The Bimbo Deluxe business model (very cheap food that draws in crowds who buy lots of normally priced drinks) may not be the profitable concept it seems, as the private equity owner of a group of pubs including Bimbo Deluxe is experiencing financial problems. Cornerstone Hotels is in receivership and it’s possible that Bimbo Deluxe could close or be sold. The scale of the debt is obvious when you learn that they paid over $3million for the Tote but can’t sell it for $1million. Get in for some cheap pizza while it lasts…

bimbo2 Bimbo Deluxe has an uncertain future

Bimbo Deluxe has an uncertain future

7 thoughts on “Bimbo Deluxe has an uncertain future

  • 11 April 2009 at 1:06 am
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    oooooh no!! where else can you get pizza this cheap and good?!

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    • 11 April 2009 at 9:26 am
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      Don’t panic! They won’t necessarily close.

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  • 11 April 2009 at 10:34 am
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    The new Royal Derby does a similar deal.

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    • 11 April 2009 at 1:52 pm
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      I’ve already reviewed the Royal Derby, but their deal has changed. The pizzas are now $6 and you have to buy a drink with them. The pizza is not as good and is now more expensive.

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  • 12 April 2009 at 10:12 am
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    Fair enough, in related news, I notice the Tote now has a for sale sign on it..

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    • 12 April 2009 at 11:16 am
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      Yes, it was passed in at auction and now they’re waiting for someone to make an offer.

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  • 5 May 2011 at 1:53 pm
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    Cheap pizza is just that, cheap. Live music and a real culture and community is something cannot be replaced. Maybe it’s their karma for killing the Punters Club and The Duke of Windsor.

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