Even higher for restaurants.
Robert DeLong wrote: “Even higher for restaurants.”
No doubt, even higher for bars.
A fellow had a fairly profitable thing going here. He owned at least five, maybe more small bars. He would sell any of t them if you asked. He would even finance the deal. He did require a down payment. After six to nine months, the bar would go broke, he would forclose, pocket the down, and the bar would be back for sale again. He was not the type to do business with.