Faro for sale at the Weirs

joey2665 · 08-02-2019, 08:42 AM

Quote:

Originally Posted by WinnisquamZ

Last May we were having dinner at the bar and remember speaking with the staff about how difficult a time they were having hiring help for the summer. However, he did put the business and building up for sale last month. Any full time staff would have moved on once they announced the listing. Many good opportunities around at other well run establishments to wait it out. Because he is selling not sure why he had to say he looks forward to reopening with foreign up

Sent from my iPhone using Winnipesaukee Forum mobile app

If they are in fact still selling (the LoopNet ad is still active) closing and public knowledge of a lacking workforce in the area will certainly not help the sale price.

8gv · 08-02-2019, 11:21 AM

Quote:

Originally Posted by joey2665

If they are in fact still selling (the LoopNet ad is still active) closing and public knowledge of a lacking workforce in the area will certainly not help the sale price.

That is true for the potential buyer who wishes to operate the property as a restaurant.

Maybe it will be used differently by a different type of buyer.

LIforrelaxin · 08-02-2019, 11:31 AM

Faro is not the only business facing staffing issues. That is always a problem when things are going well with the economy. To top that off, you must look at the fact that many of the people in the category of temporary season help (college students) no longer want to get involved, in waitressing, etc.... and well you have this situation.

Looking at the add I would say that the current owner had some development plans that for zoning reasons may have fallen through. He now wants out.....

With the land up for sale, closing this summer, finding help is going to a huge problem.... More land in the wiers sitting idle.... not good.....

Hillcountry · 08-02-2019, 12:22 PM

Never got to try the place. Tried once and there was an hour wait with empty tables aplenty...tells the story right there.

Mr. V · 08-02-2019, 03:21 PM

I wonder how many smaller restaurants hire / staff only family members and therefore have no employee issues?

Phantom · 08-02-2019, 03:39 PM

To be clear .....

From VERY reliable sources - the Sale of the property is in no way connected to the lack of staff issue.

The owners of Faro’s have been quietly “peddling” the property for YEARS (on & off). Just never listed it until this Spring.

They are two completely separate issues.

joey2665 · 08-02-2019, 03:46 PM

Quote:

Originally Posted by Phantom

To be clear .....

From VERY reliable sources - the Sale of the property is in no way connected to the lack of staff issue.

The owners of Faro’s have been quietly “peddling” the property for YEARS (on & off). Just never listed it until this Spring.

They are two completely separate issues.

I have no inside knowledge but if I were looking for a job and found out that the business was listed for sale I would think twice before accepting a position especially as we know there are plenty of food service jobs available this season throughout the region.

So they may not be directly related but certainly could be indirectly

08-02-2019, 11:31 AM	#3
LIforrelaxin Senior Member Join Date: May 2006 Location: Texas, Lake Ray Hubbard and NH, Long Island Winnipesaukee Posts: 2,871 Thanks: 1,037 Thanked 892 Times in 524 Posts	Faro is not the only business facing staffing issues. That is always a problem when things are going well with the economy. To top that off, you must look at the fact that many of the people in the category of temporary season help (college students) no longer want to get involved, in waitressing, etc.... and well you have this situation. Looking at the add I would say that the current owner had some development plans that for zoning reasons may have fallen through. He now wants out..... With the land up for sale, closing this summer, finding help is going to a huge problem.... More land in the wiers sitting idle.... not good..... __________________ Life is about how much time you can spend relaxing... I do it on an island that isn't really an island.....

08-02-2019, 03:21 PM	#5
Mr. V Senior Member Join Date: Jun 2004 Location: the left coast (Portland)and West Alton Posts: 1,388 Thanks: 63 Thanked 253 Times in 172 Posts	I wonder how many smaller restaurants hire / staff only family members and therefore have no employee issues? __________________ basking in the benign indifference of the universe

08-02-2019, 03:39 PM	#6
Phantom Senior Member Join Date: Jul 2005 Location: Berlin, Ma / Gilford Posts: 1,934 Thanks: 450 Thanked 605 Times in 341 Posts	To be clear ..... From VERY reliable sources - the Sale of the property is in no way connected to the lack of staff issue. The owners of Faro’s have been quietly “peddling” the property for YEARS (on & off). Just never listed it until this Spring. They are two completely separate issues. __________________ *A bad day on the Big Lake (although I've never had one) - Still beats a day at the office!!*

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode

The Following User Says Thank You to joey2665 For This Useful Post:
AKADQ (08-05-2019)

08-02-2019, 12:22 PM	#4
Hillcountry Senior Member Join Date: Apr 2016 Location: In the hills Posts: 2,420 Thanks: 1,677 Thanked 786 Times in 466 Posts	Never got to try the place. Tried once and there was an hour wait with empty tables aplenty...tells the story right there.