On 17/05/2013 6:48 PM, Pico Rico wrote:

>>
>
> the last story I heard along these lines was that the landlord gave a
> restaurant a sweetheart deal for five years, and then wanted to raise the
> rent to something closer to market rents. Everyone screamed that the
> landlord was screwing the guy, doubling his rent, etc. were the rumors. Fact
> is, he essentially handed the restaurant a pile of money in the form of low
> rent for five years, and then the restaurant owner left. the landlord
> really didn't get to recoup his investment on that deal.
>

There are a lot of variables. It's hard to say what the market rate
would be for a restaurant in a location that had never survived.

I am reminded of a my friend<?> Cheap Bob, who was boasting about a deal
he got on a house in the middle of nowhere. He was proud of having paid
only $68,000 for a house worth $95,000. We tried to explain to him
that it had been on the market for 5 years and that if, after 5 years on
the market it was only worth $68,000, that is what is was worth.