Japanese beef croquettes are so popular there's a 30-year waitlist

Re:Japanese beef croquettes are so popular there's a 30-year... by andreimiulescu on Sunday January 08, 2023 @05:45AM (#34297941)

It’s an interesting model, you pay upfront and wait for 30 years.

So they have about 6m $$ that will always be in their account so they can kinda invest that, given that the US stock market has returned 6.8% on avg since the 1870s https://themeasureofaplan.com/us-stock-market-returns-1870s-...

They are actually making $1000+ per day at that return if they just invest their 6m, so 450$ loss is actually a 500$+ gain.

But I imagine they use the 6m to expand their business in which case the returns would be higher.

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Re:Japanese beef croquettes are so popular there's a 30-year... by innocenat on Sunday January 08, 2023 @06:33AM (#34298221)

For this product, they only accept cash on delivery payment method. So they aren't getting $6mm up front.

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Re:Japanese beef croquettes are so popular there's a 30-year... by witheld on Sunday January 08, 2023 @10:33AM (#34299910)

That comment seriously had me worried, a butcher producing 6 million dollars of promissory notes (!!!) would be concerning to say the least

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Re:Japanese beef croquettes are so popular there's a 30-year... by MichaelZuo on Sunday January 08, 2023 @01:50PM (#34301859)

Well maybe one day...

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Re:Japanese beef croquettes are so popular there's a 30-year... by andreimiulescu on Monday January 09, 2023 @01:34AM (#34307481)

It would be the perfect scenario, I think people would pre-pay.

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Re:Japanese beef croquettes are so popular there's a 30-year... by JoshuaDavid on Monday January 09, 2023 @01:18PM (#34313827)

Perhaps they could use a cryptocurrency for customers to be able to demonstrate that they were entitled to a beef croquette. Proof of Steak I think it's called.

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