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Bad News for a Top BBQ Joint in Austin (Valentina's)

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JohnInCarolina
JohnInCarolina Posts: 31,079
in EggHead Forum
Hate to see this:

https://www.chron.com/food/article/barbecue-austin-valentinas-closed-texas-19424664.php

Their breakfast taco, the Real Deal Holyfield, is one of the best things I've ever had.  Sounds to me like they just got into a deep hole and kept digging.  
"I've made a note never to piss you two off." - Stike
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  • WeberWho
    WeberWho Posts: 11,048
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    Ouch. Not a good look. That's too bad. 
    "The pig is an amazing animal. You feed a pig an apple and it makes bacon. Let's see Michael Phelps do that" - Jim Gaffigan

    Minnesota
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  • fishlessman
    fishlessman Posts: 32,842
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    2.3 million is a huge hole to dig out of for a small business and the restaurant business has places closing all over the place
    fukahwee maine

    you can lead a fish to water but you can not make him drink it
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  • Hook_emHornsfan_74
    Hook_emHornsfan_74 Posts: 1,359
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    From some friends I have who live in Buda, they said that they are going to reopen, just under a managing company.  They can obviously cook, but going from 600sq ft. to 6000sq ft was a little more than they could handle.  
    Midland, TX XLBGE
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  • Legume
    Legume Posts: 14,640
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    They should temporarily rename the Real Deal Holyfield the Riddick Bowe.
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  • DoubleEgger
    DoubleEgger Posts: 17,245
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    600sq ft or 6,000sq ft, a thief is a thief. If the allegations are true, they deserve everything that’s coming their way. 
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  • JohnInCarolina
    JohnInCarolina Posts: 31,079
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    DoubleEgger said:
    600sq ft or 6,000sq ft, a thief is a thief. If the allegations are true, they deserve everything that’s coming their way. 
    Yeah, stealing from high school kids is not a good look no matter what. 
    "I've made a note never to piss you two off." - Stike
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  • lousubcap
    lousubcap Posts: 32,554
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    Hook_emHornsfan_74 said:
    From some friends I have who live in Buda, they said that they are going to reopen, just under a managing company.  They can obviously cook, but going from 600sq ft. to 6000sq ft was a little more than they could handle.  
    I had read that as well but time will tell.  They are in quite a trick-sack.  Reportedly their service has gone way down.
    I was there in October 2023 and did not have any issues.  The RDH was a great as ever.  
    I'll be there this coming October as well.  Hopefully enjoying the RDH.
    Louisville; Rolling smoke in the neighbourhood. # 38 for the win.  Life is too short for light/lite beer!  Seems I'm livin in a transitional period.
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  • Legume
    Legume Posts: 14,640
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    6000 may have worked if they were in Austin, but they're a few exits too far now.  Buda is like another country for most folks in Austin, definitely anyone north of the river.  They'd have to be in the Cabelas parking lot for that to work.
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  • Ozzie_Isaac
    Ozzie_Isaac Posts: 19,220
    edited May 2
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    Being involved with a few business ventures, I understand their pain (not the stealing from high school kids, or anybody for that matter … hopefully that is a misunderstanding). Scaling businesses is very hard.  YouTube, coaches, classes, books, etc make it look easy, but many times it is not.  Doing it in the notoriously fickle and cut throat restaurant industry has to be darn near impossible.  It seems like revenue grows linearly while expenses grow exponentially.
    They don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That's against their interests. - George Carlin
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  • fishlessman
    fishlessman Posts: 32,842
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    someone up top was skimming, cash, extra rent for the building, gas cards, atm, trips, pocketing the tax dollars etc. no way does steeling from hs kids add up to 2.3 million. i doubt you could steel 50k in several years with part time hs kids =)
    fukahwee maine

    you can lead a fish to water but you can not make him drink it
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  • Ozzie_Isaac
    Ozzie_Isaac Posts: 19,220
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    fishlessman said:
    someone up top was skimming, cash, extra rent for the building, gas cards, atm, trips, pocketing the tax dollars etc. no way does steeling from hs kids add up to 2.3 million. i doubt you could steel 50k in several years with part time hs kids =)
    Did they steal $2.3M or are they in debt to contractors and government for $2.3M?
    They don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That's against their interests. - George Carlin
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  • fishlessman
    fishlessman Posts: 32,842
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    Ozzie_Isaac said:
    fishlessman said:
    someone up top was skimming, cash, extra rent for the building, gas cards, atm, trips, pocketing the tax dollars etc. no way does steeling from hs kids add up to 2.3 million. i doubt you could steel 50k in several years with part time hs kids =)
    Did they steal $2.3M or are they in debt to contractors and government for $2.3M?
    In these times contractors don't play bank, it's money down then partial payments, when the project is done they maybe owed ten percent. If the govt is owed, even the dog is tagged by the irs. I had a book keeper skimming for a few years, the irs practically lived with me til I got the money back from her husband's pension plan, she owed about 250k, only about 50k was social security money. Getting the money back was bluff and pure luck, that usually doesn't happen. Accountants are no help, they just assume the owners are taking it and tell you to slow down if they can't hide it

    It's retty hard to not see the losses on the profitt loss sheet happening over a 3 year period with 2.3 mil missing in a small business
    fukahwee maine

    you can lead a fish to water but you can not make him drink it
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  • TheFishWhisperer
    TheFishWhisperer Posts: 82
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    fishlessman said:
    Ozzie_Isaac said:
    fishlessman said:
    someone up top was skimming, cash, extra rent for the building, gas cards, atm, trips, pocketing the tax dollars etc. no way does steeling from hs kids add up to 2.3 million. i doubt you could steel 50k in several years with part time hs kids =)
    Did they steal $2.3M or are they in debt to contractors and government for $2.3M?
    In these times contractors don't play bank, it's money down then partial payments, when the project is done they maybe owed ten percent. If the govt is owed, even the dog is tagged by the irs. I had a book keeper skimming for a few years, the irs practically lived with me til I got the money back from her husband's pension plan, she owed about 250k, only about 50k was social security money. Getting the money back was bluff and pure luck, that usually doesn't happen. Accountants are no help, they just assume the owners are taking it and tell you to slow down if they can't hide it

    It's retty hard to not see the losses on the profitt loss sheet happening over a 3 year period with 2.3 mil missing in a small business

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  • fishlessman
    fishlessman Posts: 32,842
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    TheFishWhisperer said:
    fishlessman said:
    Ozzie_Isaac said:
    fishlessman said:
    someone up top was skimming, cash, extra rent for the building, gas cards, atm, trips, pocketing the tax dollars etc. no way does steeling from hs kids add up to 2.3 million. i doubt you could steel 50k in several years with part time hs kids =)
    Did they steal $2.3M or are they in debt to contractors and government for $2.3M?
    In these times contractors don't play bank, it's money down then partial payments, when the project is done they maybe owed ten percent. If the govt is owed, even the dog is tagged by the irs. I had a book keeper skimming for a few years, the irs practically lived with me til I got the money back from her husband's pension plan, she owed about 250k, only about 50k was social security money. Getting the money back was bluff and pure luck, that usually doesn't happen. Accountants are no help, they just assume the owners are taking it and tell you to slow down if they can't hide it

    It's retty hard to not see the losses on the profitt loss sheet happening over a 3 year period with 2.3 mil missing in a small business

    And he whisperers.....and stutterers
    fukahwee maine

    you can lead a fish to water but you can not make him drink it
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  • The Cen-Tex Smoker
    The Cen-Tex Smoker Posts: 22,987
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    Looks like their investors are taking over the business and making them operate it to pay back the debt. Savage haha. Will be interesting to see how that plays out. $2.3M is many years worth of Real Deal Holyfield tacos. And if they can’t get their service levels significantly up, they won’t last 6 months. 
    Keepin' It Weird in The ATX FBTX
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  • JohnInCarolina
    JohnInCarolina Posts: 31,079
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    < looks for flights to Austin > 
    "I've made a note never to piss you two off." - Stike
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  • Canugghead
    Canugghead Posts: 11,612
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    or Bre-X helicopter
    canuckland
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  • Botch
    Botch Posts: 15,548
    edited May 4
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    Ewps, wrong forum...  :blush:  
    _____________

    "I hear you're free on Wednesdays..."    - JB  


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  • lousubcap
    lousubcap Posts: 32,554
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    6 months gets thru October.  I may have one last chance for the RDH-
    Louisville; Rolling smoke in the neighbourhood. # 38 for the win.  Life is too short for light/lite beer!  Seems I'm livin in a transitional period.
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  • Howdy1
    Howdy1 Posts: 6
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    Kind of par for the course there, they can cook but management of a restaurant is\was not there thing.  Only went there a couple of times as even when there was no line, it took forever to get your food. 

    Hopefully the management company can teach them how to run a restaurant to augment their awesome cooking skills!   Places like Franklins and Terry Blacks have always amazed me at how they can maintain quality day after day.  and Terry Blacks...man, the amount of meat and people they move through their restaurant everyday is just staggering.  
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  • ColbyLang
    ColbyLang Posts: 3,468
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    Never been to Buda….never had a RDH…..being in the food industry and servicing a lot of restaurants, very few know how to properly manage their businesses. Busiest places in town can’t pay their bills or their staff. It takes a well oiled machine with an extremely refined checks and balances system to make it work when scaling. That’s why so many fail. 
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