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njreb-627s
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Papa John-r9o3
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 Posted: Tue, Jul 3 2012, 10:04 am EDT Post subject: Re: Blue Rooster up for sale |
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| I'm actually surprised they held on as long as they did. It was far too big of an endeavor for them. I think they'll have to drop their price significantly - not sure who will pay $400k for a business that only nets $50k. |
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anon-97on
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| Posted: Tue, Jul 3 2012, 10:15 am EDT Post subject: Re: Blue Rooster up for sale |
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| Papa John-r9o3 wrote: | | I'm actually surprised they held on as long as they did. It was far too big of an endeavor for them. I think they'll have to drop their price significantly - not sure who will pay $400k for a business that only nets $50k. |
The FF&E is $250K + the $800K real estate value, which would mean you're paying $150K for the business if you accept their #'s. And 3X net profit is a decent deal if all those numbers are right. Of course #'s those need to be scrutinized and negotiated. |
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anon-627s
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| Posted: Thu, Jul 5 2012, 1:01 pm EDT Post subject: Re: Blue Rooster up for sale |
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| No one in their right mind would invest 1.2 million to take over somebodys failed dream that only nets 50k. Restaurants rarely last and this one is so flawed that it really will never be more then it is already. Even new owners can't change whats there. That property without parking may be worth 650k and the restaurant is a total liability. Good luck. |
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anon-627s-7np0
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| Posted: Thu, Jul 5 2012, 1:05 pm EDT Post subject: Re: Blue Rooster up for sale |
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| anon-627s wrote: | | No one in their right mind would invest 1.2 million to take over somebodys failed dream that only nets 50k. Restaurants rarely last and this one is so flawed that it really will never be more then it is already. Even new owners can't change whats there. That property without parking may be worth 650k and the restaurant is a total liability. Good luck. |
.. I'm such a spiteful old coot, and my eyes are so brown because I'm full of it.. |
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anon-10no
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| Posted: Thu, Jul 5 2012, 3:22 pm EDT Post subject: Re: Blue Rooster up for sale |
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| She may be spiteful but the truth hurts... |
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anon vinny-7np0
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| Posted: Thu, Jul 5 2012, 5:26 pm EDT Post subject: Re: Blue Rooster up for sale |
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| aside from first and third post, the rest of the posts offer nothing but an inside glimpse into some of the pathetic citizenry of Cranbury .. surely the posts show lack of intelligence and moral compass |
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anon-10no
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| Posted: Thu, Jul 5 2012, 7:14 pm EDT Post subject: Re: Blue Rooster up for sale |
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| Can someone explain why the Blue Rooster is so polarizing? |
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anon-97on
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| Posted: Thu, Jul 5 2012, 7:59 pm EDT Post subject: Re: Blue Rooster up for sale |
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| anon-10no wrote: | | Can someone explain why the Blue Rooster is so polarizing? |
Two reasons:
1) What isn't polarizing on this site? Seriously, it's hard to think of something. Either someone asks a real question or posts a friendly FYI and basically no one comments or we get a lot of polarized comments.
2) Some people do not feel that the co-owner/woman who runs the Blue Rooster is friendly to her customers. Some people have had the opposite experience. But with a handy anonymous board it's easy for anyone even slightly offended, or the competition, to trash people. And in general there are people who post here that try to feel better about their pathetic little lives by trashing everything. They wouldn't have the guts to do it in-person of course. |
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anon-9396
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| Posted: Mon, Jul 16 2012, 3:49 pm EDT Post subject: Re: Blue Rooster up for sale |
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| anon-97on wrote: | | Papa John-r9o3 wrote: | | I'm actually surprised they held on as long as they did. It was far too big of an endeavor for them. I think they'll have to drop their price significantly - not sure who will pay $400k for a business that only nets $50k. |
The FF&E is $250K + the $800K real estate value, which would mean you're paying $150K for the business if you accept their #'s. And 3X net profit is a decent deal if all those numbers are right. Of course #'s those need to be scrutinized and negotiated. |
Take another look at the listing...if you only want to purchase the business, it's $400k. |
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anon-9396
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| Posted: Mon, Jul 16 2012, 3:52 pm EDT Post subject: Re: Blue Rooster up for sale |
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| anon-97on wrote: | | Papa John-r9o3 wrote: | | I'm actually surprised they held on as long as they did. It was far too big of an endeavor for them. I think they'll have to drop their price significantly - not sure who will pay $400k for a business that only nets $50k. |
The FF&E is $250K + the $800K real estate value, which would mean you're paying $150K for the business if you accept their #'s. And 3X net profit is a decent deal if all those numbers are right. Of course #'s those need to be scrutinized and negotiated. |
Listing, as posted on broker's website:
http://www.buyingrestaurants.com/listings/rralistmgr.htm |
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Anon-1pr0
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| Posted: Tue, Jul 17 2012, 9:24 pm EDT Post subject: Re: Blue Rooster up for sale |
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| We love going to the BR as a family - its one of the only restaurants in the area with food on par with NYC and the ambiance of a B&B. Hope that everything works out for all parties and the new owners keep all the things we love (especially the mini pastry basket!) |
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anon-10no
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| Posted: Tue, Jul 31 2012, 7:58 pm EDT Post subject: Re: Blue Rooster up for sale |
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| Looks like they are already closed. |
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nkc-81rr
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| Posted: Tue, Jul 31 2012, 9:00 pm EDT Post subject: Re: Blue Rooster up for sale |
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| they're just on holiday July 29 until Aug 14...not closed yet. |
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395-10no
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| Posted: Sun, Aug 26 2012, 10:43 pm EDT Post subject: Re: Blue Rooster up for sale |
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| The banner that was put up on the front porch to draw business is horrendous. It is as anti Cranbury as it gets. Is there not a sign ordinance in town? No wonder they are for sale. A poor management choice makes the place look tacky. |
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anon-0101
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| Posted: Mon, Aug 27 2012, 11:15 am EDT Post subject: Re: Blue Rooster up for sale |
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| 395-10no wrote: | | The banner that was put up on the front porch to draw business is horrendous. It is as anti Cranbury as it gets. Is there not a sign ordinance in town? No wonder they are for sale. A poor management choice makes the place look tacky. |
I don't understand what's wrong with the banner. It looks fine to me. |
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