi Cafe in this issue

[fsquid]

Lenders will give whomever is purchasing the center better rates/terms if he has credit tenants in the center that is being purchased.   So, it would make sense for them to boot this place in favor of Tiuana Flatts if they are looking to sell the center in the future.

[Captain Zissou]

Large buyers or Reits who have dozens or hundreds of properties mainly care about cash flows, and more importantly even and forecast-able cash flows.  When marketing a property, usually current, 1 year pro forma, and 5 year pro forma numbers are given.  Those numbers carry more weight if the tenants are national brands or at least strong regional brands.

However, I wouldn't call T-Flats a chain just yet.  They do have 70 locations, but they started in Orlando, each store is unique and tailored to its surroundings, and staffed by friendly and fun young people.  They are more comparable to a Loop than a McDonald's. 

[mtraininjax]

AWESOME, I will be at the Flats! Love it that its coming to my side, the Bestside!

Sushi shop in Avondale supposed to open this week. Turn all the shops in Avondale into restaurants, I'd love it!

[downtownjag]

Sushi Shop in Avondale??  Between which stores?

[mtraininjax]

Its next to the Dog Grooming and then Casbah. Coldwell Banker is the largest tenant in that string of buildings, then go west from there, toward Casbah, you can't miss it.