A local bar which had seemed to be doing relatively well, closed down for non-payment of rent:
Note that the landlord seems to have been forced to economize on letters.
Copyright © 2009 by The Atlantic Monthly Group. All rights reserved.
Copyright © 2009 by The Atlantic Monthly Group. All rights reserved.
Saloons which appear to being doing relatively well close with some frequency, even in good times. There are few businesses in which lax management leads to employee theft, giving away the product recklessly, or other forms of behavior leading to profits disappearing, or never appearing to begin with, more than the business of pouring liqour into the wee hours of the morning. Who da' thunk it!?
Ah, and let's not forget the old chestnut of the industry; one partner stealing the other partners blind....
Inflation-resistant alcohol sales is what keeps the economy moving. In good times, folks drink fancy, in bad times, folks drink fast.
Asymmetrical thought would have to consider the above comments as well as gambling, graft, side deals, collaterals buy-ins and just stupid overspending on status.
Or, he just didn't have the connections and clout to keep the liquor license that someone else wanted.
Ditto lots of restaurants around the Dallas area, and apparently all of Bennigan's and "Steak and Ale".
I understand the rising price of their food supplies, but I would think they would just raise their prices. These places don't seem to be low on customers...
Joan,
Great pseudonym!
As for the missing letters, he/she is probably a product of the public ucation system.
Anyone know anything about running a bar here? What's a typical profit margin for a neighborhood bar, anyway? I'd guess 10%, but I dunno.
Aren't bars supposed to do better during recessions? Oh, wait, we're not in a recession are we?
You're mocking someone else's typos?
Amazing.
Nutsy: That's okay; we both economize on the spacebar.
Bar and restaurant industries are the most volatile in the business. High employee turnover, a high ratio of overhead expenses to capital assets, daily fluctuations in the quantity of clientelle, easy theft by employees, and the ever present possibility for mismanagement to severely sabotage all of the above in less than a week -- these all add up.
Klug -10% - those bastards - they're worse than the oil companies - better hit them with a windfall tax, stat!
The bar's fate may also be an illustration of a basic business fact that's often poorly understood: neither revenues nor profits are the same as cash. Maybe the place just ran out of liquidity.
(And, thanks to the credit crunch driven by typical right-wing greed and / or malfeasance, all the external sources of liquidity dried up - but I guess the owner missed that lesson in public school, too.) :-)
Cheers,
LOL...it's only a case of the proverbial maximum characters allowed...character frugality!
Thanks for the humor...in the face of everything else...we need that...like every day!!
The landlord apparently couldn't afford any punctuation, which is obviously a luxury item.
I don't think it's missing a letter. I think they are referring to pool players who use cue sticks.