Quote:
Originally Posted by Rhesus
$400k in rent per year, and the bar didn't bother to pay $550k to buy the building? Sounds like a stripped down version of the story...
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3 late 20's kids and they ran out of money. already leaveraged to the MAX with the reno. they were CRYING they couldn't buy the bar - crying.
banks won't touch bars here with a 10 foot pole. I ran into the same problem getting financing. most bars go under in less than a year.
my business plan only hopes the bar makes it 6 months - anything after that is a bonus
had to use private financing.
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This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!
Now read without the word dog.
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