Chief
03-02-2008, 07:39 AM
http://www.oregonlive.com/business/oregonian/index.ssf?/base/business/1204356319200251.xml&coll=7
Dining - A company's rapid-fire expansion in Portland leaves at least four new eateries in the dark and platefuls of broken promises.
Sunday, March 02, 2008KAREN BROOKS and JEFF MANNING The Oregonian Staff
For N.W. Hayden Enterprises to pull off its furious expansion into Portland's competitive restaurant scene, the firm needed an exacting recipe: equal parts sound plan, steely focus and surplus cash.
Instead, Hayden boiled over with chaos and red ink.
In mid-December, days before the company's Tondero opened in the glittery Fox Tower downtown, the unpaid chef walked. Nearby, Chayote Grill opened with a dirty awning, a temporary sign and no marketing plan to back a seasoned Boston chef. Trash piled up as fast as unpaid bills at Oregon City's most ambitious restaurant, Black Point Inn, despite a $200,000 loan of public money.
**SCHNIPP**
Good story in the paper this morning about the extremely volatile restaurant market in Portland. I post this becasue of the many discussions I hear about how the City of Vancouver wants high-brow restaurants for the Boise Cascade site; which I take to mean they want more than one...
I also want a reference point for the day that these characters show up on this side of the river again...although they might halp facilitate a way for the City of Vancouver to look for a way to buy a Ruth's Chris franchise...I hear they can get a deal...
Requirements
* Liquid net worth of at least $1,000,000
* Verifiable experience within the hospitality industry
* Ability and desire to develop multiple locations
* Completion/Submittal of Franchise Application
Fees
* Franchise Fee - $150,000 per restaurant (international fees may be higher)
* Royalty Fee - 5% of gross sales, paid monthly
* Advertising Fee - 2% of gross sales, paid monthly
::)
Dining - A company's rapid-fire expansion in Portland leaves at least four new eateries in the dark and platefuls of broken promises.
Sunday, March 02, 2008KAREN BROOKS and JEFF MANNING The Oregonian Staff
For N.W. Hayden Enterprises to pull off its furious expansion into Portland's competitive restaurant scene, the firm needed an exacting recipe: equal parts sound plan, steely focus and surplus cash.
Instead, Hayden boiled over with chaos and red ink.
In mid-December, days before the company's Tondero opened in the glittery Fox Tower downtown, the unpaid chef walked. Nearby, Chayote Grill opened with a dirty awning, a temporary sign and no marketing plan to back a seasoned Boston chef. Trash piled up as fast as unpaid bills at Oregon City's most ambitious restaurant, Black Point Inn, despite a $200,000 loan of public money.
**SCHNIPP**
Good story in the paper this morning about the extremely volatile restaurant market in Portland. I post this becasue of the many discussions I hear about how the City of Vancouver wants high-brow restaurants for the Boise Cascade site; which I take to mean they want more than one...
I also want a reference point for the day that these characters show up on this side of the river again...although they might halp facilitate a way for the City of Vancouver to look for a way to buy a Ruth's Chris franchise...I hear they can get a deal...
Requirements
* Liquid net worth of at least $1,000,000
* Verifiable experience within the hospitality industry
* Ability and desire to develop multiple locations
* Completion/Submittal of Franchise Application
Fees
* Franchise Fee - $150,000 per restaurant (international fees may be higher)
* Royalty Fee - 5% of gross sales, paid monthly
* Advertising Fee - 2% of gross sales, paid monthly
::)