Sunday, March 14, 2010

CRE Hopium

Craigslist find:

Price: $150,000
This furnished restaurant is ready to go right now with an Outdoor Grill and food service area. Kitchen needs some remodeling work to become fully functional.There are 5,200 Sq. Ft inside and a large outside patio with a fire pit. It overlooks the habor and the boat docks, attacking herds of people to the location. Inside there is a fireplace area to relax in and a beautiful rock waterfall area to sit and enjoy a cocktail and meal.

This restaurant recently closed due to poor management....
... the rent is only $2.24 a Sq. Ft (including the patio Sq. Ft)
Eh. What could go wrong?


Anonymous said...

"attacking herds of people to the location" - I see now why the restaurant failed.

W.C. Varones said...

You could hire this guy to manage it.

H Simpson said...

Much of Dawg's old haunt is under water. Worst crisis in 50 years.

Sort of like California's finances, except once the sun comes out tomorrow, the problem will quickly disappear back East.

MaxedOutMama said...

Attacking your customers in IS a bit of a dicey marketing ploy.

Stagflationary Mark said...

Business must have been SO good that management was forced to fend off customers with a stick!