Throwing in the towel.

[tarborolife]

Blame it on inexperience, a mis-matched business partnership, financial and/or marital ruin...I am selling my shop. I'm moving out of the area, and I know I'm taking a BIG loss.

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=280390390439

I really appreciate all the encouragement and wisdom I have gotten from this board.

 

[PinkRose]

Hello "tarborolife"

I was sorry to hear that you're selling your cafe. It sounds like you had a lot of negative things pulling you down, which would make most people want to jump off the nearest bridge instead of just throwing in the towel and moving on!

Geez...I just saw your ad on E-Bay. Are you selling all that stuff for $20,000????

We certainly appreciate you taking the time to tell us that you're moving on. Sometimes we wonder what happened to the folks who suddenly disappear from the forum.

Best wishes, and good luck in your future endeavors.

Rose

 

[Tophie2]

Man oh man, I am this freaking close to throwing in the towel. What I thought was a great idea has turned out to be a financial nitemare. I have $941.62 IN THE BANK AND 500,000 IN DEBT. I wish I never made this very very ignorant mistake so I feel ya . I don't know WTF to do. Best of luck,godspeed.

 

[PinkRose]

Hello Tophie2,

Geez....that's a freaking bummer! I was hoping things would start to go well for you as time went on. You've only been open since October.

I wish I had tons of money, because I'd help you guys out if I did. Someone else won the mega milions lottery yesterday, and now my losing tickets are in the trash.

I hate it when I hear that someone's dream has turned into a nightmare.

Let's hope that someone in this forum will have some suggestions about how you can hang in there until things get better.

Rose

 

[John P]

I would strongly recommend having a professional business broker handle your sale. I understand it is a difficult time, but you will come out better if you let a professional handle it.

I'd pull the ad immediately.

 

[Tophie2]

Yeah and then get voted second best coffee shop in town today.



Humbled for sure.

 

[PinkRose]

Congratulations! Let's hope your dark days will all be behind you!

 

[caffe biscotto]

I recently read that 60% of restaurants go under within their first three years in business, which is greater than the 50% that go under within the first five.

So basically, something happens over time, that works itself out. Be it word of mouth, or just better financial management, it's good to hang in there for as long as you can.

The economy is slowly improving. I own a small food service business and sales are actually up this year, from last.

Don't be afraid to put your kids to work, either! I'm seeing more and more, that parents are apathetic to their kids coming home from school and playing video games the rest of the day. Sad, but true. Making good grades in school is not enough. Work ethic and versatility is also important. I was cleaning toilets and dumping trash cans, for the family janitorial business, from the age of 11. I'm sure many of you have a similar story. You can make it fun for them too, be creative.

 

[Tophie2]

I see you sold the shop. How are you? OK?