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this looks like a hell of a deal

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Old 07-13-2006, 07:29 PM
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Default this looks like a hell of a deal

has anyone been here

http://cgi.ebay.com/FROGS-SEASONAL-W...QQcmdZViewItem
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Old 07-13-2006, 07:35 PM
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Default Re: this looks like a hell of a deal

Damn, that sounds like great deal. Why so cheap? Or is that the going rate on LOTO?
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Old 07-13-2006, 07:50 PM
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Default Re: this looks like a hell of a deal

I don't know about the timing of the sale. With gas possibly going to $4/gallon in the USA soon, I think even LOTO will see alot less boat traffic in the near future.
Need to have a look @ their "books" for the last 3 years.
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Old 07-13-2006, 08:21 PM
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Default Re: this looks like a hell of a deal

Need to have a look @ their "books" for the last 3 years.
Good luck,
Dean[/QUOTE]


ditto....but for that price you can't even get a 2/1 condo on the water here in miami

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Old 07-13-2006, 08:48 PM
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Default Re: this looks like a hell of a deal

I think they need some more pictures for a better description

Last edited by Semper Fi; 07-13-2006 at 08:50 PM.
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Old 07-14-2006, 02:02 AM
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Default Re: this looks like a hell of a deal

On Havasu that would be in the millions!
LOTO = Havasu Lite!
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Old 07-14-2006, 09:05 AM
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Default Re: this looks like a hell of a deal

it would be in the millions on lake george too
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Old 07-14-2006, 09:26 AM
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Default Re: this looks like a hell of a deal

BUT if it's such a great deal, why is it on ebay? I think that if the business books show decent profit for the last 2-3 years, and the property is in a good location, that it would have been snapped up in the local business real estate market. Just my .02.
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Old 07-14-2006, 10:44 AM
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Default Re: this looks like a hell of a deal

I've seen a number of places come and go down here at LOTO. Someone comes in falling in love with the lake and sees the busy summer business and all the boats and antes up for a place like that one. Then the reality sets in afte the first year when you realize you need to make the years worth of money in about 3 months. And 3 hectic months at that.
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Old 07-14-2006, 10:51 AM
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Default Re: this looks like a hell of a deal

Well, it does say seasonal. Nonetheless, If it's a fully-operational resteraunt, on the water, with what looks like docking for about a dozen and a half boats, the price is ridiculously low. If you run a decent resteraunt, that actually attracts people, there's no reason you shouldn't make that back in the first 3 months.

A place like that down here would be in the millions.
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