Quote:
Originally Posted by Billy Bob
What a building it was . It was loaded with charm that came from being an original barn structure that cant be duplicated.
To rebuild requires the building be brought up to current code , that's all the ADA act issues and general construction codes . That can't and should not be waved. And with those codes comes a loss of the original ambiance.
The other serious issue is the current owners picked this up at a foreclosure auction for a price that seemed to be well below market price. That's also what helped make it work financially. Rebuilding will be at full replacement costs that will make margins tight . I would call it a game on this one and move on to the next deal .
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BB, I think you will be proven right on this one. I think the price was just north of 500K (519 IIRC). It is too bad because we went there weekly or so and it was good and so convenient.
Personally, I would not care if they threw up a Morton building and served good food, good wine and have good wine glasses!