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Live Bait Bucktown selling its business on craigslist
Posted on 5/28/13 at 3:54 pm
Posted on 5/28/13 at 3:54 pm
Posted on 5/28/13 at 3:55 pm to CE Tiger
shite that is a steal. think he might be exaggerating his numbers a bit though.
Posted on 5/28/13 at 4:19 pm to Geauxld Finger
that's what I was thinking although I'm sort of tempted to get 5 friends together and invest in it 
Posted on 5/28/13 at 5:46 pm to CE Tiger
That place was pure garbage. They had to have been selling drugs to make it as long as they did
Posted on 5/28/13 at 5:46 pm to CE Tiger
That place was pure garbage. They had to have been selling drugs to make it as long as they did
Posted on 5/28/13 at 7:15 pm to notiger1997
quote:
Popular neighborhood restaurant/bar.
quote:
Revenues over 750k.
Posted on 5/28/13 at 7:17 pm to CE Tiger
quote:
Seems like a steal
77k is more than about 90% of the bars sold in the metro area
Posted on 5/28/13 at 9:23 pm to threeputt
I wonder what kind of debt he is dealing with right now.
Posted on 5/28/13 at 9:45 pm to saderade
Well if he really is not under contract with a poker company, probably not too much. It's pretty hard for bars to get loans sans poker companies
I would just guess probably 15 or 20k in debt. His rent there is probably 4,500 a month another 5 or 6k in expenses plus his debt load and monthly sales about 10 or 12k and poker revenue about 6k.
Pretty much a break even deal at best IMHO
I would just guess probably 15 or 20k in debt. His rent there is probably 4,500 a month another 5 or 6k in expenses plus his debt load and monthly sales about 10 or 12k and poker revenue about 6k.
Pretty much a break even deal at best IMHO
This post was edited on 5/28/13 at 9:46 pm
Posted on 5/28/13 at 9:49 pm to saderade
quote:
I wonder what kind of debt he is dealing with right now.
I'm no expert, but a shite ton
Posted on 10/17/13 at 9:45 am to John McClane
So, a little birdie told me that this location is back up for sale.. The price this go around ????
What for it .....
200k ....
What for it .....
200k ....
Posted on 10/17/13 at 10:38 am to CE Tiger
His P&L numbers have to be gone over by an accountant to see the value of this steal.
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