Sawyer's in 2007

Tank151 · 01-29-2007, 05:43 PM

I ask this question every year...does anyone know if Sawyer's is going to open in 2007? Sure hope so?

Tank
Dunstable, MA

Island Life · 01-30-2007, 10:25 PM

Hmmm... I, too, am waiting for a reply to this question. Anyone?

tricia1218 · 01-31-2007, 10:04 AM

I wait for a reply to this question every year

joann721 · 01-31-2007, 10:15 AM

Strange that the subject of Sawyers come up on the Forum... Sunday in the Boston Globe we saw that the property is available for sale as a business opportunity. So the rumors that Patrick purchased it apparently are not true and the business is still available for sale..

shamrock · 02-01-2007, 09:45 AM

A friend of mine works for Irving Oil told me that they purchased it last year it is going to be a gas station and store, Sawyers agreed to one more year[2006] for whatever reason
shamrock

Island Life · 02-01-2007, 09:58 AM

Quote:

Originally Posted by shamrock

A friend of mine works for Irving Oil told me that they purchased it last year it is going to be a gas station and store, Sawyers agreed to one more year[2006] for whatever reason
shamrock

Probably not true since the For Sale sign has been out there all year and, I believe, is still there. I heard last summer that the Irving deal fell through for a few different reasons, one of which had to do with the water table (or something like that) being such that a gas station would be inappropriate for that location.

nerual721 · 02-01-2007, 11:22 AM

You are correct about the Irving Deal - the senior Mr. & (the late) Mrs. Sawyer often came for lunch in the off season to the Lyons' Den - I am the owner and often lunch waitress - Mr. Sawyer told me that the town of Gilford did not approve the Irving plan so the deal fell through - I expect they will open again around Memorial Day - unless someone comes up with the $1.7M between now and then.

SIKSUKR · 02-02-2007, 10:34 AM

Quote:

Originally Posted by nerual721

- I am the owner and often lunch waitress - - unless someone comes up with the $1.7M between now and then.

I can see the new name: Sawyers Den
Great job at the Lyons Den!

Weirs guy · 02-03-2007, 09:45 AM

Quote:

Originally Posted by Island Life

Probably not true since the For Sale sign has been out there all year and, I believe, is still there.

The for sale sign is still out front.

jrc · 03-17-2007, 09:54 PM

In another thread, someone mentioned condos replacing Sawyer's. Anyone have reliable info?

mcdude · 03-18-2007, 09:34 AM

....asking $1,399,000

REAL ESTATE AD

Quote:

A LAKES REGION ICON, SAWYER S DAIRY BAR HAS FULFILLED THE CRAVINGS OF VACATIONERS AND RESIDENTS FOR A HALF CENTURY. FAMOUS FOR HOMEMADE ICE CREAM AND DELICIOUS SEAFOOD, THIS VERY PROFITABLE SEASONAL LANDMARK IS FOR SALE AS A TURNKEY INVESTMENT

EricP · 03-18-2007, 09:49 AM

Maybe the new owners will setup CC processing. I am amazed in this day and age there are still businesses that are cash only. Usually that means they are cooking the books.

upthesaukee · 03-18-2007, 02:06 PM

Quote:

Originally Posted by EricP

Maybe the new owners will setup CC processing. I am amazed in this day and age there are still businesses that are cash only. Usually that means they are cooking the books.

Actually, what it means is that they are not willing to part with 1.5% or more of their credit card business, which for a seasonal business can be substantial. If the business grosses $15000 per week in credit card sales, it would cost them $225. In that business, if they are open for 12 weeks, that's $2700. They also have the cost of the c.c. machine, telephone line, extra time to process the transaction, etc.,...weighed against the fact that people have been going to their establishment for many years, they know it is a cash only business, if they don't have to spend nearly $3K to keep their clients happy, they won't. Not about cooking the books!!!!

EricP · 03-18-2007, 02:17 PM

Quote:

Originally Posted by upthesaukee

Actually, what it means is that they are not willing to part with 1.5% or more of their credit card business, which for a seasonal business can be substantial. If the business grosses $15000 per week in credit card sales, it would cost them $225. In that business, if they are open for 12 weeks, that's $2700. They also have the cost of the c.c. machine, telephone line, extra time to process the transaction, etc.,...weighed against the fact that people have been going to their establishment for many years, they know it is a cash only business, if they don't have to spend nearly $3K to keep their clients happy, they won't. Not about cooking the books!!!!

It's all tax deductible, I personally call it arrogance. I realize that may seem harsh, but it's my opinion and I am entitled to that. $3k isn't a lot of money in the overall picture of doing business, especially when it is part of the costs anyway and therefore reduces tax liability. It all works out.

Island Life · 03-18-2007, 04:16 PM

Quote:

Originally Posted by EricP

Usually that means they are cooking the books.

No, not in my experience. I'd be surprised to hear this family was doing something as nefarious as that.

secondcurve · 03-18-2007, 05:27 PM

Upthesaukee:

You are correct about credit card fees. That being said, I bet there isn't a cash only business in NH that reports all of its income. Unfortunately, that is the problem with our tax system. Folks who get paid in cash rarely report everything. That is a fact.

GWC... · 03-18-2007, 06:02 PM

Quote:

Originally Posted by EricP

Maybe the new owners will setup CC processing. I am amazed in this day and age there are still businesses that are cash only. Usually that means they are cooking the books.

Sawyers uses a CC - the Universal CC - cash.

Perhaps you are a little short in that department and hence the inference.

Also, CC default is at record levels.

Cash has yet to default.

SAMIAM · 03-19-2007, 07:19 AM

I have to take issue with you on the "cash only" policy.If you had ever been audited by NH Dept of Revenue,you'd know that cooking the books is not a smart idea.If you are not using a P.O.S. system ,you must prove your sales with numerical guest checks....and they BETTER match the daily sales.Also,revenue agents know within a point or two what the food cost should be depending on the type of restaurant that you are.Mostly,people are only trying to save the 3 to 5 % that goes to the credit card companies....as much as 75K annually,and that ain't chump change.

fatlazyless · 03-19-2007, 10:35 AM

No doubt the state auditors have lots of experience and run a tight New Hampshire ship. That reminds me of a five year old story about a well known Massachusetts restauranter who had a brand new BMW suv with the Mass vanity plate, CASHLY. Talk about flaunting it, and isn't it amazing that he would not care about attracting unwanted revenuer attention. Nice set of wheels even if it's not too good on gas.

Resident 2B · 03-19-2007, 10:55 AM

FLL,

If the plate was CashOnly it could not have been a Mass plate. Mass only allows six characters in their plates.

R2B

secondcurve · 03-19-2007, 06:46 PM

Fatlazyless:

Thanks for underscoring my point. Sam, you certainly may correct in some instances, but I still think a lot of people running cash only businesses are doing so to avoid some level of taxation.

SAMIAM · 03-19-2007, 07:15 PM

You may be right ,Secondcurve,but most people that I know who are in business are afraid to grab 5 bucks out of petty cash without a receipt.
Reason being ........rooms and meals is collected FOR the state of NH and does not belong to the restaurant operator.Therefore,failing to report sales can land you in the barbed wire hotel.It's a different story if you can't pay taxes due to some onforseen problem.As long as you have reported accurately,it is not a crime but you will be charged interest and penalties....pretty much the same as the IRS.....(gulp)

01-29-2007, 05:43 PM	#1
Tank151 Senior Member Join Date: Mar 2006 Location: Boston, MA & Laconia, NH Posts: 150 Thanks: 16 Thanked 11 Times in 10 Posts	Sawyer's in 2007 I ask this question every year...does anyone know if Sawyer's is going to open in 2007? Sure hope so? Tank Dunstable, MA

01-30-2007, 10:25 PM	#2
Island Life Senior Member Join Date: May 2006 Posts: 273 Thanks: 12 Thanked 6 Times in 2 Posts	Anyone? Hmmm... I, too, am waiting for a reply to this question. Anyone? __________________ Island Life the way my grandparents' grandparents enjoyed it - but with a faster boat!!!

01-31-2007, 10:15 AM	#4
joann721 Senior Member Join Date: Feb 2006 Location: Salem, MA & Meredith, NH Posts: 116 Thanks: 3 Thanked 24 Times in 7 Posts	sawyers Strange that the subject of Sawyers come up on the Forum... Sunday in the Boston Globe we saw that the property is available for sale as a business opportunity. So the rumors that Patrick purchased it apparently are not true and the business is still available for sale.. __________________ JoAnn Frustration is trying to find my glasses without my glasses.

02-01-2007, 09:45 AM	#5
shamrock Senior Member Join Date: Jul 2004 Location: alton Posts: 177 Thanks: 0 Thanked 0 Times in 0 Posts	Sawyers A friend of mine works for Irving Oil told me that they purchased it last year it is going to be a gas station and store, Sawyers agreed to one more year[2006] for whatever reason shamrock __________________ A Good Snapshot Stops A Moment From Getting Away!

02-01-2007, 11:22 AM	#7
nerual721 Member Join Date: Aug 2006 Location: Under the restaurant Posts: 23 Thanks: 1 Thanked 34 Times in 5 Posts	Irving Deal You are correct about the Irving Deal - the senior Mr. & (the late) Mrs. Sawyer often came for lunch in the off season to the Lyons' Den - I am the owner and often lunch waitress - Mr. Sawyer told me that the town of Gilford did not approve the Irving plan so the deal fell through - I expect they will open again around Memorial Day - unless someone comes up with the $1.7M between now and then.

01-31-2007, 10:04 AM	#3
tricia1218 Senior Member Join Date: Aug 2002 Location: MA/Paugus Bay Posts: 155 Thanks: 31 Thanked 4 Times in 3 Posts	I wait for a reply to this question every year

03-17-2007, 09:54 PM	#10
jrc Senior Member Join Date: Apr 2004 Location: NH Posts: 2,689 Thanks: 33 Thanked 439 Times in 249 Posts	True or False In another thread, someone mentioned condos replacing Sawyer's. Anyone have reliable info?

03-18-2007, 09:49 AM	#12
EricP Senior Member Join Date: Mar 2007 Posts: 329 Thanks: 28 Thanked 11 Times in 7 Posts	Maybe the new owners will setup CC processing. I am amazed in this day and age there are still businesses that are cash only. Usually that means they are cooking the books.

03-18-2007, 05:27 PM	#16
secondcurve Senior Member Join Date: Jan 2005 Posts: 2,116 Thanks: 1,321 Thanked 559 Times in 288 Posts	Upthesaukee: You are correct about credit card fees. That being said, I bet there isn't a cash only business in NH that reports all of its income. Unfortunately, that is the problem with our tax system. Folks who get paid in cash rarely report everything. That is a fact.

03-19-2007, 07:19 AM	#18
SAMIAM Senior Member Join Date: Apr 2004 Location: Moultonborough Posts: 2,891 Thanks: 334 Thanked 1,673 Times in 584 Posts	I have to take issue with you on the "cash only" policy.If you had ever been audited by NH Dept of Revenue,you'd know that cooking the books is not a smart idea.If you are not using a P.O.S. system ,you must prove your sales with numerical guest checks....and they BETTER match the daily sales.Also,revenue agents know within a point or two what the food cost should be depending on the type of restaurant that you are.Mostly,people are only trying to save the 3 to 5 % that goes to the credit card companies....as much as 75K annually,and that ain't chump change.

03-19-2007, 10:35 AM	#19
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,724 Blog Entries: 1 Thanks: 300 Thanked 1,000 Times in 729 Posts	CASHONLY reduced to CASHLY so it fits, thanks No doubt the state auditors have lots of experience and run a tight New Hampshire ship. That reminds me of a five year old story about a well known Massachusetts restauranter who had a brand new BMW suv with the Mass vanity plate, CASHLY. Talk about flaunting it, and isn't it amazing that he would not care about attracting unwanted revenuer attention. Nice set of wheels even if it's not too good on gas. Last edited by fatlazyless; 03-19-2007 at 09:57 PM.

03-19-2007, 10:55 AM	#20
Resident 2B Senior Member Join Date: Apr 2004 Location: North Shore, MA Posts: 1,357 Thanks: 993 Thanked 313 Times in 163 Posts	Not a Mas Plate FLL, If the plate was CashOnly it could not have been a Mass plate. Mass only allows six characters in their plates. R2B

03-19-2007, 06:46 PM	#21
secondcurve Senior Member Join Date: Jan 2005 Posts: 2,116 Thanks: 1,321 Thanked 559 Times in 288 Posts	Fatlazyless: Thanks for underscoring my point. Sam, you certainly may correct in some instances, but I still think a lot of people running cash only businesses are doing so to avoid some level of taxation.

03-19-2007, 07:15 PM	#22
SAMIAM Senior Member Join Date: Apr 2004 Location: Moultonborough Posts: 2,891 Thanks: 334 Thanked 1,673 Times in 584 Posts	You may be right ,Secondcurve,but most people that I know who are in business are afraid to grab 5 bucks out of petty cash without a receipt. Reason being ........rooms and meals is collected FOR the state of NH and does not belong to the restaurant operator.Therefore,failing to report sales can land you in the barbed wire hotel.It's a different story if you can't pay taxes due to some onforseen problem.As long as you have reported accurately,it is not a crime but you will be charged interest and penalties....pretty much the same as the IRS.....(gulp)