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That's actually pretty common. Every community has at least one or two businesses that don't look very busy, but the owners have managed to hang on for 10+ year
by lj3 10y ago
That's actually pretty common. Every community has at least one or two businesses that don't look very busy, but the owners have managed to hang on for 10+ years. Could they be laundering money? Sure. They could also just be operating by the skin of their teeth. Or they could have made their money in real estate in a past life and are milking their savings. Or they could be in debt up to their eyeballs. Or they could have a rich uncle. I could go on...
- jandrese 10y agoThere's an Italian sub place down the road from me like this. The owner is the only employee as far as I can tell. He makes delicious sandwiches but there is never anybody in there. There's even a tiny grocery area in the front with imported everything (at import prices) that never seems to move. I really don't understand how this guy can keep so much expensive and perishable stock in there with no customers.
- nickpsecurity 10y agoThat one has potential. It's kind of upscale which justifies extra profit. Top-notch stuff in it for owner and family. Much can be discarded or even donated to charity in local community to increase odds of loyalty like reporting suspicious behavior (eg snooping cops).
- digi_owl 10y agoOr they could be gaming subsidies. I recall claim that local extended family would pass a storefront around, each relative taking of the the storefront, apply for a new business subsidy from the local government, then ride that for as long as it lasted, and file for bankruptcy when it ended.