Home › Forums › Where I Stand › THE 5/9 RESTAURANT WORKSHOP: EXCLUSIVITY..HERE WE GO AGAIN › Reply To: THE 5/9 RESTAURANT WORKSHOP: EXCLUSIVITY..HERE WE GO AGAIN
Listen up folks. I don’t know how many times I have said this over the years, but it called “a triple net lease” where the owners of the building have no responsibility to managing the costs of the business being run. It is a arms length transaction that has never been done here, why I don’t know other than to guess “our middle management team” has not known that something like this even exists. They have proven time in and out they don’t have a clue on how to run a business other than their past experiences that has nothing in their past lives to prove so (with great exception).
Why the past attorney group has not suggested this is of course beyond me, and I wonder about this new one. So where do they find these types of lawyers?
Five restaurants is too much for any intelligent person to comprehend so obviously they don’t know what else to do with the space other than use it for affairs for the community to use.
As a security director and owner for many years the cost to separate the rst of the business will run in the thousands so please consider this when the decision is made. All it will do is make us dig deeper into our pockets for the “temporary” board members.