The opinions expressed by columnists are their own and do not represent our advertisers
Sunday, February 02, 2014
Local Restaurant For Sale
While Mr. Paul's Restaurant has delivered fantastic food and service, Paul says he wants to retire at 75. The business is up for sale for $1,500,000.00 and will remain OPEN until a buyer can be found.
17 comments:
Anonymous
said...
One by one, little by little we're watching local businesses crumble. Famous Dave's will be next.
I understand his step son is running it and for sure he is to young to retire. The real reason all the closures are occuring is not enough income and to much out go. Those that are profitable continue to operate. Most people think being in or owning a resturant is a gold mine, quite to the contrary. The chains like Olive Garden or Red Lobster and Ruby Tuesday have so much buying power most locals simply cannot compete. Deep pockets are also a big help and I don't see any way the $1.5MM makes any sense especially when property bought by Gillis was a steal. Today's market is extremly soft especially in Bury.
It is hard to be a local restaurant business in Salisbury. Too many people think that Olive Garden/Red Lobster/Famous Daves/Bob Evans/Chili's/Ruby Tuesday are restaurants and happily pay money for prepackaged/precooked food. How can anyone eat at Red Lobster when they live in an area abundant with fresh seafood?
1:52 I agree Mr. Paul is a good guy and may be ready to retire, however I find it hard to believe that anyone put so much into a business knowing they were going to retire in a few years. I've never heard anyone say anything negative about that restaurant, I've only heard positives. It's not Legacy that is crumbling, it's the local economy. If our local leaders had a back bone they would seek help from the federal and state level to try and secure jobs here, but it's an election year and nobody running for office wants to appear weak, or over their heads before the election. That alone is reason enough to vote out most incumbents.
Sorry to hear this. We've enjoyed some nice buffets there at wedding receptions, Christmas parties, Thanksgiving, etc. Hope he sells his menu with the property and business.
Really sorry to hear this! They are reasonable and nice to deal with. Went to many receptions and parties there and had a bridal shower there.Really good people!
Anonymous said... It is hard to be a local restaurant business in Salisbury. Too many people think that Olive Garden/Red Lobster/Famous Daves/Bob Evans/Chili's/Ruby Tuesday are restaurants and happily pay money for prepackaged/precooked food. How can anyone eat at Red Lobster when they live in an area abundant with fresh seafood?
January 31, 2014 at 2:29 PM
I always wondered the same thing and that place is always busy. Shorebillys don't know the difference.
Wow!!! When Famous Dave's opened you could not get in there for months!! Even as busy as Red Lobster/Olive Garden is their parent company sold them off before Xmas and it is thought that the Lobster chain will not last more then 2 years. Support your local restaurants folks, including the new Taj Mahal Indian behind the old Mr. Curleys and the new Thai down at Seagull Square!!! The Mediterranean Grill is back as well!!!
Um, 7:08, we no longer have jobs. We're eating beans and weenies and struggling to stay in our homes. I guess I could vote for you so you can be "Best" at the Chamber, but that's all I can do.
8:27 nailed it....businesses are being driven away by the anti-business climate - they no longer employ folks...who no longer buy stuff in the area - causing more businesses to go under due to lack of revenue/profit streams.
Businesses can't simply raise the prices for their services like the government does (by raising the tax rates) as folks go elsewhere for the products and services they need.
17 comments:
One by one, little by little we're watching local businesses crumble. Famous Dave's will be next.
Maybe it's worth it. But it always seems empty when I go there. Does it include the building?
Yes the sale price includes the land and building.
I don't consider famous Dave's a local resturant. It is sub par corporate BBQ
12:32 the guy wants to retire. I don't view that as crumbling. I think at 75 he deserves it.
I understand his step son is running it and for sure he is to young to retire. The real reason all the closures are occuring is not enough income and to much out go. Those that are profitable continue to operate. Most people think being in or owning a resturant is a gold mine, quite to the contrary. The chains like Olive Garden or Red Lobster and Ruby Tuesday have so much buying power most locals simply cannot compete. Deep pockets are also a big help and I don't see any way the $1.5MM makes any sense especially when property bought by Gillis was a steal. Today's market is extremly soft especially in Bury.
Famous Daves has already announced it's closing. Green Turtle is moving in building
It is hard to be a local restaurant business in Salisbury. Too many people think that Olive Garden/Red Lobster/Famous Daves/Bob Evans/Chili's/Ruby Tuesday are restaurants and happily pay money for prepackaged/precooked food. How can anyone eat at Red Lobster when they live in an area abundant with fresh seafood?
1:52 I agree Mr. Paul is a good guy and may be ready to retire, however I find it hard to believe that anyone put so much into a business knowing they were going to retire in a few years. I've never heard anyone say anything negative about that restaurant, I've only heard positives. It's not Legacy that is crumbling, it's the local economy. If our local leaders had a back bone they would seek help from the federal and state level to try and secure jobs here, but it's an election year and nobody running for office wants to appear weak, or over their heads before the election. That alone is reason enough to vote out most incumbents.
Sorry to hear this. We've enjoyed some nice buffets there at wedding receptions, Christmas parties, Thanksgiving, etc. Hope he sells his menu with the property and business.
Really sorry to hear this! They are reasonable and nice to deal with. Went to many receptions and parties there and had a bridal shower there.Really good people!
Red lobster the Mcdonalds of seafood i try always to eat at local restaurants
Anonymous said...
It is hard to be a local restaurant business in Salisbury. Too many people think that Olive Garden/Red Lobster/Famous Daves/Bob Evans/Chili's/Ruby Tuesday are restaurants and happily pay money for prepackaged/precooked food. How can anyone eat at Red Lobster when they live in an area abundant with fresh seafood?
January 31, 2014 at 2:29 PM
I always wondered the same thing and that place is always busy. Shorebillys don't know the difference.
Now Mrs. Paul will have to start making more fish sticks...
Wow!!! When Famous Dave's opened you could not get in there for months!! Even as busy as Red Lobster/Olive Garden is their parent company sold them off before Xmas and it is thought that the Lobster chain will not last more then 2 years. Support your local restaurants folks, including the new Taj Mahal Indian behind the old Mr. Curleys and the new Thai down at Seagull Square!!! The Mediterranean Grill is back as well!!!
Um, 7:08, we no longer have jobs. We're eating beans and weenies and struggling to stay in our homes. I guess I could vote for you so you can be "Best" at the Chamber, but that's all I can do.
Good luck with your restaurant.
8:27 nailed it....businesses are being driven away by the anti-business climate - they no longer employ folks...who no longer buy stuff in the area - causing more businesses to go under due to lack of revenue/profit streams.
Businesses can't simply raise the prices for their services like the government does (by raising the tax rates) as folks go elsewhere for the products and services they need.
Post a Comment