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Originally Posted by Channel Pirate
The same gent that owns the Weirs Beach General Store property also owns the old Waldo Pepers/Sushi Mart and trailer park across the street. Local rumor has it he has filed chap 11. Just local rumors though, I will apologize if it is not true.
It is also rumord that the grey building behind the General Store/Condos will be torm down this spring, sad because it was the first place I lived on the lake when I relocated back in the late 80's. Mr.Bertholet use to be my landlord, he has since noved on for certain reasons.
That's all we need is more Condos right? As long as it keeps NH sales tax free whatever.
God bless Sid, he had the right formula to be a long term survivor in this on and off tourist economy.
The Citco will reopen soon, it just cost the owner more to stay open all winter than it cost to close for five mounths out of the season just like every one else that owns a busines in the "As the Weirs Turns" soap opera.
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I know the man that owns the General store and the property that was Boston Seafood and he has no financial difficulties and is doing quite well. He is currently at his winter home in South Florida and comes back to his waterfront home on the lake in April. He also owns a lot of other rental property in several towns near Boston. He was in town for a couple of days two weeks ago to check on the construction progress.
Two different parties who rented the general store over the last 5 years both went out of business at that location too. One of them had over 30 years of retail experience prior to operating the Handy Landing store. Several years ago he also ran the Citgo store too. So the person that thought it was inexperience is not correct either.
Over the last several years, the Citgo and Willows both lost a substantial amount of money each winter. The owners of the Citgo decided it wasn't worth it to stay open to lose money. The owner of Willows decided to give up because it took him most of the summer season to make up for what he had lost during the winter.