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Originally Posted by Banned4lyfe
From their site:
Quote:
Owner, Jason Young is a life long Suffern resident....
He's the only person named fwiw, not sure if 1% gets you that.
Weird.
Something isn't adding up here.
It is EXPENSIVE to open up a restaurant -- both buying an existing one and starting up your own from scratch.
The biggest problem is what's known as "build out costs" -- construction of the kitchen and the restaurant itself. That often runs over $250k. There are plenty of other large costs associated with opening a new restaurant.
This article covers it pretty well:
http://www.inc.com/articles/201111/b...estaurant.html
Even if you try to avoid these costs by buying a restaurant from an existing owner, that previous owner is very aware of what he spent to develop the place, and will never let it go for cheap.
So Jason had hundreds of thousands of dollars to spend on this restaurant in June, 2012, but couldn't quickly pay Assani a measly $2k prior to that?
There are many ways that this could have actually come to pass.
He might have inherited the restaurant, but just about no cash to go with it.
The restaurant might be silently owned by his parents or whatever, and he is the face of it.
He might have gotten a loan for most of it, with his parents co-signing (zero chance he would qualify on his own), but in reality has little-to-no equity at the moment.
All I know is that it's unlikely he sunk hundreds of thousands of dollars into this thing, and had virtually zero for anything else in his life, all while dodging a guy he owed $2k for months.
I'm not going to hijack this thread any further trying to figure this one out, but as usual in this situation, nothing is probably as it seems on the surface.