re: After closure, Bogie's bar files for bankruptcy, owes landlord $90K

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It’s not illegal to pay cash for booze. You are very naive my friend.

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I used to deliver beer to bars and stores and I’d say 90% either paid with cash, but mostly checks. Very few had charge accounts.

Wasn't the owner somehow involved with the Pennington's daughter?

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I have a theory on why Fred’s has always been able to do so well...

I have notice that they do a really good job of hiring popular people to work the doors and be bouncers. These people in turn bring their like minded friends

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Since I spent so much time there, I knew a lot of the guys. I even knew a bunch before they started working there. They weren't exceptionally popular or anything before Fred's. They were mainly just normal guys. Some were even introverted.

Most really liked working there, liked the guys they worked with (always had groups living together), liked the vacations, and were good at making drunk people drinks. Almost all worked their way through college at Fred's

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Not sure what you don’t understand here. Cash never touches the bank. There is no “sale” lol. What else Mr Officer?

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You realize the liquor distributor most likely keeps records rights? A sale takes 2 people, and rarely are they both working under the table now a days.

The best way for bars to hide money from the IRS that I have seen personally is that bars get tons of free promotional booze. Anytime a new booze came out the bar would get a case or 10 of it to try out. Which is pretty frequently. But you also have your mixers and what not, the irs could average out how much say limes you were buying and know you were hustling vodka tonics.

I will say though, bars use cover charges sporadically. It would take some pretty serious analysis to figure out if they were hustling under the table. Late football games for example, the bars were often dead on Saturdays because everyone was tired but slammed on Friday. But a crappy opponent and afternoon game the bars may be slammed all weekend. Sometimes bars wouldn’t charge cover until 10pm and other times it was all day. I doubt they can’t track of when they did it, it was usually just as soon as they got busy.

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Inventory/sales analysis would require a paper trail of a purchase/sale. Not sure what you don’t understand here. Cash never touches the bank. There is no “sale” lol. What else Mr Officer?

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If you have zero records and you get audited, you're getting fricked csn promise you that. Can't show the state or IRS any record? They'll just create an estimate for you and then you get to prove them wrong.

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you understand yet?

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Yes, I understand you are a fricking idiot who has no idea what you are talking about.

They should have pulled back the doors , bust open the books, and made a call for help to Jon Taffer

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dude, seriously, shut the frick up nobody cares

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You cared enough to go out of your way and make a conscious decision to respond you didn't care instead of continue to scroll.

But clearly you don't care.

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You’re outta your mind if you think any bar does $500k a month

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Certainly not regularly, but during an Alabama home football game or a Super Regional series I could see Fred's doing 500k. For the Bama game they open at like 9AM and don't close until 2AM. If they have a thousand people there for every hour they're open (and they have the big tejt outside so I would guess it's atleast close?) they only need an average ticket of about $14 to gross 250k in a day.