- Joined
- Apr 6, 2014
- Messages
- 505
Rep Bank
$1,190
$1,190
User Power: 98%
http://notable.ca/a-toronto-restaurant-owner-is-selling-her-gastropub-for-150-seriously/
http://www.winarestaurant.com/
This is hilarious. This lady wants to auction away her bar at $150 per ticket - 4000 tickets total.
= $600,000 valuation.
My friends want to buy a ticket....... LOL
So she has had her assets appraised the estimated value is $144,000.... No financial statements to speak of. The rules are severely skewed in her favor.... she doesn't own the building.. all you win are the business assets and the name... You HAVE TO Negotiate a lease with the landlord before you can claim the prize...
LOL yep, because if you bought a ticket and won, you would think rationally when singing a lease to get hold of your winnings..
For those of you that dont know this restaurant is in Toronto, on Danforth Ave. This street has moderate traffic but the area has been slowing down. Rents are extremely high, a bar of her size would probably pay rents in the $8,000 to $12,000 per month.
It's not a very popular bar - I've never heard of it.
But anyway, I believe that the raffle won't take place because she wont sell enough tickets to meet her "minimum" quota that shes' dreamed up her business is worth.
http://www.winarestaurant.com/
This is hilarious. This lady wants to auction away her bar at $150 per ticket - 4000 tickets total.
= $600,000 valuation.
My friends want to buy a ticket....... LOL
So she has had her assets appraised the estimated value is $144,000.... No financial statements to speak of. The rules are severely skewed in her favor.... she doesn't own the building.. all you win are the business assets and the name... You HAVE TO Negotiate a lease with the landlord before you can claim the prize...
LOL yep, because if you bought a ticket and won, you would think rationally when singing a lease to get hold of your winnings..
For those of you that dont know this restaurant is in Toronto, on Danforth Ave. This street has moderate traffic but the area has been slowing down. Rents are extremely high, a bar of her size would probably pay rents in the $8,000 to $12,000 per month.
It's not a very popular bar - I've never heard of it.
But anyway, I believe that the raffle won't take place because she wont sell enough tickets to meet her "minimum" quota that shes' dreamed up her business is worth.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
