Quote:
Originally Posted by VitaBene
They got the Woodshed for a great price (somewhere just north of $500K), and from what I understand, insured it to cover that value. Given that the land did not burn down and it is valued around $75K, the owners would likely only have around $400K or so to build a restaurant, fit it out and fill it with food, wine, etc.
I don't see it working math-wise. Anyone that reads these threads knows that I was a very regular customer (and my teenage daughter worked there) at the Woodshed, so I write this with sadness.
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I also expect that it would be a lot more expensive to rebuild due to the need to meet newer building and health regulations. I'm assuming that a restaurant that had been around that long probably had a lot of grandfathered configurations as laws and regulations changed over the years. Building new would require all of these be brought up to date. Most likely a more expensive proposition.