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hornhorn

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Everything posted by hornhorn

  1. Poor kid. He shouldn't have to feel that way. He didn't lose the game, he just made it tougher to win.
  2. They should create a super conference where OU, Clemson, tOSU, Bama and Georgia play every year. Man, that would be so much fun to watch. Add some team from PAC too as a cupcake to give them a respite.
  3. James Bodenstedt, a franchisee from San Antonio bought all the DFW stores. This occurred in 2014, source: https://www.dallasnews.com/business/2014/02/25/wendys-sells-its-company-owned-d-fw-stores-to-san-antonio-franchisee/
  4. Oh do they? Like I said, it been a while for me that I've looked for a SBA loan so unsure of their newer "expansion" programs.
  5. I remember when it was $3.99 with student ID and I'd make my date bring hers so we could get that deal. I guess you were too cool for that brisket. Not me!!!
  6. True but even SBA, requires a mandated minimum 10 percent downpayment and typically since you go through a lender with SBA guarantee they'll require 25 to 30 percent.
  7. Yep, pretty much. It has become a volume business and by volume I mean a single franchisee owns dozens if not hundreds of restaurants. For e.g. all the Burger Kings, Popeyes, Krispy Kremes in Dallas and Miami are owned by one franchisee. He has the ROFR to any new BK locations coming up on sale west of Mississippi. All the Jack in the Boxes in Dallas, and Northern California, about 250 of them are owned by one franchisee. All the Applebees in Dallas and East Texas are owned by one franchisee. All the Wendy's in Dallas, all 100 some locations owned by one franchisee. Although all of these are businesses created and or acquired by mom and pop, one generation franchisees, they have a large number of employees and obligations towards the franchisors and lenders.
  8. How the fuck is Jeudy on there having played no one? And he was a complete shit show against LSU while Duvernay made LSU secondary look like high school players?
  9. But those bad loans are collateralized with real estate. Subways are much smaller however and most times do not include real estate, if your bank is allowing <$30K downpayment for a million dollar loan, sign me up. Also Subways go on how much they do per week in revenue. Average unit volume for a Subway is $250,000/year which is $5,000/week and they range around 30 to 40 multiple for that. As in a $5000/week revenue Subway with a decent lease will cost around $200,000 all in. So if you're getting paperwork for million dollars, those Subways are extremely high revenue Subways and are making a lot of money on their own. I'm thinking typically around $30,000/week or more which indicates that there are problems with the operators and not stores. And finally, its been a while for me but since you mentioned SBA loans, PE firms won't qualify for those as the maximum borrower net worth for SBA loans is $5,000,000. And asset net worth of $15,000,000.
  10. Borrow money from whom? This is a PE firm so its not like they issue junk bonds to the public where people that invested are screwed. They'd have to borrow it from a bank, banks that know these restaurant businesses. And these banks don't just shell out money to businesses without collateral, especially restaurants. But even before they do that, they would have to put a sizable downpayment(25 to 40 percent) towards the business that's hard cash generally belonging to the investors. This isn't a pump and dump scheme, the investors are the ones that get screwed here along with everyone that's involved with the business because it is a shitty business indeed. You also cannot just rearrange things in these restaurants to make numbers look "good". There just aren't enough margins to do that. The problem with franchises is that they run on extremely thin margins. A free standing location like DQ must do over 1.2 million in revenue at a minimum to break even given the expenses. From that $1.2 million, 33 percent will go towards labor, 33 percent will go towards food cost, 10 percent will be occupancy costs, 20-30 percent to other miscellaneous costs. If there's any money leftover, its profit. The numbers look better once the volumes are higher because the unlike labor and food cost the occupancy and miscellaneous costs stay the same. I have actual P/L's of many many different concepts and I'd be happy to share if you'd like to see. To make numbers look "good" like you suggest one would have to cut labor which is almost impossible given how tight these things are run. Source: I own and run multi unit franchises and know them inside out.
  11. Yep, OU - Baylor game was the most popular show/game on Saturday by far. 6.4 million viewers vs 1.5 million viewers for UCLA - Utah. https://programminginsider.com/57684-2/
  12. I don't know, he seems pretty good at yelling "Boomer". I'm sure there are plenty of millennials who'd find that sort of talent attractive especially if he can add the word "OK" to his repertoire.
  13. That's because they change things up if they don't work. You saw that against Baylor, initially you saw Lincoln using upperclassmen WR like AD Miller, Basquine in absence of CD Lamb as he thought they might give them a better shot and it didn't work so what does he do? Brings in his stable of true freshmen 5 star WR in Wease, Haselwood, Stogner(TE) and they made all the difference. They scored 3 of the 4 TDs OU scored.
  14. Very true! That's what OU did against Baylor and despite having a defense of mostly seniors and a few juniors they couldn't stop it.
  15. I've noticed this about the offense. Compare that to OU and you see that they come with a purpose on EVERY FUCKING DRIVE. Maybe its because they have better players, better game plan, worse defense over the years which compels them to do so but whatever it is, they show up ready. They impose their will, show a sense of urgency and execute like no other. Whereas Texas shows up and hopes to do stuff whatever that stuff is and shrugs shoulders when they can't and on to the next drive to be seven down.
  16. Yeah, this is fucking ridiculous while Jeudy is on there having played no one and played like shit against the only common opponent in LSU. Well, shit compared to Duvernay.
  17. https://thedraftnetwork.com/articles/slot-receiver-battle-royale-who-stands-out
  18. Did he say they played a pretty dang good defense? Uh the same defense that OU put up 35 in the first half?
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