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Old 04-15-2019, 06:29 PM   #1
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Default 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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Old 04-15-2019, 07:03 PM   #2
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Where are you getting this notice from?


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Old 04-15-2019, 07:20 PM   #3
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I wonder if this is because Faro Express is doing well?


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Old 04-15-2019, 07:24 PM   #4
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https://www.loopnet.com/Listing/70-E...a-NH/14791957/


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Old 04-15-2019, 07:31 PM   #5
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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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Old 04-15-2019, 07:35 PM   #6
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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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Unfortunately as we have learned the Drive In has serious environmental issues hindering development.


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Old 04-15-2019, 07:39 PM   #7
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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 NHís first Casino


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Old 04-15-2019, 07:57 PM   #8
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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 NHís first Casino


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I agree itís an awesome location with a hotel in the vacant land across the street and deep pockets certainly would be needed. Traffic could become an issue but that is fixable.


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Old 04-15-2019, 08:04 PM   #9
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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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Old 04-15-2019, 09:27 PM   #10
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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.
Just like last season. I hope it’s not a repeat of restaurants not being able to use their full capacity because tables cannot be covered by wait and bus staff.


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Old 04-16-2019, 06:08 AM   #11
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Just like last season. I hope itís not a repeat of restaurants not being able to use their full capacity because tables cannot be covered by wait and bus staff.


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So far I've haven't experienced that at the places I've gone but it may change as the peak season approaches.
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Old 04-16-2019, 06:27 AM   #12
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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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Old 04-16-2019, 08:04 AM   #13
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So far I've haven't experienced that at the places I've gone but it may change as the peak season approaches.


Thatís what concerns me, the peak season. I truly hope that I am wrong and the local restaurants can hire a full staff to accommodate patrons.


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Old 04-16-2019, 08:05 AM   #14
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Originally Posted by fatlazyless View Post
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!
They are a little more expensive than your usual hang out, McDonalds.
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Old 04-16-2019, 08:08 AM   #15
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Quote:
Originally Posted by fatlazyless View Post
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!
Please explain how bike week negatively impacts the Weirs or redevelopment of it? It occurs before peak season. Biketember fest was a huge economic booster last year as well.
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Old 04-16-2019, 08:13 AM   #16
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Default Faro for sale at the Weirs

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Please explain how bike week negatively impacts the Weirs or redevelopment of it? It occurs before peak season. Biketember fest was a huge economic booster last year as well.
I think his point is that land remains stagnant and undeveloped in the area because the owners are happy with just the income generated by bike week. I am certainly not against bike week but I would also like to see the Weir’s turnaround and be redeveloped for more of a 365 day a year benefit not just 2 weeks in June and a week in September


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Old 04-16-2019, 08:19 AM   #17
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Thatís what concerns me, the peak season. I truly hope that I am wrong and the local restaurants can hire a full staff to accommodate patrons.


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The more expensive places will get all the good help. They tend to make more money in tips because the tabs are higher. The smaller mom and pop places will have a had time finding quality help. I'm sure price increases will follow.
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Old 04-16-2019, 08:21 AM   #18
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The more expensive places will get all the good help. They tend to make more money in tips because the tabs are higher. The smaller mom and pop places will have a had time finding quality help. I'm sure price increases will follow.
Last year twice while eating at Canoe they were not using all their tables because of low wait and bus staff.
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Old 04-16-2019, 08:44 AM   #19
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Last year twice while eating at Canoe they were not using all their tables because of low wait and bus staff.
Employees have the upper hand for a change. My wife took a retirement buy out from her
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.

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Old 04-16-2019, 10:45 AM   #20
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Default Weirs

Don't worry THE DIVE is coming to the Weirs! That will fix everything.

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Old 04-16-2019, 11:30 AM   #21
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Unfortunately as we have learned the Drive In has serious environmental issues hindering development.


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What were those? I was wondering why the sale fell through.
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Old 04-16-2019, 11:42 AM   #22
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What were those? I was wondering why the sale fell through.


Mostly historical Indian artifacts the would have to be excavated in additional to oil/fuel in the soil


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Old 04-16-2019, 11:52 AM   #23
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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!

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Old 04-16-2019, 12:20 PM   #24
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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!

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I remember 20 years ago when we had a help shortage, we use to joke about the "mirror test". If you put a mirror at their mouth and it fogs up they're good to go!
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Old 04-16-2019, 09:41 PM   #25
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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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Old 04-17-2019, 08:45 AM   #26
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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.
It's a tough business, overheard to start is pretty minimal, lots of DIYers without the overhead of a storefront, and unit price is pretty cheap for the time invested. I often wonder how the sign shops manage to stay in business, I think it often comes down to a few marquee accounts that cover the baseline.
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Old 04-17-2019, 09:04 AM   #27
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I think his point is that land remains stagnant and undeveloped in the area because the owners are happy with just the income generated by bike week. I am certainly not against bike week but I would also like to see the Weirís turnaround and be redeveloped for more of a 365 day a year benefit not just 2 weeks in June and a week in September


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So this is indeed one of the issue. Land owners create significant amounts of money with just bike week, because of it popularity. Why would you want to invest more money, if your making a profit that your happy with by sitting on undeveloped land.....

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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Old 04-17-2019, 10:15 AM   #28
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So this is indeed one of the issue. Land owners create significant amounts of money with just bike week, because of it popularity. Why would you want to invest more money, if your making a profit that your happy with by sitting on undeveloped land.....

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....
I don't think they will ever become the next Meredith if that's what you are worried about. Their taxes is too high to encourage development and they discourage change.
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Old 04-17-2019, 10:54 AM   #29
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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.

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Old 04-17-2019, 11:07 AM   #30
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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
I knew the archaeological issues with the Drive In but did not know the parcel next to Cumby had the same issues. As far as run off and noise those issues can be easily resolved

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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Old 04-17-2019, 11:35 AM   #31
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I knew the archaeological issues with the Drive In but did not know the parcel next to Cumby had the same issues. As far as run off and noise those issues can be easily resolved

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
The Surf Coaster site is not an great site for a hotel developer, no view of the lake. On the other hand the property next to Cumby has a nice view and would be an ideal hotel site if city could get their act together.
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Old 04-17-2019, 11:56 AM   #32
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The Surf Coaster site is not an great site for a hotel developer, no view of the lake. On the other hand the property next to Cumby has a nice view and would be an ideal hotel site if city could get their act together.


I agree itís not a great site but the city is hung up on it unfortunately


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Old 04-17-2019, 01:32 PM   #33
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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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Old 04-17-2019, 01:51 PM   #34
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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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Build new veteran building/compound at the old Surf Coaster site, raze everything from the old waterslide to the corner at Tower Hill and start fresh? That's a great first step I would say.
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Old 04-17-2019, 02:31 PM   #35
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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?


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Old 04-17-2019, 03:15 PM   #36
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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
I would call building something new that isn't just a row of run-down eyesores an upgrade - I think anyone would be happy to have an up to date building / facility. That's hardly the short end of the stick.

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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Old 04-18-2019, 06:01 PM   #37
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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 NHís first Casino


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NH's first Casino?

https://www.lakesregioncasino.com/
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Old 04-18-2019, 06:22 PM   #38
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You know itís not a real Casino. It is a state gaming center that gives 35% to charity.


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Old 04-18-2019, 06:27 PM   #39
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You know itís not a real Casino. It is a state gaming center that gives 35% to charity.
What about putting a REAL casino in at the Surf Coaster site, and adjoining land if it can be made available?

The good folks at MGM or Mohegan Sun might be interested.
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Old 04-19-2019, 05:00 PM   #40
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What about putting a REAL casino in at the Surf Coaster site, and adjoining land if it can be made available?

The good folks at MGM or Mohegan Sun might be interested.
Just those "good folks?" What about other not so good folks? You don't want to extend the invitation to Steve Wynn and Wynn Resorts?

https://www.bostonherald.com/2019/04...asino-license/
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