Quote:
Originally Posted by VitaBene
If it is such an awesome spot, why don't you go for it? Waldo and Pepper worked their tails off and marketed WP relentlessly here as well as other places to gain traction. Those same owners got out of the business because they were not making enough money to make a living and have benefits (hence the move to Lowes before retirement IIRC).
I know the difference between you and I- I would not have purchased that piece of real estate. When was the last time you collected rent from it?
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Actually, I got a check in the mail today for the RV Park on "that piece of property" It does quite well and has always had 100% occupancy. Also, I have had the restaurant leased for the last 15 months to a tenant has done substantial interior renovations and (for his own reasons) has chosen not to open yet. Bike Week that property has paid parking and also vendors that pay for sites.
I will not get into a long discussion of facts with you other than to tell you that you are again wrong. Your thougts as to what happened and why Waldo Pepper's left are wrong as well as your opinion of the profitability of the business and that property when they occupied it. You should really quit speculating, you haven't been right yet!
As to your question of why I don't run the restaurant: Since 1978 I have been in the real estate investment business, not the restaurant business. I also own the building across the street, as well as the docks on the Channel, and have multiple rental properties in Gilford as well as in Massachusetts. I am comfortable with what I know and have no interest in being in the restaurant business.
Thanks for the helpful suggestion, and have a nice day
