Alright. So I talked to the people where I want to put my bar. Luckily it's a family owned building, as opposed to some faceless corporate owned place, so that definitely has it's advantages. But the site is actually much bigger than I thought. 9500 square feet to be exact.
It's not too big for what I want, the problems with a big place like that begin with the rent. The people that own the place were totally on board with my idea with putting a bar in there, which is actually a good first step. Not a lot makes me nervous, but I was very nervous when I called them because I didn't want them to think a bar was a bad idea and say no. They actually seemed excited by the idea. So hurdle one? Gone.
I admit that I fibbed just a little and told them that I wanted to put a sports bar in there, when nothing could be further from the truth. I would rather be f-cking dead than be surrounded by meat-headed sports fans 15 hours a day. And believe me the last thing this world needs is another sports bar. They'd find me hanging from an electrical cord in the back two weeks after we opened, but they'd get over that little lie.
The real issue begins with their asking price. $20 a square foot. It's really not that bad, it's just that there's a lot of square feet. So commercial rent works like this, square feet x price/12 = monthly rent. So...
9500 x $20 = 190,000 /12 = $15,833.33 a month. Every month.
It's an intimidating number. And that's just the rent. A sound system for the kind of place I want could also be very expensive. Oh sure I found one on eBay. The price? $65,000. Used. So you see why this little dream starts to look really distant. I might be able to scale this back a little, but that would defeat the vision that I have in my head. But I'll die trying to make this happen.
Monday, February 7, 2011
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