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Started By
Message
After closure, Bogie's bar files for bankruptcy, owes landlord $90K
Posted on 7/8/19 at 4:22 pm
Posted on 7/8/19 at 4:22 pm
LINK
Unexpected
quote:
Bogie's Bar filed for Chapter 11 bankruptcy after the bar announced it would be closing on Jul 6. The LSU campus-area dive bar was in business for more than two decades. The bar owner, Aaron "Mugsy" Saulnier owed the landlord, Michael Butler, about $92,000 according to bankruptcy filings. The Louisiana Department of Revenue tax bill was more than $56,800, records show.
quote:
Greg Saulnier, of Welsh, Louisiana, was owed $25,000 as an unsecured creditor.
Unexpected
10
Posted on 7/8/19 at 4:23 pm to deathvalleyfreak43
It's definitely coming back as Bawgie's in September
Posted on 7/8/19 at 4:23 pm to deathvalleyfreak43
How the frick could he not pay rent?
Me thinks a ton of money was being hidden from Uncle Sam
Me thinks a ton of money was being hidden from Uncle Sam
Posted on 7/8/19 at 4:25 pm to Cosmo
Agreed. Some real frickery going on for a bar that seems like it never had a down season
Posted on 7/8/19 at 4:25 pm to deathvalleyfreak43
quote:we run this shite
Welsh, Louisiana
(Flashes w gang sign with both hands)
Posted on 7/8/19 at 4:25 pm to Cosmo
quote:
How the frick could he not pay rent?
Spent all his money
quote:
Me thinks a ton of money was being hidden from Uncle Sam
quote:
The Louisiana Department of Revenue tax bill was more than $56,800, records show.
You sure about that?
Posted on 7/8/19 at 4:26 pm to TexasTiger90
I had heard that bogies had fallen out of favor and had been a ghost town lately. Heard this from cousins who are still young and fun
Posted on 7/8/19 at 4:28 pm to Cosmo
quote:
Me thinks a ton of money was being hidden from Uncle Sam
I feel this way about all of the tigerland bars. No way they are accurately reporting all they cash they make on cover charges.
Posted on 7/8/19 at 4:37 pm to Cosmo
quote:
How the frick could he not pay rent?
Me thinks a ton of money was being hidden from Uncle Sam
Absolutely, and spending it on frivolous shite, blow, and his baby mamas.
He didn't even keep enough in his accounts to pay the taxes on what he DID report to the government.
Posted on 7/8/19 at 4:39 pm to deathvalleyfreak43
Talked about this recently
Apparently Fred's is the place to go now and bogies sucked
Apparently Fred's is the place to go now and bogies sucked
Posted on 7/8/19 at 4:42 pm to deathvalleyfreak43
Posted on 7/8/19 at 4:42 pm to Cap Crunch
quote:
I feel this way about all of the tigerland bars. No way they are accurately reporting all they cash they make on cover charges.
The Library in Oxford was named one of Forbes' top 10 grossing college bars in America I believe.
On game weekends they'll have $40-60 cover and it hits capacity by dark. So a 1,000 person place (its huge) is one-in-one-out for 5 hours 3 nights in a row every home game for football season.
All cash at the door too.
I went in the owners office once after closing with a manager and some bartenders I knew and they had $20 bills from the covers from just that night stacked on his desk to be counted and it was RIDICULOUS. 6" tall stacks of $20 bills covering his entire desk and another small table in there. (Obviously the money wasn't flattened/binded so it would compress to smaller size, but still a shite load).
No fricking way he reports even half of that. And that was just 1 night and just the cover/door charges.
CSB, I know.
ETA:
Capacity is ~1,000 I think, not 3,000...3,000 paid cover in one night.
This post was edited on 7/8/19 at 5:20 pm
Posted on 7/8/19 at 4:43 pm to arseinclarse
Bogies performance polo- peak baw
Posted on 7/8/19 at 4:43 pm to Jones
koolaid is just going to reopen.
Posted on 7/8/19 at 4:44 pm to deathvalleyfreak43
He should ask his future in laws to foot the bill.
Posted on 7/8/19 at 4:44 pm to arseinclarse
quote:
Apparently Fred's is the place to go now
Posted on 7/8/19 at 4:44 pm to deathvalleyfreak43
quote:
The Louisiana Department of Revenue tax bill was more than $56,800, records show.
Yet I get a notice saying I owe $500 and all my hunting privileges are suspended until I pay. SMDH
Posted on 7/8/19 at 4:45 pm to TexasTiger90
quote:
Agreed. Some real frickery going on for a bar that seems like it never had a down season
They said he had 500k-1M in assets and around 500k in liabilities.
Idk how you get 6 figures in the hole unless he bought someone out or pulled a bunch of money out of the company
Posted on 7/8/19 at 4:45 pm to PapaPogey
She’s back on Bumble baw.
Posted on 7/8/19 at 4:45 pm to The Pirate King
quote:
Idk how you get 6 figures in the hole unless he bought someone out or pulled a bunch of money out of the company/register
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