Do *not* pay for "blue sky"

Yes... we are absolutely interested in your $50,000 bar for sale with 3 stools and no customers.
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frank lee bent
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Re: Do *not* pay for "blue sky"

Post by frank lee bent » Mon May 21, 2018 12:16 am

changed hands twice since then and appears to be profitable.
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Re: Do *not* pay for "blue sky"

Post by kptic » Mon May 21, 2018 3:01 am

xxxxxxx wrote:
Sun May 20, 2018 11:56 pm
kptic wrote:
Sun May 20, 2018 1:18 am
OP might have a decent point. Look at Garage Bar. While the original owners operated it, the TOF crowd was always in there spending money, making the place seem lively. Once the place got sold, the 440 inner circle who mostly went to hang out with jm and each other, stopped going there quite as much.
I thought the original Garage owner decided to sell because his rent was about to skyrocket and he knew he couldn't carry on at the new rate. As I recall the new owner thought he could make it work despite the ridiculous rent due to his nearby rental river boat business and cross marketing. etc. Not sure how his strategy worked out. I haven't been near there for ages. Did the new guy sell or close the place? I thought he was still holding on.
It's been sold a couple of times since. The current owner is making a decent go of it from what I hear, but I haven't been by in a while.
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John Bingham
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Re: Do *not* pay for "blue sky"

Post by John Bingham » Mon May 21, 2018 3:05 am

It was always profitable if not hugely, the apartments above pay most of the rent anyway.
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frank lee bent
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Re: Do *not* pay for "blue sky"

Post by frank lee bent » Mon May 21, 2018 3:14 am

Larry's provides some stiff competition.
not a huge difference in prices taken by and large.
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Re: Do *not* pay for "blue sky"

Post by dron » Mon May 21, 2018 3:39 am

Landlords don't give a fuck if you can make it or not. They want their rent and that's it. If you fail they keep your deposit, jack up the rent even more, and find another sucker.

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Re: Do *not* pay for "blue sky"

Post by console » Wed Aug 08, 2018 7:22 pm

Great post, thanks kindly, but try explaining this to the business sellers.... I think "blue sky" = "good will" ?
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