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Old 10-10-2024, 08:37 PM   #1
TheTimeTraveler
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I think the current owners will sell only IF they can get their $3.5 million dollar asking price otherwise I think they will stay put.

Unfortunately all the Pier 19 valuable assets have long since been sold off (i.e. the island docking spaces) and it will be hard to make serious money there in a year 'round environment. I think it's good for four open months each year for some very good income.

The business is extremely labor intensive and I find it is usually poorly staffed (waiting for a clerk to buy gas, prepare food or checking out gets old fast).

My business model? I would install a huge dormered area on the second floor facing the lake and obtain a seasonal pouring liquor license so that one could sit there and admire the lake view while enjoying food and beverages. Plenty of seating upstairs would be a game changer for the business. Maybe an on site restaurant may be something to consider......
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Old 10-10-2024, 08:58 PM   #2
Heaven
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Quote:
Originally Posted by TheTimeTraveler View Post
I think the current owners will sell only IF they can get their $3.5 million dollar asking price otherwise I think they will stay put.

Unfortunately all the Pier 19 valuable assets have long since been sold off (i.e. the island docking spaces) and it will be hard to make serious money there in a year 'round environment. I think it's good for four open months each year for some very good income.

The business is extremely labor intensive and I find it is usually poorly staffed (waiting for a clerk to buy gas, prepare food or checking out gets old fast).

My business model? I would install a huge dormered area on the second floor facing the lake and obtain a seasonal pouring liquor license so that one could sit there and admire the lake view while enjoying food and beverages. Plenty of seating upstairs would be a game changer for the business. Maybe an on site restaurant may be something to consider......
Yippee another place to drink. What is needed is four studio apartments to house the employees that serve the busness.
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Old 10-10-2024, 09:20 PM   #3
SAB1
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That was the plan when she had when she bought the house at end of Union Whaft Rd. Or at least thats was the rumor. Not sure what happened.
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Old 10-10-2024, 10:09 PM   #4
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I'm not sure of the financial position of the association but, i wonder if they would consider buying it. They could demolish the building, and put a storage building for their boats, free up some parking, plant some trees, landscaped up nice it could be a nice spot. They could privatize the gas pumps and they'll own their own fuel source.
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Old 10-10-2024, 11:18 PM   #5
Heaven
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Originally Posted by C-Bass View Post
I'm not sure of the financial position of the association but, i wonder if they would consider buying it. They could demolish the building, and put a storage building for their boats, free up some parking, plant some trees, landscaped up nice it could be a nice spot. They could privatize the gas pumps and they'll own their own fuel source.
Yes, a storage building for boats would really improve the scenic drive for everyone else.
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Old 10-11-2024, 01:42 PM   #6
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Quote:
Originally Posted by C-Bass View Post
I'm not sure of the financial position of the association but, i wonder if they would consider buying it. They could demolish the building, and put a storage building for their boats, free up some parking, plant some trees, landscaped up nice it could be a nice spot. They could privatize the gas pumps and they'll own their own fuel source.

That came up when it was for sale a few years ago. Keep the building as storage & a club house, keep the gas dock and snack bar to generate revenue during the summer. At 900k it was probably doable but not something the association wanted at the time. At 3.5 mil it’s not even worth talking about.


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Old 10-11-2024, 04:54 PM   #7
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Quote:
Originally Posted by The Real BigGuy View Post
That came up when it was for sale a few years ago. Keep the building as storage & a club house, keep the gas dock and snack bar to generate revenue during the summer. At 900k it was probably doable but not something the association wanted at the time. At 3.5 mil it’s not even worth talking about.


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This is an interesting point. Real estate prices in the area have skyrocketed. But is the store worth any more today than it was 5 years ago? Not really
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Old 10-11-2024, 10:38 AM   #8
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Quote:
Originally Posted by SAB1 View Post
That was the plan when she had when she bought the house at end of Union Whaft Rd. Or at least thats was the rumor. Not sure what happened.
I was wondering why she bought that house. Work has slowed to a crawl over there.
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