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re: Every wonder how some restaurants stay in business. Maple cafe in West End...
Posted on 7/2/15 at 12:46 pm to Geauxld Finger
Posted on 7/2/15 at 12:46 pm to Geauxld Finger
restaurants that own the property where they reside have a completely different cash flow situation than if they rent. Really true of any business. But especially restaurants.
1
Posted on 7/2/15 at 1:00 pm to Hawkeye95
I don't know if this is true with restaurants but with most businesses the owner will buy the property/building under his name or a different company and pay rent to himself. That way when he sells the business it still provides him some cash flow.
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