Tara Paige Travels: Bacchanal, New Orleans

bacchanal-5.jpgAt Tara Paige, we love summer in the city – the patio dining, food festivals and street fairs (not to mention the reduced lines at some of our favorite spots). But we still need to hit the road occasionally, and check out the concepts that have people buzzing all over the country. Which brings us to this special travel edition of our retail spotlight, on Bacchanal – a unique concept off the beaten path in New Orleans, Louisiana. Located in Bywater (just over the canal from the Ninth Ward), Bacchanal highlights the vitality of a city where music comes from every street corner, and great food and wine require no excuses or white tablecloths to enjoy.

The heart of the concept is a simple but rarely imitated one; Bacchanal is a wine and cheese shop with a large backyard, where local musicians play sets from lunch till late night. Guests can browse the shop, chat with the knowledgeable staff about vintages and cheese pairings, and then grab their chosen bottle and an ice bucket and head for the back, where a selection of mismatched patio furniture offers about 100 first-come-first-serve seats for watching the band. Servers will put together a plate of your chosen cheese and charcuterie, and bring it out to the table while you sip and listen. For those feeling a bit more peckish, there’s also a full dinner menu, served out of a small window in the back of the wine store from a kitchen barely big enough for the two cooks working inside. The tables fill up early in the evening, but most are large enough to share between multiple groups of friends, inspiring conversation and new connections.

When they began, Bacchanal was primarily a little-known wine shop on the outskirts of the city. After hurricane Katrina devastated the area, they began hosting guest chef pop-ups with live music each Sunday – helping revitalize the city by bringing its residents together around great food and wine in a neighborhood setting. As their website and owners describe, the business model was not without its legal hurdles, since Bacchanal exists somewhere at the intersection of wine store, restaurant, speakeasy and block party, and was not always licensed to be all those things. We’re glad they took the risk though, and the concept remained intact after their day in court.

The food “is dedicated to the ingredients themselves and the wine that flows with them, it is focused Mediterranean minimalism.” This is somewhat in contrast with the big Cajun flavors to be found in the heart of the French Quarter, for which tourists rightfully travel from thousands of miles. There’s no gumbo on the menu, but there is a fantastic ceviche and a delicate, garlicky bucatini. Many items are seasonal, and local produce is prominantly featured. No matter what guests ultimately order, the Bacchanal experience still captures the spirit of New Orleans: an unpretentious commitment to living life to the fullest, come rain or shine.

Bacchanal is located at 600 Poland Avenue, New Orleans LA, 70117. Visit their website at http://www.bacchanalwine.com.

5/16: Master the Basics of Restaurant Accounting

Thinking of adding COO or CFO to your title? On May 16th, our very own Tara Berman, CPA, MBA, and Managing Partner at TaraPaige Group, will be joining the collaborative learning community Journee to teach the basics of restaurant accounting and controls. The class will provide participants with an accounting foundation that their restaurants can stand on, including all the tools to implement systems and procedures that can contribute to long-term financial success.

Tickets are free for Journee members, who also get access to a shared workspace and unlimited classes throughout the year.

To learn more and register, click here.

Bringing Concepts to New York City

It’s not news that the New York City hospitality industry is unlike any other in the world. With over 40,000 restaurants, New York is a mecca for foodservice. While this presents a great opportunity for operators from elsewhere, it is also not to be taken lightly—the NYC market is competitive and volatile. As advisors, it is our responsibility to ensure your success. The following is a brief overview of the work we do to achieve that:

Fully Understand the Concept
This means going to the source. As advisors, it’s of utmost importance that we really comprehend the entire experience—from product, to packaging, to interior design, to the location, to the culture. We need to understand what makes your business work where it is in order to properly plan out how it will succeed in New York City. Whether you operate in San Francisco or Sao Paulo, we will come to you to do our due diligence. Last month we were in Mexico City! (Stay tuned for more details!)

Refine the Concept
Next, we identify where your concept fits in the current landscape—is it entirely new, or is there already direct competition? Based on this, we begin to refine the concept accordingly. Any adjustments we suggest are driven by what will generate revenue. We want to maintain the authenticity and soul of the enterprise but ensure that it resonates with the NYC market.

In the same vein, we want the concept to appeal to a similar demographic. New York City is not one large homogeneous pot; it is a stew of different neighborhoods with different characteristics. As such, a high-volume, fine-dining concept from Japan that is frequented by businesspeople with high disposable incomes won’t fare well in Red Hook. We’re going to make sure you open in the right place.

Plan Accordingly
Once we’ve defined the concept for New York, we can honestly develop a business plan. Now, we can put the vision on paper and tie it to financials and a timeline.

Capital and operating budgets come from cold, hard data. We analyze your menu, equipment needs, labor scheduling, sales mix, floor plan, goals and vision, like concepts, menu pricing, average check, traffic counts, and market rents to flesh out a realistic budget. A steakhouse requires drastically different equipment and seating types than a coffee shop.

New York City is known for moving quickly—but that’s not actually case with restaurant development. Finding the right space, getting Department of Buildings approval, getting ConsolidatedEdison to turn on your gas, getting a certificate of occupancy, sourcing the right ingredients and finding the right team, and getting a cooperative’s board to approve plans are just a few of the items that can dramatically slow down the pace of a project. We’re going to make sure you open on time and on budget.

No matter where you’re from or what your model, we’re ready to bring it to life in New York City. Our town is booming with opportunity for those properly prepared—we’re here to shepherd you to success.