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Published · transcript-backed

Speaker unverified: belief

20 Mar 2020 Acquired Adapting Episode 1: Canlis

“I think that'll posture us really well coming out of this thing on the other side.”

— Speaker unverified

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Everything needed to verify it.

Speaker
Speaker unverified
Attribution
Not verified from this transcript
Claim type
belief
Recorded
20 Mar 2020
Publisher
Acquired

Transcript context

…Can you talk about the average ticket price for each of these three concepts? Burger fries are $14. We have designed this thing not to make money. I don't think there's anything unethical about making money at this time. In a certain sense, we have a duty to do so. Mostly as a means of protecting the staff and to be clear, we're only four days in. I don't know if we are that's to say. The bagel concept clearly does not make money. It's labor-intensive. We don't have the equipment to scale that in any way such that we could move that to be a profitable business. We could raise the prices but that just feels dirty. The point is to keep people employed. With burgers, we probably make a little extra. With bagels, we're definitely losing. With dinner, as we scale that up, that'll be profitable and somehow if we can get to break even. Even from the onset, that's what the goal was. It was like it'd be amazing if for the next three months Canlis could not lose money. I think that'll posture us really well coming out of this thing on the other side. I do think of it as a few months, not just a few weeks. Bagels came out with the idea of four, we're gonna be really busy for lunch. Our expediter happens to be this incredible woman from the Lower East Side of Manhattan. She's a baker and she makes a ridiculous bagel. The chef is from Brooklyn and she was like, "That's the best bagel I've had in New York City or in Seattle." We happen to have a bread oven and a shipping container and it was a no brainer. So, we just opened the bagel shed and we're doing everything bagels with fried eggs, homemade sausage, and cheese. Can you sell the bagels as an add on to dinner for breakfast at home the next morning?…

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