5 ms·

Wouldn't a 40-years old restaurant have no debt to pay and a good treasury? I would assume they paid back any debt by then, and could survive for a long time wi

• Bradlinc 6y ago
  Maybe if the restaurant owned the building but otherwise the rent alone could chew through the profit of a restaurant or bar pretty fast. It is difficult to buy the building of a successful restaurant unless you had a right of first refusal or buyout option in the initial lease. Landlords are reluctant to sell you the building for anything reasonable if they feel you are successful as their money is fairly safe and inflation adjusted. I run two bars. One of them is five years old and very successful. I would say right now it has about eight months of rent payments until it would be a problem.
• siliconmountain 6y ago
  It’s been 9 months... they still have to pay rent and equipment costs and staff