Patis Bakery

[Dan]

What's his deal? He's constantly jumping all over the place

Ultra creative types rarely are happy staying in one place. But boy do I miss Pardes.

[shaulyaakov]

Patis is still amazing. Could be they didn't need someone of his caliber.

The strawberry crossiant is one of the best bakery items I've ever had.

[mochjas]

Patis is still amazing. Could be they didn't need someone of his caliber.

The strawberry crossiant is one of the best bakery items I've ever had.

I love the strawberry cheesecake... But I wouldn't call Patis amazing, its Ok. Maybe because I only eat it delivered to Brooklyn for the most part.

[shaulyaakov]

I love the strawberry cheesecake... But I wouldn't call Patis amazing, its Ok. Maybe because I only eat it delivered to Brooklyn for the most part.

What's better in the US? I think it's a toss up between ZTB and Patis, but patis has a much wider menu.

[Dan]

What's better in the US? I think it's a toss up between ZTB and Patis, but patis has a much wider menu.

Patis for baked goods.
ZTB for sandwiches and the like.

[mochjas]

What's better in the US? I think it's a toss up between ZTB and Patis, but patis has a much wider menu.

im not saying there are better pastries in the US but it’s still not amazing to me

[moish]

im not saying there are better pastries in the US but it’s still not amazing to me

I kinda agree with that sentiment. I was expecting to be blown away. I wasn't.

[elazarmn]

They opened a shop on Ave M in flatbush.

[AsherO]

They also opened in CH and were taking about opening in Manhattan. Is business so good during COVID? I wish that were the case.

[mochjas]

They also opened in CH and were taking about opening in Manhattan. Is business so good during COVID? I wish that were the case.

they opened in Manhattan in the art house hotel

[PlatinumGuy]

they opened in Manhattan in the art house hotel

~2 years ago

[PlatinumGuy]

They also opened in CH and were taking about opening in Manhattan. Is business so good during COVID? I wish that were the case.

A lot of turnover means it's much easier to open new restaurants. Lower rent, easier terms (shorter commitment period), easier to find staff, gov't money, hungry people...

[AsherO]

A lot of turnover means it's much easier to open new restaurants. Lower rent, easier terms (shorter commitment period), easier to find staff, gov't money, hungry people...

Then why are so many eateries going out of business. The startup costs for an eatery are apparently a small fortune.

(Less so for Patis because they already have their main bakery in NJ and they don’t bake everything on-premises at each location)

[PlatinumGuy]

Then why are so many eateries going out of business. The startup costs for an eatery are apparently a small fortune.

(Less so for Patis because they already have their main bakery in NJ and they don’t bake everything on-premises at each location)

Lower startup costs = lower quality businesses getting off the ground.
There may be demand issues depending on the exact service type (a sit in restaurant would be in much more trouble than a mostly T/A bakery)

[whacked1]

Then why are so many eateries going out of business. The startup costs for an eatery are apparently a small fortune.

(Less so for Patis because they already have their main bakery in NJ and they don’t bake everything on-premises at each location)

There is opportunity for new business. There is a lot of commercial leasing trading.

New restaurants or qsr spots are taking spaces that 1) heavy discounted base rent 2) great concessions (TI , buildouts etc) 3) have clauses added to new leases in the event of shutdowns, how much of their rent gets abated etc. 

Whereas old restaurants have the disadvantage that even if the LLs are making deals, very few are amending all the provisions of the leases. So ultimately the LL expects to return to the initial rent schedule, which many dont see possible

[AsherO]

There is opportunity for new business. There is a lot of commercial leasing trading.

New restaurants or qsr spots are taking spaces that 1) heavy discounted base rent 2) great concessions (TI , buildouts etc) 3) have clauses added to new leases in the event of shutdowns, how much of their rent gets abated etc. 

Whereas old restaurants have the disadvantage that even if the LLs are making deals, very few are amending all the provisions of the leases. So ultimately the LL expects to return to the initial rent schedule, which many dont see possible

Thanks! This real estate perspective is really enlightening. Rent is a huge factor in the cash flow of such businesses.

It explains the difference between existing/new businesses.

[whacked1]

Thanks! This real estate perspective is really enlightening. Rent is a huge factor in the cash flow of such businesses.

It explains the difference between existing/new businesses.

Yup. There are talks with a well known chain that has left nyc previously to return (with a bang) because of the real estate.

[AsherO]

Yup. There are talks with a well known chain that has left nyc previously to return (with a bang) because of the real estate.

Kosher? Coffee Bean / Tea Leaf?

[PlatinumGuy]

Kosher? Coffee Bean / Tea Leaf?

CBTL isn't Kosher anymore bc Sasoon sold his last remaining stake

[whacked1]

Not sure this brand is kosher. Can't say name just yet. I need to wait for their response to our spaces...