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El Tiempo having cash problems?

17,980 Views | 119 Replies | Last: 1 yr ago by Ciboag96
Diggity
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AG




www.eltiempovip.com
Ferris Wheel Allstar
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AG
It's genius
Diggity
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You think?
gif
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I was leaning towards the platinum, but it doesn't have a free birthday dessert, so **** them
drumboy
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If you buy gift cards at CostCo you get $100 for $70 or so. I know lolpoor.
Liquid Wrench
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drumboy said:

If you buy gift cards at CostCo you get $100 for $70 or so. I know lolpoor.
I'm so General Board rich I usually try to pay more than asked. It's not really about tipping for good service, it's more about my own sense of self worth.
AgLA06
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ChiliBeans said:

drumboy said:

If you buy gift cards at CostCo you get $100 for $70 or so. I know lolpoor.
I'm so General Board rich I usually try to pay more than asked. It's not really about tipping for good service, it's more about my own sense of self worth.


You don't have to convince us. We have to read your posts.
David_Puddy
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AG
I was there with a buddy of mine yesterday and he signed up for the Platinum membership. He has company meetings and takes clients there enough so it's more than worth it for him. That's almost half price El Tiempo, which he's going to write off on his taxes at the end of the year anyway. I think it's a smart move by them. Plus when you want to go on a Friday or Saturday night when it's an hour wait, you call into their reservation line when you're on the way and you don't have to wait.
gif
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David_Puddy said:

I was there with a buddy of mine yesterday and he signed up for the Platinum membership. He has company meetings and takes clients there enough so it's more than worth it for him. That's almost half price El Tiempo, which he's going to write off on his taxes at the end of the year anyway. I think it's a smart move by them. Plus when you want to go on a Friday or Saturday night when it's an hour wait, you call into their reservation line when you're on the way and you don't have to wait.


Yeah, but where the hell is my free tres leches?
Diggity
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Is it $70 or $80 for the $100 cards?
Liquid Wrench
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drumboy
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I think it was a 20% discount so probably $80. I'm sure I'll end up there this weekend, as I do every weekend, so I'll check.
Diggity
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Gotcha. Wanted to tool on my friend who bought the VIP card if it was 30%
redag06
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I think most of their gift cards are 100 for 75
REMtx
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I've done this with the Buca di Beppo gift cards also at Costco. Those were $70 for $100. Though the service was bad so won't be returning for a while.

Wife was going to use the el tiempo cards to plan a meal for a group of people for a small funeral, but the person who was co-hosting was too cheap for even this deal. They ended up going to Chili's. Chili's. Probably spent the same too in the end.
MemorialTXAg
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Ferris Wheel Allstar said:

It's genius


Please elaborate.
ATM9000
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No Pressure said:

Ferris Wheel Allstar said:

It's genius


Please elaborate.

Generally, if El Tiempo can sucker people to prepay for that much Mexican food, I'd say El Tiempo won that transaction.
Al Bula
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Good for el tiempo. If they can convince the wannabe upper crusters this is a steal, more power to them. The screechers who decried sessions eating there would be shocked at how many libtard Beto voters will eat up this deal.
Liquid Wrench
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This would have saved me money back in the day. Party on Washington.
Build It
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I'm pretty sure the Laurenzo's are flush with cash. Why are you slandering a great Houston business and family?
Liquid Wrench
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This board hates any local business that shows moderate success without relying on hipster mission statement nonsense.

Diggity
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Just strange that a business that is routinely on an hour plus waitlist on weekends feels the need to give 40% discounts.
Build It
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Probably all Dallas carpetbaggers
Liquid Wrench
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I'm sure it's cash flow, but it's not all that unusual.
ATM9000
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Diggity said:

Just strange that a business that is routinely on an hour plus waitlist on weekends feels the need to give 40% discounts.


Meh... especially the top level one... 5G's of El Tiempo food... that's a ****load of El Tiempo. If they get 30 people to sign up for that, even the most ardent El Tiempo fans for the most part probably would take at least 2 years to go through that credit and that's probably agressive. Conversely, doing that is a great way to raise working capital or CAPEX for a new venture and keep equity.
Build It
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You don't have to be a finance major to figure this one out. Just quit trashing these folks. Besides I'm pretty sure Dominic could take you in a fair fight.
sts7049
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questioning business practices does not equal trashing
Build It
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Maybe that was a bit harsh. But I'd still like to see the MMA fight. I also suppose you didn't see the winky face.
6.5 Swede
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Related to back lash for picture with Jeff Sessions?

https://www.dailydot.com/irl/el-tiempo-cantina-jeff-sessions/
Diggity
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It's obviously an attempt to raise cash. I was just wondering what the impetus was for it.

It's a great restaurant, but let's not act like the family doesn't have a history of making poor business moves. Ninfas imploded and El Tiempo signed off franchise rights to a group of hacks that they had to sue after the first restaurant.
drumboy
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Pappasitos seems profitable but they constantly have the buy $100 GC get $20 GC free specials.

Gift cards are up front cash that might not ever be used.
94chem
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REMtx said:

I've done this with the Buca di Beppo gift cards also at Costco. Those were $70 for $100.


I think you're doing it wrong.
REMtx
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Lol, I paid $70 for $100 dollars worth of gift cards. It did read that I paid the opposite, sorry.
sts7049
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i think the fail is buying gift cards from buca di beppo
88jrt06
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Around November, both Escalantes and El Tiempo have a long history of selling 80% cards. Thanks to those who underwrite them by leaving them in a sock drawer!
This could be better than that. But, business as usual, no desperate cash flow issue.....year end tradition.
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