Faro for sale at the Weirs
Faro's at the Weirs is for sale if you want it for 1.8 million dollars.
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I wonder if this is because Faro Express is doing well?
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https://www.loopnet.com/Listing/70-E...a-NH/14791957/
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Wow, was just there Friday evening. Know they are having a difficult time retaining help. Chefs to staff. Package the drive in and Faro and you have your self a nice lot
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True, nothing deep pockets could not take care of. Dam, if they were able to build a Casino on that toxic waste dump in Everett Mass. Any thing is possible. Also, what a great spot for NH’s first Casino
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I know nothing about Faro being for sale but...
This is likely to be a very aggravating hiring season. In the restaurant business you have two places that make life miserable. No business or no help. Again, I know nothing about their situation but if I were on the fence about leaving, this coming summer would likely push me over. |
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So, I've never set foot inside Faro, or the prior Lobster Pound, so how much do you expect to pay there for a big, fancy-dancy dinner with everything?
www.faroitaliangrille.com/menu ..... looks very expensive compared to staying home and making tuna fish, rice, and canned pineapple aka a one pot backpacker style dish! Face it ..... the Weirs Beach area is basically doomed to be an economic flop forever .... if you want to pin the blame on any one reason .... attach fault to the NH Veteran's Assoc line of about eight old, waterfront monstrosity, seasonal buildings that line Shoreline Drive, across from the public docks ..... and, ditto that blame for Bike Week, too. One big reason why the NH Veteran's Assoc buildings can survive on that waterfront land is because it pays no property taxes and makes most of its revenue from sidewalk space rental use during Bike Week. Enough revenue to maintain the buildings with new roof shingles, new exterior paint, and ongoing maintenance. In 1923 or so, the NH legislature some how donated the land to the Veterans Assoc, so it will probably be there, forever. These NH Veterans building basically occupy commercial waterfront land, and are basically unoccupied, 95% of the time. Is it a museum for these old, unheated, un-foundationed, seasonal, Civil War era buildings ..... or what is it? It is what it is, as they say, which is what you say, when there's nothing else to say .... you don't say! |
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Faro for sale at the Weirs
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company with 2 years pay and health insurance. She just got a part time job in retail working 3 days a week 5 hours a day to keep busy. She told them she wasn't going to work weekends or more than 3 days a week. That doesn't stop them from asking but they are so strained for employees right now that she calls the shots. It's a good time to be retired and pick up a part time job. |
Weirs
Don't worry THE DIVE is coming to the Weirs! That will fix everything.
:cheers: |
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Getting decent help is a HUGE issue in the Weirs.... Nobody wants to work, drug problems, etc etc. One local business actually had to put "must shower daily" in their help wanted ad.....
The guys & staff @Faro have been GREAT to me! It would be sad to see them sell, but business is business. Cheers to continued success! Woodsy |
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When I owned my business I used to envy (a little) the sign shop.
Bad times? Sell lots of signs for deals and discounts. Good times? Sell lots of "now hiring" signs. |
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I have stated many times, that the State and the City of Laconia, need to work with the land owners to make it viable to develop some of the large parcels of land, and do it in such a way that will invite other events (craft fairs, boat shows, etc.) into the area.... That area down there could become so much more, and not loose the Weirs image... But all involved need to want it... However if they wait just enough longer, it will become the next Meredith tourist area and will be lost... As high Stakes developers will move in.... |
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Believe it or not... there is not a whole lot more that can be done when it comes to Weirs development without possibly incurring HUGE expense!
I think the biggest stumbling block will be the archaeology of the area.... as we came to see in the failed bid for the Drive-In. All it will take is the discovery of bones or artifacts and the project stops dead. The parcel next to Cumby's could sell to a hotel chain, but archaeology.... not to mention court battles with the Veterans when it comes to runoff, noise, etc etc. Faro property could sell... but developing the field above? archaeology.... So when you couple the high initial purchase price, with the potential to find bones or artifacts, The Weirs quickly becomes a developers nightmare. Surf Coaster could be rezoned and become a residential neighborhood, but the city has clearly indicated they want a hotel there. Woodsy |
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The city can hope for a hotel all they want at the Surf Coaster site but if they are not willing to assist and facilitate the project no one will develop the location. As "LI" has stated you need 3 interested parties (owner, developer and city) working together for a common goal of improve the area and economy of the city but until this happens the area will stay stagnant |
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I agree it’s not a great site but the city is hung up on it unfortunately Sent from my iPhone using Winnipesaukee Forum mobile app |
Maybe a developer could offer to build the veterans a new building at a different location so the area could be developed.
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Bman & BigStan....
Why should the veterans get the short end of the stick? Especially on property that has been theirs since just after the Civil War? Woodsy |
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I don't see those buildings getting a lot of use even in summertime, and right now they are just plain in the way, everything on that side of the street up to the Half Moon is just bad. |
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https://www.lakesregioncasino.com/ |
You know it’s not a real Casino. It is a state gaming center that gives 35% to charity.
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The good folks at MGM or Mohegan Sun might be interested. ;) |
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https://www.bostonherald.com/2019/04...asino-license/ |
Just read that Faro’s is closed.
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Faro for sale at the Weirs
Bad news. I hate to see good local restaurants close for the season especially because of lack of labor.
Note: in case you didn’t read the article they plan to reopen May 2020 hiring foreign workers to staff the Resturant. A sign of the times in our workforce Sent from my iPhone using Winnipesaukee Forum mobile app |
That's really too bad. I liked Faro's but I can understand his frustration. It's better to close it down and still be in the good graces of his customers rather than let the service and food go downhill and pi$$ everyone off.
I hope he reopens in the spring! |
Last May we were having dinner at the bar and remember speaking with the staff about how difficult a time they were having hiring help for the summer. However, he did put the business and building up for sale last month. Any full time staff would have moved on once they announced the listing. Many good opportunities around at other well run establishments to wait it out. Because he is selling not sure why he had to say he looks forward to reopening with foreign up
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I'm not sure where he thinks all these foreign workers are going to come from? Eventually lack of foreign workers and our new protectionist policies are going to drive the cost of everything up. It remains to be seen if wage increases follow suit. |
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Of course Trump raised the number of H-1B & L-1 visas. He needs foreign workers for his hotels and resorts
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Maybe it will be used differently by a different type of buyer. |
Faro is not the only business facing staffing issues. That is always a problem when things are going well with the economy. To top that off, you must look at the fact that many of the people in the category of temporary season help (college students) no longer want to get involved, in waitressing, etc.... and well you have this situation.
Looking at the add I would say that the current owner had some development plans that for zoning reasons may have fallen through. He now wants out..... With the land up for sale, closing this summer, finding help is going to a huge problem.... More land in the wiers sitting idle.... not good..... |
Never got to try the place. Tried once and there was an hour wait with empty tables aplenty...tells the story right there.
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I wonder how many smaller restaurants hire / staff only family members and therefore have no employee issues?
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To be clear .....
From VERY reliable sources - the Sale of the property is in no way connected to the lack of staff issue. The owners of Faro’s have been quietly “peddling” the property for YEARS (on & off). Just never listed it until this Spring. They are two completely separate issues. |
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So they may not be directly related but certainly could be indirectly |
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Disagree
I don't agree with that, but I'm not aware of detailed knowledge on that but I believe Gov Sununu was trying to raise the limit from 33000 to 40000. Maybe not the exact numbers. Local kids want "career related" internships, often at no pay, not practical experience retail/resort jobs. Kids now take loans instead of "working their way" through college. Easy, but bad choice, and their parents let them do it. My kids paid their loans off and they surely won't vote for Pocahontas and loan forgiveness, nor will I.
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So I get it now...it’s ALL Trump’s fault! The Dive parking at the pier = Trump’s fault No wake Zone violators = Trump’s fault Farm Island development = Trump’s fault New 53’ yacht on lake = Trump’s fault People not wearing PFD’s = Trump’s fault Huge floating rafts = Trump’s fault No fried clams at Pop’s = Trump’s fault Entitled punk parking on neighbor’s dock without permission = Trump’s fault Lousy restaurant food = Trump’s fault Fast boats = Trump’s fault Slow wake surfing boats = Trump’s fault Big waves = Trump’s fault Mega mansions on lake = Trump’s fault Drop in loon population = Trump’s fault Rock bass = Trump’s fault E-Coli at Weirs beach = Trump’s fault Long waits for any type of contractor = Trump’s fault Warm beer = Trump’s fault Wow, no wonder the left hates him - can you blame them! :rolleye1: |
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There are also real questions about the decline in tourism, the H1-B visa for educated/tech workers, and the late spring addition of H1-B visas too late for many businesses. A few years ago, the Half Moon pizza shop at the Weirs was run entirely by Russian students--is that the case? (It didn't make their pizza any better or their prices less criminal, by the way). Sent from my SM-G950U using Winnipesaukee Forum mobile app |
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Listen, I'm not being snarky because I enjoy it, but confirmation bias is a real thing that's affecting America (the world?) and Americans' abilities to have real conversation. When someone posts "Pocahontas" or an obviously biased article/source, any real potential in that discussion is immediately destroyed because it's immediately not open-minded. I, too, am at risk for confirmation bias, but I try my absolute best to be aware of it. That being said, the Lakes Region is struggling big time with employment--Red Hill Dari opened late with limited hours, Faro just closed, the AT&T store closed, The Bob House and Canoe almost always have tables they can't sit, etc. etc. We really need to start having serious conversations about solutions. Sent from my SM-G950U using Winnipesaukee Forum mobile app |
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Faro's has sold.
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Still going to be a restaurant?
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Now spill it ….. WHO bought it and give us some of the details of what to expect ……. and most importantly - WHEN will it reopen ! I'm tired of hunting around for a new spot :D |
No facts please
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TiltonBB --- SOOOO What's the story ?
It's been over a month now ……….. any update? Is it truly sold ? Inquiring minds (and hungry stomach's) need to know the details -- Who bought it? What style of food? When will it re-open? and anything else you might have uncovered :laugh: |
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