Canoe

[codeman671]

Lobsters and steamers are half the price of steak tips and have been for a long time. To pay $30 for a 4.5oz tail and 4oz filet is crazy. Do the math!

[jetskier]

I figure that at wholesale that was about $10 of food on the plate which makes a $30 "special" a bit over the top. The lobster mac&cheese comes out to maybe $6 of food on the plate. That would put the direct margins at 66% which is very high.

I just looked at the O's menu and the lobster mac&cheese is actually cheaper than Canoe. We always viewed Canoe as being a bit more value oriented than O's....seems we were wrong.

Jetskier

[SAMIAM]

Originally Posted by codeman671

Lobsters and steamers are half the price of steak tips and have been for a long time. To pay $30 for a 4.5oz tail and 4oz filet is crazy. Do the math!

That really is a fair deal if you do the math.$30 for a meal that costs $10 equals a 33% food cost which is barely profitably for most restaurants.
Sure,it's cheaper to eat at home but most restaurants have at least a 35%payroll plus huge insurance costs,fees,taxes,mortgages and other overhead that allows the average restaurant to net a modest 6%to 10% on a good year.
I know it sounds like a lot of money when you compare it to supermarket prices but some times it's just worth it to have a nice night out and let someone wait on you.......and they do the dishes.

[Shreddy]

Originally Posted by SAMIAM

That really is a fair deal if you do the math.$30 for a meal that costs $10 equals a 33% food cost which is barely profitably for most restaurants.
Sure,it's cheaper to eat at home but most restaurants have at least a 35%payroll plus huge insurance costs,fees,taxes,mortgages and other overhead that allows the average restaurant to net a modest 6%to 10% on a good year.
I know it sounds like a lot of money when you compare it to supermarket prices but some times it's just worth it to have a nice night out and let someone wait on you.......and they do the dishes.

Couldn't agree more...