Beluga Lake Topics: Need suggestions
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Name:   Maverick The author of this post is registered as a member - Email Member
Subject:   Need suggestions
Date:   11/6/2008 12:43:03 PM


Tell the owner of the building GOOD LUCK in renting the building out in these economic times or anytime in the next 3 years or so.

If you are putting up the build out money I would recoup such in FREE rent as the landlord gets 100% of the benefit of the build out.

Since you are renting the building I would suggest - Renewal options, CPI escalation clause on the rent renewal option, then right of first refusal to buy the building if such is placed on the market.

I would also see if you could tie a percentage of the rent into a sale percentage factor. Low sales, lower rent (off months / start-up). Very seasonal business so you have to make your money in basically about a 5 month period.

If you have never been in the restaurant business, from what I hear from friends in the business it is a very demanding hands on business in terms of monitoring your food costs and alcohol costs based on 5 finger discounts and family/friend discounts.

Would assume the primary market are the family boaters so as you said apply the KISS theory and market to families during the day and for dinner.

Would also suggest talking to Don and his Wife as if I am not mistaken at one point and time there was a successful restaurant located there way back when.
Other messages in this thread:View Entire Thread
Need suggestions - old blue chair - 11/6/2008 10:09:45 AM
     Need suggestions - CAT BOAT - 11/6/2008 10:13:01 AM
          Need suggestions - old blue chair - 11/6/2008 10:23:32 AM
               Need suggestions - parker creek nascar - 11/12/2008 11:11:01 PM
                    AnchorBay and Lies YEP - Pontoon - 11/13/2008 4:00:17 PM
          How about... - CAT BOAT - 11/6/2008 6:38:26 PM
               How about... - Maverick - 11/6/2008 6:59:16 PM
                    How about... - CAT BOAT - 11/7/2008 9:46:35 AM
                         How about... - old blue chair - 11/7/2008 9:52:59 AM
                              How about... - CAT BOAT - 11/7/2008 10:12:01 AM
                                   How about... - old blue chair - 11/7/2008 10:16:18 AM
     Need suggestions - Cabo - 11/6/2008 10:42:44 AM
          Need suggestions - Pier Pressure - 11/6/2008 11:16:04 AM
               All good ideas! (NT) - Ulysses E. McGill - 11/6/2008 11:28:57 AM
               Need suggestions - old blue chair - 11/6/2008 11:30:25 AM
               Need suggestions - John C - 11/6/2008 12:00:04 PM
          I agree - Ulysses E. McGill - 11/6/2008 11:26:40 AM
     Need suggestions - Maverick - 11/6/2008 12:43:03 PM
     Need suggestions - longtimer - 11/6/2008 12:45:22 PM
          Need suggestions - Deckboat - 11/6/2008 3:31:58 PM
     I suggest Being "Careful" - Pontoon - 11/6/2008 3:29:22 PM
          I suggest Being "Careful" - CAT BOAT - 11/6/2008 3:34:35 PM
               My $.02 - GoneFishin - 11/6/2008 3:59:32 PM
     Need suggestions - ot - 11/6/2008 4:33:29 PM
     Need suggestions - green,ed - 11/6/2008 4:53:38 PM
     Need suggestions - George - 11/6/2008 5:45:30 PM
          Need suggestions - jethro - 11/6/2008 6:05:14 PM
     Not no, but hell... - Blue Creeker - 11/6/2008 8:49:02 PM
     Need suggestions - mumbles278 - 11/6/2008 9:06:40 PM
          My Experience at Dockside - AnchorbayDon - 11/6/2008 11:33:01 PM
     Need suggestions - cobra - 11/7/2008 7:16:48 AM
     Need suggestions - Pontoonfisher - 11/7/2008 7:24:15 AM
     Need suggestions - Smitty - 11/7/2008 7:57:19 AM
     Need suggestions - MrHodja - 11/7/2008 9:19:40 AM
     Need suggestions - old blue chair - 11/7/2008 9:27:10 AM
          WRONG>>> - CAT BOAT - 11/7/2008 9:50:48 AM
               WRONG>>> - old blue chair - 11/7/2008 9:54:12 AM
                    Both Wrong... - Swimmer27 - 11/7/2008 3:41:18 PM
                    Both WRong - Swimmer27 - 11/7/2008 3:42:43 PM
                         Both WRong - old blue chair - 11/7/2008 3:48:39 PM
     Another Anchor Bay locals .02 - Crimson4Lif - 11/7/2008 3:14:53 PM
          Another Anchor Bay locals .02 - old blue chair - 11/7/2008 3:56:09 PM
          Another Anchor Bay locals .02 - AnchorbayDon - 11/7/2008 5:01:03 PM
               Just a couple of thoughts - Talullahhound - 11/7/2008 6:35:13 PM


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