Comments on: Thousands of restaurants close: Are you ready to sell the inventory?

By: GreenPrudence

GreenPrudence — Tue, 26 Oct 2010 12:54:19 +0000

RT @agentgenius: AgentGenius: Thousands of restaurants close: Are you ready to sell the inventory? Full http://bit.ly/ahtlnh

By: AgentGenius

AgentGenius — Thu, 05 Aug 2010 21:04:15 +0000

#agnow I don't know of any lender who wants to get within reach of a buyer trying to buy a restaurant. This is one ... http://bit.ly/cYHviW

By: Beth Anne Grib

Beth Anne Grib — Thu, 05 Aug 2010 20:09:13 +0000

One of the toughest commodities right now: http://ping.fm/Vnq4T #cre

By: Beth Anne Grib

Beth Anne Grib — Thu, 05 Aug 2010 16:15:27 +0000

I don’t know of any lender who wants to get within reach of a buyer trying to buy a restaurant. This is one of the toughest commodities to sell right now because the lenders know that restaurants are going under and having a tough time of it and they are either not permitted to take that risk due to stringent regulations or just simply refuse to do so. We have contacted almost 200 retailers within the last 6 months for new market areas and they all say …”Call back in 6 months”. Everyone’s waiting for that evading “light at the end of the #CRE tunnel”

By: joshuakeenrsb

joshuakeenrsb — Sun, 01 Aug 2010 02:38:22 +0000

RT @agentgenius: #agnow I miss Pizzaria Uno. http://bit.ly/cYHviW

By: AgentGenius

AgentGenius — Sun, 01 Aug 2010 02:35:20 +0000

#agnow I miss Pizzaria Uno. http://bit.ly/cYHviW

By: mike

mike — Sat, 31 Jul 2010 22:35:19 +0000

I miss Pizzaria Uno.

By: AgentGenius

AgentGenius — Sat, 31 Jul 2010 22:35:09 +0000

RT @douglytle: RT @agentgenius: Thousands of restaurants close: Are you ready to sell the inventory? Full http://bit.ly/96juW6

By: Doug Lytle

Doug Lytle — Sat, 31 Jul 2010 21:13:11 +0000

RT @agentgenius: Thousands of restaurants close: Are you ready to sell the inventory? Full http://bit.ly/96juW6

By: AgentGenius

AgentGenius — Sat, 31 Jul 2010 08:10:19 +0000

#agnow In finances crisis are bars and restaurants the first who close down. Over here in Spain is the situation th... http://bit.ly/cYHviW

By: Property Marbella

Property Marbella — Sat, 31 Jul 2010 04:10:17 +0000

In finances crisis are bars and restaurants the first who close down. Over here in Spain is the situation the same, your local favourite is one day gone and a new one try with a “new” concept and 3-4 months later a new one…

By: AgentGenius

AgentGenius — Sat, 31 Jul 2010 02:02:30 +0000

#agnow That just shows that people WILL go out of their way for wicked good food, or service, or whatever you produ... http://bit.ly/cYHviW

By: Erica Ramus

Erica Ramus — Fri, 30 Jul 2010 22:02:29 +0000

That just shows that people WILL go out of their way for wicked good food, or service, or whatever you produce. If it’s a tough destination, make it worth their while!

By: Erica Ramus

Erica Ramus — Fri, 30 Jul 2010 22:00:57 +0000

Joe–I confirmed it today. Owner #3 has shut down in that location. What a shame.

By: kathy howe

kathy howe — Fri, 30 Jul 2010 18:44:37 +0000

RT @ericaramus: @agentgenius Thousands of restaurants close: Are you ready to sell the inventory? http://bit.ly/bikOYJ

By: BawldGuy

BawldGuy — Fri, 30 Jul 2010 14:03:22 +0000

Erica, I don’t envy you a bit. Been there, done that with residential income property, in previous bad times. What outsiders think is ‘creative’ doesn’t make the ‘A’ list of the real creativity pros like you generate.

We’ve all had those ‘D’oh! Why didn’t I think of that?’ moments when a situation such as yours is suddenly and spectacularly turned around by a new tenant/business. A recent example in my neighborhood was a vacant, failed Taco Bell. It’d been vacant for literally over two years. In my opinion it was the location, as it was in the middle of a street with decent traffic, but if you were on the wrong side, you had to hang a u-turn and come back. So what do ya think has finally replaced Taco Bell and is doing incredibly well?

A taco shop! But a typical San Diego taco shop, which means just about everything they make is wicked good. In other words, the anti-Taco Bell. It’s been almost six months now, and it’s still ‘the’ neighborhood taco shop destination. Who knew?

By: Joe Loomer

Joe Loomer — Fri, 30 Jul 2010 11:20:59 +0000

There is a location in my town that has also had three separate owners in recent years, and just acquired it’s fourth. All restaraunts, all failed. One – The Upper Crust – was a fantastic pizza joint that was consistently the “Choice of the Town” in the local paper. I think it’s a combination of business sense and the things you state. If the traffic count isn’t there, if people can’t even see your store or park easily, you’re toast.

In another area – a national franchise shut down, only to be gobbled up and re-opened as a sports-pub. It is doing extremely well.

Navy Chief, Navy Pride