Quote:
Originally Posted by Billy Bob
Perhaps you missed something because everything is going to change.
In a previous message the owner announced the place is for sale.
He has also stated he is unable to find the help needed to continue the hours needed for dinner. What’s that do to the cash flow.
Also previously stated his past success was helped by his lack of debt. The new owner will have debt from the purchase . What’s that do to ROI
Also stated a potential inability to increase prices as that would have a negative impact on his gross. New owner see that comment and buys this ?
New issue , cost of food has in many cases doubled , can’t afford to hire and costs have doubled and can’t increase prices.
This might have been a VERY successful business in the past but it seems right now this is a business that needs a total overhaul and new business plan
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In another thread, you'll learn that people trying to compete in the Lakes Region are competing with folks who paid cash for the business and run it as a hobby. You're not in the old times now.