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re: Wait, WHAT?...The Chimes Coming To Lafayette?

Posted on 2/12/20 at 7:34 pm to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/12/20 at 7:34 pm to
That piece of property can not be cheap.
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120410 posts
Posted on 2/12/20 at 7:38 pm to
So much wasted empty space in that part of town

And traffic sucks arse
Posted by Got Blaze
Youngsville
Member since Dec 2013
8775 posts
Posted on 2/12/20 at 8:35 pm to
quote:

That piece of property can not be cheap.

Pretty sure Scout owns the land and will develop it for commercial use. Chimes will sign a long term lease of 5-10+ yrs with monthly notes close to $35,000 per. That doesn’t include the building costs. If Chimes defaults on the lease agreement or doesn’t succeed Scout still owns the property and land.

My friend who brought Mellow Mushroom to Laffy lost his azz on that deal. They showed a profit for the first 4 months and everything thereafter was in the red. He was fortunate and got out of the lease agreement to the Judice family when Drago’s bought the building and took over the lease.
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