Anyone here own a Cigar bar ever?

[chippewastud79]

Originally Posted by smitty81

First off, it's a really nice place in a really nice location. It's right uptown by everything else.

2nd, it already has a bar.

3rd, it's a good size place with lots of seating and enough room to have a band.

4th, it has a perfect place to build a walk in humidor.

It wouldn't take much to strip the kitchen and sell the stuff for a profit really.

Just the reasons I have targeted this place.

If it is a really nice place in a really nice location and is always dead, I would consider that a huge red flag.

Making a profit on the equipment isn't realistic, because they guy isn't going to give you the equipment for free, but you could sell it to recoup some of the initial investment.

Any idea how much money the guy would want for the building and FF&E? I know some commercial restuarant buildings in the greater Cincinnati Area without working equipment and no current business can run upwards of $1-2 million.

[smitty81]

Originally Posted by chippewastud79

If it is a really nice place in a really nice location and is always dead, I would consider that a huge red flag.

Making a profit on the equipment isn't realistic, because they guy isn't going to give you the equipment for free, but you could sell it to recoup some of the initial investment.

Any idea how much money the guy would want for the building and FF&E? I know some commercial restuarant buildings in the greater Cincinnati Area without working equipment and no current business can run upwards of $1-2 million.

No, a lot of things can attribute to making the place dead.

Don't you watch ramsey's kitchen nightmares?

They are all nice places with no customers.

Frankly, her prices for food are sky high.
Her food is old and never fresh.
She out of a lot of things to make dishes they offer a lot of times.
The staff sucks.

I could go on. Her RESTURANT is failing.