How does Steaks on South stay in business? - Page 2 - PhillyBlog

alesis · #11 (**permalink**) 01-12-2008, 04:15 PM

Quote:

Originally Posted by steco

i actually like sos better than jims .. it's less crowded, no steak nazis, I'm not ordering under that vent and getting coated in steak stink, and the steak is bigger. My only complaint is the weird hours. Always seems closed to me.

I agree. I also think that the steaks at SOS are a perfect size, and not overbearing like other places.

Joely · #12 (**permalink**) 01-12-2008, 04:21 PM

They lose a little on each sandwich ... but make it up in volume ....

(A very old joke).

Quote:

Originally Posted by alesis

Their food is pretty good, but the place has been cursed ever since foodtek was there. I've got a killer idea for that place but I refuse to pay the rent.

Remember right before SOS a guy spent a ton of money to build a roast pork business? I don't even think it was open long enough for me to place an order.

Steaks On South can stay open because the owner is the former owner of Pontiac.

Dobb's was awesome(and may be again...shhhh), then a lady bought it. She got married. She allowed her husband to run it into the ground by ripping off musicians, allowing beer to go sour, etc.. Once he properly screwed it up he decided to go into the food business. rennovated Pontiac and built Steaks On South.

Steaks on South has been for sale several times-price has varied from 375k down to somewhere around 189k(if I remember correctly-its been on craigslist a bunch of times). The place simply doesn't have enough equipment to warrant that type of sale without owning the building.

Meanwhile they sold the pontiac building for somewhere between 800k-1.1mil(can't remember off hand) so they're riding out the lackluster business at S.O.S. while in search of a buyer or a mass influx of business.

tommystar · #13 (**permalink**) 01-12-2008, 06:26 PM

Quote:

Originally Posted by steco

i actually like sos better than jims .. it's less crowded, no steak nazis, I'm not ordering under that vent and getting coated in steak stink, and the steak is bigger. My only complaint is the weird hours. Always seems closed to me.

i agree also. used to frequent the place when i lived at american and south, would have more if not for the damn south street tax.

alesis · #14 (**permalink**) 01-12-2008, 06:43 PM

Quote:

Originally Posted by tommystar

i agree also. used to frequent the place when i lived at american and south, would have more if not for the damn south street tax.

hehehe...you and your south street tax. A cheesesteak at Jon's and similar south philly places costs just as much as south street:

Geno's.-$7
Pat's-$6
Jon's-$6.5
---South Street Prices----
Steaks on South-$7.49
Jim's Steaks-$7.49
Steve's Steaks-$5.5
La Pizzeria-$5.5
Ishkabibbles-$7

So, if you want to be technical, Jim's and SOS are a whopping 50cents higher, while other south street places serve great food at cheaper prices. There is no such thing as a south street tax.

nipseyrussell · #15 (**permalink**) 01-12-2008, 07:11 PM

jeez, alesis is the ralph nader of cheese steaks. any other local consumer education you can share??

montrose · #16 (**permalink**) 01-12-2008, 07:18 PM

What is the South Street tax?

alesis · #17 (**permalink**) 01-12-2008, 07:27 PM

Quote:

Originally Posted by nipseyrussell

jeez, alesis is the ralph nader of cheese steaks. any other local consumer education you can share??

Limited service restaurants within the south street area currently provide $34,600,000 worth of revenue to our local economy if you adjust the numbers from a 2004 market capitalization survey. The immediate residents account for 12%-18% of sales depending on the type of restaurant. Anything else?

Oh, per usual-google that Lattéhell.

tommystar · #18 (**permalink**) 01-12-2008, 07:29 PM

Quote:

Originally Posted by montrose

What is the South Street tax?

it's my own term - i have to pay more for food and drink because i live in an area that caters to tourists. i'm also a curmudgeon, i know.

alesis · #19 (**permalink**) 01-12-2008, 07:30 PM

Quote:

Originally Posted by montrose

What is the South Street tax?

South Street Tax is a perception of an adjustment in average pricing to reflect additional contingencies such as rent, taxes, etc.., and to capitalize in a densely visited market.

It does not exist.
edit*-its exists the same way as old city tax, nolibs tax, center city tax, and manayunk tax, which all charge me more for my desired type of beer than south street.

nipseyrussell · #20 (**permalink**) 01-12-2008, 11:34 PM

Quote:

Originally Posted by alesis

Anything else?

forget the economics, i want to know where all the good deals are. say what you will about alesis (and they will) but we got full regional cheesesteak pricing pronto. comparative beer prices across the BV/QV area?