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If a restaurant goes under, whoever provided funding takes a big hit. Losses = value destroyed. Liquidation values on fixtures and equipment are low. BTW, here
by T_S_ 16y ago
If a restaurant goes under, whoever provided funding takes a big hit. Losses = value destroyed. Liquidation values on fixtures and equipment are low.
BTW, here's a good rule of thumb for investing in restaurants as a non-controlling partner: Don't. I never heard of a good ending, even if it was good for a while.
- blasdel 16y agoThat's why realistic restaurateurs buy all their initial fixtures and equipment used from liquidation auctions :)