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Restaurant Selling $175 Burger Files for Bankruptcy
The Wall Street Burger Shoppe filed for Chapter 7 protection, after only three short years of serving up its infamous $175 Richard Nouveau Burger to the financial district's elite.
Posted 7/ 8 11 at 3:00 PM | News, Food & Beverage
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A New York restaurant that made headlines by selling a $175 burger has shut its doors. The Wall Street Burger Shoppe filed for Chapter 7 bankruptcy protection this week, after being open for only three years.The upscale Wall Street eatery catered to the bank-laden crowd of lower Manhattan, but its pricey blend of Kobe beef, black truffles and foie gras couldn't bring in enough revenue to cover the restaurant's reported liabilities of $500,000.
Chef and owner Kevin O'Connell has launched several other successful eateries, including Pop Burger, Pizza Bar and Veranda, and has worked under notable chefs Daniel Boulud, David Burke and Patrick Clark, according to his consulting website.
The $175 burger, known as the Richard Nouveau Burger, was reserved for the spot's upscale second floor dining room, while the common folk dined at the quick-serve counter downstairs.
Burger entrepreneurs shouldn't fret -- restaurant guide guru Tim Zagat doesn't see this as a sign that the burger trend is slowing. "The economy has been driving this trend for the past three years and I don't see that disappearing yet," Zagat told Crain's New York.
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Comments (Page 1 of 1)
Oh well. Those that have money will always spend it. That's what makes the world go around.
GEE! I guess I'll have to go a take out burger place and pay a measilly $10.00 Bucks for the same meal!?!?
OH WELL THE COST OF LIVING IN NY WITHOUT SALT!!!!
It took 3 years for these nut's to file? Food cost no more than $22.00 and selling this crap for $175.00?
Better get back to re-training at Mickey Dee's!! Bon Appetit... Send these ponzi AH's to Rickers Island and let Big Buddy show they how to reduce their food costs.
Just another POMPOUS display .... of waste...
Anyone who has the nerve to sell a $175 hamburger should not be allowed to shut down ... they should be burned down. LMAO!
These gimic driven restaurants never last very long and there the current mindset of quickly tiring of going to the same place to eat.
I am sure I would suffer with heart burn (caused more from guilt in paying $175) after eating a burger this expensive.
When the Stimulus money ran out, the place had to close. Bet the US taxpayer bought a lot of $175 burgers.
Wall street skum peddling excess to other Wall Street Skum! JC
Please, if the burgers were any good upstairs or at the counter they would still be opened.
THEY HAD THEIR 15 MIN AND NOW THEY THEIR GONE. IS ANYONE SURPRISED ?