anyone interested in owning a piece in a NYC restaurant? | FerrariChat

anyone interested in owning a piece in a NYC restaurant?

Discussion in 'New York Tri-State' started by Hubert888, Sep 10, 2004.

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  1. Hubert888

    Hubert888 F1 Veteran
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    #1 Hubert888, Sep 10, 2004
    Got word from someone....here is the deal:

    Mediterranean style restaurant will be opening on the corner of Park Ave and 20th street (where the restaurant Patria used to be). Major partners involved are the owners of Sushisamba and City Crab. They themselved invested around $1.5M already and are looking for more capital of $750,000.

    If anyone is interested....let me know and maybe we can get a group together.

    Demolition of the old restaurant will occur on the 15th of this month....so the restaurant would be open sometime in the very near future.
     
  2. alinaqvi

    alinaqvi Karting
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    #2 alinaqvi, Sep 10, 2004
    I thought you wrote is anyone interested in owning a "piece" meaning a gun.
     
  3. JC360

    JC360 F1 Rookie
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    #3 JC360, Sep 10, 2004
    lol... if you need "pieces" contact hubi too.
     
  4. Doody

    Doody F1 Veteran

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    #4 Doody, Sep 10, 2004
    i considered it for a bit, but instead i decided to pull $750K out of my bank account in hundreds and dumped it in my driveway, doused it with gasoline, and lit it up.

    i got cited by the police for not having a burning permit. DAMMIT!

    :)

    doody.
     
  5. Hubert888

    Hubert888 F1 Veteran
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    #5 Hubert888, Sep 10, 2004
    they are selling ownership stakes in increments of 1%, so noone needs to front the entire $750,000.
     
  6. AntonyR

    AntonyR F1 Veteran

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    #6 AntonyR, Sep 10, 2004
    I'd buy Ali's Enzo
     
  7. alinaqvi

    alinaqvi Karting
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    #7 alinaqvi, Sep 10, 2004
    Doody,

    I have not laughed like that in a long time. Thanks for making me chuckle man.

    You are another one who should conisder stand-up comedy.

    Hey Hubert, can you hook a brother up with an AK 47 or rocket launcher ?
     
  8. Hubert888

    Hubert888 F1 Veteran
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    #8 Hubert888, Sep 10, 2004
    i am sorry ali...
    im not terrorist-connected. cant hook u up with any rocket lauchers or anything :(
     
  9. Doody

    Doody F1 Veteran

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    #9 Doody, Sep 10, 2004
    for the avoidance of doubt, the point was that a total loss is a total loss. restaurants are notoriously bad investments. even "successful" restaurants can be tough to get your money out of - and the odds of ever getting to breakeven are unpretty.

    doody.
     
  10. Hubert888

    Hubert888 F1 Veteran
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    #10 Hubert888, Sep 10, 2004
    i think everybody knows that restaurants are risky investments.
    i just proposed a deal if anyone is interested.

    if not interested....dont bash the idea.
     
  11. AntonyR

    AntonyR F1 Veteran

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    #11 AntonyR, Sep 10, 2004

    Fair enough.

    Are you going to be investing into this?
     
  12. Hubert888

    Hubert888 F1 Veteran
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    #12 Hubert888, Sep 10, 2004
    im not 100%...

    im always open for new investment ideas.
    havent looked into the business plan yet...i just got a brief phone call from a friend today and just posted the idea.
     
  13. AntonyR

    AntonyR F1 Veteran

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    #13 AntonyR, Sep 10, 2004
    Best of luck with your new venture
     
  14. sjmst

    sjmst F1 Veteran
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    #14 sjmst, Sep 10, 2004
    Thanks for passing this along, Hubert. I for one do appreciate it when we share what we have heard.
     
  15. JC360

    JC360 F1 Rookie
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    #15 JC360, Sep 10, 2004
    werd
     
  16. DodgeViper01

    DodgeViper01 F1 Veteran

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    #16 DodgeViper01, Sep 10, 2004
    Thanks for the information Hubert but I think that if a group gets together for the remaining portion of the investment that it will take quite some time for them to obtain a return. What is the remaining portion for the investment? 25% share?
     
  17. robiferretti

    robiferretti F1 Rookie

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    #17 robiferretti, Sep 10, 2004
    I'ld be interested in ripping it down and putting up a parking garage for exotic cars :)
     
  18. davem

    davem F1 Veteran
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    #18 davem, Sep 10, 2004
    That smells bad.
     
  19. sagaponack

    sagaponack Formula Junior

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    #19 sagaponack, Sep 10, 2004
    You have one already at BMC.

    "Why invest in a restaurant when for $50 you can have any table in the house."

    ---Frank Sinatra




    www.bridgemc.com

    Where Your Important Cars Call Home
     
  20. Black355

    Black355 F1 Veteran

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    #20 Black355, Sep 11, 2004
    Are they looking for restauranteur investors or silent partners?

    Personally, I'd never invest in a small business idea that I did not understand but I know a handful of restaurant owners in NYC that own high-end places looking to do some "low-effort but still hands on" projects...
     
  21. W00dEar

    W00dEar F1 Rookie
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    #21 W00dEar, Sep 11, 2004
    sorry real playa only pimpin in nYc! :)
     
  22. Black355

    Black355 F1 Veteran

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    #22 Black355, Sep 11, 2004
    I've never heard that before, but I LOVE IT!
     

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