One of our mason contractors who also owns a little gin mill here in Yonkers is getting out of the business. The place is small, holds about 60 - no food, no kitchen, no frills.
Without blabbing to the point he could get in trouble - but just enough to sing his praises - I think he’s come up with a pretty unique and hassle-free way of divesting.
- He’s not gonna blow the dust off a phony set of books and come up with a market price.
- He’s not giving it to one of his spoiled kids.
- He’s not even gonna offer it to one of his bartenders (who usually are partners without the owner’s knowledge)
- To hell with notes, customers who think they’re businessmen and the like…
He’s taking the unorthodox (and probably not completely legal) route of raffling off the joint. That’s right:
One of only 200 raffle tickets at the price of $1,000 each will give the bearer / winner full ownership of the Hops Hut (name modified to protect the innocent) on Kimball Avenue in the Southeast section of NY state’s 4th largest city.
Believe it or not, he’s already sold 150 tickets and after the 200th is sold, a big private party will be held to draw both the winner and (most assuredly) many pints of beer. From a couple of the people I know who hold an ‘amber ticket’, most are quite certain that if they win and don’t want the joint, they can turn around and sell it for a quick $100K (i.e. $99K profit).
I like the idea. It’s both unique…and a little shady.
It’s a