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Post by rukidding (towns local troll) on Jun 26, 2015 11:56:34 GMT -6
Streator Ace Hardware is 100% NOT closing. Stop running with baseless rumors people. We all know that. But just to be sure, WHERE did You get YOUR Information?
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Post by otto on Jun 27, 2015 23:36:55 GMT -6
Snipe, No wonder you NEED YOUR NANNY CORPORATION. What would the down payment on a business with that inventory need at this time? If you buy the inventory, not a retail but wholesale, that would be assignable to the bank in case your default on the loan. For the building the same would apply. Perhaps, Bill would be willing to rent the building. Who knows? Now you have to come up with the down payment. I really don't know the amount at this time nor the length of the loan. I you have any equity in your home, or other personal property you can use that to come up with come up with part or all of the down payment of the purchase. But, of course you wouldn't have the guts. I never had a Nanny Corporation 401K, but if you have the Stones, perhaps you could withdraw it, pay the hit on taxes and GO GALT. Oh, and I'd get a good CPA and Attorney to put the package together. But, since you know it all about the "Monthly Nut", you don't need to pay for advice. Oh, and I would not walk into the Bank, and tell them how much I can increase the business at ACE, I would reassure all the employees at ACE I want to keep them. I would make certain all my business bills were paid before taking anything from the business. Sorry, Snipe, this is just a quick outline. Pretty much a "turn key" business, eh Snipe? A man as intent on Going Gaul, and raising chickens, being the "tip of the spear", and understanding how Capitalism works should be able to start from there, right. Oh, and as a "backup" plan for failure, you should take on a partner you trust and never watch the books. g P.S. Snipe, you might to incorporate you new investment in another country, and keep your account off shore. Humm, sounding better all the time isn't it? WTH does a down payment have to do with anything? The scenario(with low dollar amounts) was a million dollar business loan and the costs involved with it. Of course banks would want to make sure that an owner was also invested in the business, but unless the owners investment was at least a million dollars of assets that could be secured, would any down payment really have any bearing on the cost of the loan? If banks do loan for just inventory for such small businesses, because it would be so hard to track and secure, wouldn't it be a huge risk and therefor be much more costly than other loans? Since you aren't smart enough to understand what the "nut" could be, how much do you suppose the monthly interest payment on that million dollar loan would be? Yes, I agree that it would be unlikely that someone would step up with the huge amounts of cash needed to buy the business, considering that our population keeps on declining and our City leaders are not addressing the problems that are making more and more good people want to leave. We can't even support a movie theatre and it seems that even the National Guard gave up on our declining community. Fuggedabout Ace.... Don't know why I didn't see this before....the two people with the most business sense in town. I think they should team up and buy the Majestic and show everyone that they aren't all talk. Should be a walk in the park for those two (Greek and Kyle). What one doesn't know, the other is sure to know. And the Majestic was just turning the corner to profitability. Should be a snap for G&K to show the bank their plan to make millions. And then we won't have to drive so far to see first run movies.
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Post by Kyle Mitchell on Jun 28, 2015 6:02:40 GMT -6
WTH does a down payment have to do with anything? The scenario(with low dollar amounts) was a million dollar business loan and the costs involved with it. Of course banks would want to make sure that an owner was also invested in the business, but unless the owners investment was at least a million dollars of assets that could be secured, would any down payment really have any bearing on the cost of the loan? If banks do loan for just inventory for such small businesses, because it would be so hard to track and secure, wouldn't it be a huge risk and therefor be much more costly than other loans? Since you aren't smart enough to understand what the "nut" could be, how much do you suppose the monthly interest payment on that million dollar loan would be? Yes, I agree that it would be unlikely that someone would step up with the huge amounts of cash needed to buy the business, considering that our population keeps on declining and our City leaders are not addressing the problems that are making more and more good people want to leave. We can't even support a movie theatre and it seems that even the National Guard gave up on our declining community. Fuggedabout Ace.... Don't know why I didn't see this before....the two people with the most business sense in town. I think they should team up and buy the Majestic and show everyone that they aren't all talk. Should be a walk in the park for those two (Greek and Kyle). What one doesn't know, the other is sure to know. And the Majestic was just turning the corner to profitability. Should be a snap for G&K to show the bank their plan to make millions. And then we won't have to drive so far to see first run movies. Gee Otto, didn't I already show that I'm not all talk by moving my family across the country and investing a lot of money and hard work into opening the place eight years ago? I think it is time for others to show that they are not all talk. Our City leaders wouldn't support my business there by enforcing our laws in the streets around it so that more families might feel more comfortable that they wouldn't have to be exposed to so many illegal activities creating negative impacts. Because of my asking for better for our community, they attacked my family and didn't want them to be here. They got their wish. There seems to be a lot of people on here who talk a lot as if they know about the situation, they should be the ones to show that they are not just all talk, don't you think? I don't know if any of them are stupid enough to partner up with greek though.
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Post by Kyle Mitchell on Jun 28, 2015 7:58:52 GMT -6
I wasn't just all talk about pigs flying either, was I?
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Post by greekgod on Jun 28, 2015 16:55:34 GMT -6
Otto, Nah, the only members of the forum that understand being a business owner are Kyle (who failed), Sniper (who failed), dog (who is successful), and Jimb, who is successful. I'll sit out this dance. I'm comfortable being self-employed for years. Nothing to prove here. g
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Post by roman on Jun 28, 2015 18:18:29 GMT -6
I probably should not do this, but total disclosure is a Liberal mantra. In any event, I have obtained a tape of Greek’s presentation to one of the local banks in his effort to buy Ace. ( Snowden sent it to me.)
Greek: “I have worked with a lawyer and an accountant to put together a “package-plan” to buy Ace.”
Banker: “Oh, that is interesting. Can you lay out your package.”
Greek: First of all, I am not going to tell you that I can increase business at Ace. In fact, I plan to tell the employees that I want to keep them. Second, I don’t know what the down payment would be, but I can come up with at least ten or fifteen thousand from the equity in my house. Finally, you would have the large inventory in the store as security for the loan."
Banker: “I’m sorry; I must have missed something. Where is the package? Donde esta la carne? (We have to say things in Spanish now) How would you meet the nut each month? Can you tell me who helped you put together your package?”
Greek: “Actually, I fired the lawyer and the accountant; they didn’t know what they were talking about. The nut? What are you talking about? I heard some other guy around here use that term. It must be some localism.”
Banker: “You never heard of the term nut in a loan context before? That is telling, and there is another point. Your original application was rife with (that means full of) misspellings and grammatical errors.”
Greek: “Spelling and grammar? What is this a term paper or a loan application? You know nothing. You simply work for some Nanny bank. You don’t know what it is like to run a successful business on Main Street.”
Banker: “Thank you Mr. Greek. We will get back to you in the fullness of time. However, as we bankers say: don't stand on one leg while you are waiting.”
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Post by greekgod on Jun 28, 2015 18:34:23 GMT -6
I probably should not do this, but total disclosure is a Liberal mantra. In any event, I have obtained a tape of Greek’s presentation to one of the local banks in his effort to buy Ace. ( Snowden sent it to me.) Greek: “I have worked with a lawyer and an accountant to put together a “package-plan” to buy Ace.” Banker: “Oh, that is interesting. Can you lay out your package.” Greek: First of all, I am not going to tell you that I can increase business at Ace. In fact, I plan to tell the employees that I want to keep them. Second, I don’t know what the down payment would be, but I can come up with at least ten or fifteen thousand from the equity in my house. Finally, you would have the large inventory in the store as security for the loan." Banker: “I’m sorry; I must have missed something. Where is the package? Donde esta la carne? (We have to say things in Spanish now) How would you meet the nut each month? Can you tell me who helped you put together your package?” Greek: “Actually, I fired the lawyer and the accountant; they didn’t know what they were talking about. The nut? What are you talking about? I heard some other guy around here use that term. It must be some localism.” Banker: “You never heard of the term nut in a loan context before? That is telling, and there is another point. Your original application was rife with (that means full of) misspellings and grammatical errors.” Greek: “Spelling and grammar? What is this a term paper or a loan application? You know nothing. You simply work for some Nanny bank. You don’t know what it is like to run a successful business on Main Street.” Banker: “Thank you Mr. Greek. We will get back to you in the fullness of time. However, as we bankers say: don't stand on one leg while you are waiting.”
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Post by Deleted on Jun 28, 2015 18:38:55 GMT -6
I probably should not do this, but total disclosure is a Liberal mantra. In any event, I have obtained a tape of Greek’s presentation to one of the local banks in his effort to buy Ace. ( Snowden sent it to me.) Greek: “I have worked with a lawyer and an accountant to put together a “package-plan” to buy Ace.” Banker: “Oh, that is interesting. Can you lay out your package.” Greek: First of all, I am not going to tell you that I can increase business at Ace. In fact, I plan to tell the employees that I want to keep them. Second, I don’t know what the down payment would be, but I can come up with at least ten or fifteen thousand from the equity in my house. Finally, you would have the large inventory in the store as security for the loan." Banker: “I’m sorry; I must have missed something. Where is the package? Donde esta la carne? (We have to say things in Spanish now) How would you meet the nut each month? Can you tell me who helped you put together your package?” Greek: “Actually, I fired the lawyer and the accountant; they didn’t know what they were talking about. The nut? What are you talking about? I heard some other guy around here use that term. It must be some localism.” Banker: “You never heard of the term nut in a loan context before? That is telling, and there is another point. Your original application was rife with (that means full of) misspellings and grammatical errors.” Greek: “Spelling and grammar? What is this a term paper or a loan application? You know nothing. You simply work for some Nanny bank. You don’t know what it is like to run a successful business on Main Street.” Banker: “Thank you Mr. Greek. We will get back to you in the fullness of time. However, as we bankers say: don't stand on one leg while you are waiting.” Mr. Greek: (He forgot to add that he was into aluminum...cans, that is.)
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Post by greekgod on Jun 28, 2015 18:40:57 GMT -6
I probably should not do this, but total disclosure is a Liberal mantra. In any event, I have obtained a tape of Greek’s presentation to one of the local banks in his effort to buy Ace. ( Snowden sent it to me.) Greek: “I have worked with a lawyer and an accountant to put together a “package-plan” to buy Ace.” Banker: “Oh, that is interesting. Can you lay out your package.” Greek: First of all, I am not going to tell you that I can increase business at Ace. In fact, I plan to tell the employees that I want to keep them. Second, I don’t know what the down payment would be, but I can come up with at least ten or fifteen thousand from the equity in my house. Finally, you would have the large inventory in the store as security for the loan." Banker: “I’m sorry; I must have missed something. Where is the package? Donde esta la carne? (We have to say things in Spanish now) How would you meet the nut each month? Can you tell me who helped you put together your package?” Greek: “Actually, I fired the lawyer and the accountant; they didn’t know what they were talking about. The nut? What are you talking about? I heard some other guy around here use that term. It must be some localism.” Banker: “You never heard of the term nut in a loan context before? That is telling, and there is another point. Your original application was rife with (that means full of) misspellings and grammatical errors.” Greek: “Spelling and grammar? What is this a term paper or a loan application? You know nothing. You simply work for some Nanny bank. You don’t know what it is like to run a successful business on Main Street.” Banker: “Thank you Mr. Greek. We will get back to you in the fullness of time. However, as we bankers say: don't stand on one leg while you are waiting.” Job, You just keep advising "Sniper" and "Kyle" on how to finance a successful business. Of course when they "fail" again, you'll refund your fee? Sure you will. g
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Post by Kyle Mitchell on Jun 29, 2015 18:51:21 GMT -6
Otto, Nah, the only members of the forum that understand being a business owner are Kyle (who failed), Sniper (who failed), dog (who is successful), and Jimb, who is successful. I'll sit out this dance. I'm comfortable being self-employed for years. Nothing to prove here. g Of course you have nothing to prove, but an even better way to put it is that there is nothing you can prove. Yes, it would probably be better if you just sat everything out since you do such a terrible of job of dancing around the answers and trying to pretend that you even have a clue at all. You keep saying that I failed at business in Streator, but I did have some customers. According to some people on here, that is all that is required. They seem to think that if they don't see it directly affecting their business then it is not a problem at all. Take your successful business friend dog, he admits that the illegal activities do hurt business, but calls fighting and urinating in the middle of our streets "tolerable behavior". He seems to think that it shouldn't matter about the many other customers who will not come to our downtown in the evening to support a family movie theatre due to the illegal activities because he doesn't see it hurting his business enough directly. He seems to think that the Majestic didn't need any more customers by just having our laws enforced, so they could pay the bills and Tim might not have considered it such a failed business to board it up, just walk away from his investment here and leave it to be destroyed. I'm still waiting for him to answer if he believes that it is Mayor Lansford's vision that drunken brawls and people pulling their pants down in the middle of our streets continue to be "tolerable behavior" for Streator, and if the unsolved shoot-outs, robberies, arson, etc. are also party of their "tolerable behavior". Since you seem to be such good friends with dog, maybe you could find out for me? BTW, it is nice to know that your aluminum can business is doing so well now. I didn't know that was you that I routinely see digging through Carbo's dumpster until butterbean filled us in. No wonder you are so upset with my talking, since it seems it could be jeopardizing your livelihood. If the bar owners are ever forced by our city leaders to follow our laws and people aren't allowed to continue emptying beer cans by the dozen, you must be afraid that you won't be able to keep up your comfortable self-employed lifestyle. Maybe emachine/capncrunch can give you some help to get by, by giving you some inside tips on how to abuse the public assistance programs.
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Post by roman on Jun 29, 2015 19:30:19 GMT -6
Kyle, unlike you, Greek has modestly chosen to keep his identity secret. If we only knew which highly successful business he runs, we would probably stand in awe.
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Post by Kyle Mitchell on Jun 29, 2015 19:48:21 GMT -6
Kyle, unlike you, Greek has modestly chosen to keep his identity secret. If we only knew which highly successful business he runs, we would probably stand in awe. I am in awe. He had quite a few cans in the basket of his bicycle when I saw him. I have no doubt that he is living comfortably with his self-employed aluminum can collecting lifestyle.
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Post by dog on Jun 29, 2015 20:07:40 GMT -6
Take your successful business friend dog, he admits that the illegal activities do hurt business, but calls fighting and urinating in the middle of our streets "tolerable behavior". He seems to think that it shouldn't matter about the many other customers who will not come to our downtown in the evening to support a family movie theatre due to the illegal activities because he doesn't see it hurting his business enough directly. He seems to think that the Majestic didn't need any more customers by just having our laws enforced, so they could pay the bills and Tim might not have considered it such a failed business to board it up, just walk away from his investment here and leave it to be destroyed. I'm still waiting for him to answer if he believes that it is Mayor Lansford's vision that drunken brawls and people pulling their pants down in the middle of our streets continue to be "tolerable behavior" for Streator, and if the unsolved shoot-outs, robberies, arson, etc. are also party of their "tolerable behavior". Since you seem to be such good friends with dog, maybe you could find out for me? I think everything matters when it comes to customers. If I felt that the bar problems were the cause for the majority of the seats being empty I would probably be agreeing with you. I'm with FOT in thinking that the percentage is low, but I also think that, even that percentage could have possibly kept the place open, I think it makes more sense to focus on things that would have a bigger influence on the bottom. Sure, if you want to run the theater business for the love it of it first, and making a profit second, then I can somewhat see your point. I personally, would rather put the emotional aspect 2nd, and concentrate doing the things that would maximize profits first. I dont think shoot-outs, robberies,arsons,etc are tolerable behaviour. I dont know how the Mayor sees it. I would think you should be able to find him somewhere during the 4th weekend, you should ask him.
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Post by helencrump on Jun 29, 2015 21:18:02 GMT -6
I wonder how much enrollment is down at IVCC, with the recent shooting death by bow and arrow over there. It must've plummeted, with a violent death like that in the schools parking lot. If someone relieving themselves in an alley, and some fights put the majestic out of business, then that horrific death will surely shutter the college.
And was it Saturday or Sunday that the woman was confronted by the masked gunman, pointing his weapon at her, in spring valley? Ottawa just got a parolee home after serving her time with her brother, for murdering her best friend over a pair of jeans, and then burning her like rubbish. Speaking of, Ottawa most recent incident of citizens burning an Ottawa businessman after killing him. The Roxy is doomed. Surely murder will affect the attendance drastically.
Wait...summer classes were in session? The Roxys still open? Spring Valley isn't a ghost town? Hmmmm
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Post by Kyle Mitchell on Jun 30, 2015 6:40:08 GMT -6
Take your successful business friend dog, he admits that the illegal activities do hurt business, but calls fighting and urinating in the middle of our streets "tolerable behavior". He seems to think that it shouldn't matter about the many other customers who will not come to our downtown in the evening to support a family movie theatre due to the illegal activities because he doesn't see it hurting his business enough directly. He seems to think that the Majestic didn't need any more customers by just having our laws enforced, so they could pay the bills and Tim might not have considered it such a failed business to board it up, just walk away from his investment here and leave it to be destroyed. I'm still waiting for him to answer if he believes that it is Mayor Lansford's vision that drunken brawls and people pulling their pants down in the middle of our streets continue to be "tolerable behavior" for Streator, and if the unsolved shoot-outs, robberies, arson, etc. are also party of their "tolerable behavior". Since you seem to be such good friends with dog, maybe you could find out for me? I think everything matters when it comes to customers. If I felt that the bar problems were the cause for the majority of the seats being empty I would probably be agreeing with you. I'm with FOT in thinking that the percentage is low, but I also think that, even that percentage could have possibly kept the place open, I think it makes more sense to focus on things that would have a bigger influence on the bottom. Sure, if you want to run the theater business for the love it of it first, and making a profit second, then I can somewhat see your point. I personally, would rather put the emotional aspect 2nd, and concentrate doing the things that would maximize profits first. I dont think shoot-outs, robberies,arsons,etc are tolerable behaviour. I dont know how the Mayor sees it. I would think you should be able to find him somewhere during the 4th weekend, you should ask him. What does "the majority of seats being empty" have to do with anything at all? Between the two screens there are close to 800 seats, do you really think that the problems on our streets with laws being broken should not be corrected until you are convinced that it is turning away 400 people for each showtime? Really??? You talk as if you know a lot about the situation, do you? How do you think a majority of seats being filled relates to the viability of theatres in general? Don't you think that most theatres that require a majority of the seats to be filled to be profitable should just be closed and that most successful theatres do have a profitability level with just a very low average percentage of the seats ever being filled? You do understand that theatres have a lot of fixed costs that go on regardless of how many people show up to a movie, right? Minimum wage to have some help opening it doesn't go down if only a couple of people show up, the mortgage payment and insurance premiums still need to be paid, you still have to heat and cool the room to be ready for them, etc. After enough people show up so that those fixed costs are covered, any others showing up start creating the revenues that generate much of the profit, the "gravy". Because people tend to go to the movies more on particular nights and when particular product is offered, being able to cover the fixed expenses with a very low average percentage of seats being filled, creates a lot of room for "gravy", do you follow? Any theatre that had fixed expenses that required a majority of the seats to be filled to be at a profitable level, generally would not have as much potential for being as profitable, don't you agree? So what difference do you think a "majority of seats being empty" or filled makes in this conversation? Did you see some of the published financial statements for the Majestic? It appears that Tim had some years where he had some profit and some years where he had some loss. Doesn't that indicate that he was very close to that profitable level and that maybe even just 5% more of that big gravy bowl filled could have made a big difference? Being on the cusp of being profitable with such a low percentage of the seats generally being filled, shows the great potential that our unique local movie palace had, don't you agree? Too bad that our City leaders didn't support having what Mr. Endres (and I agree) feel should have been a tourist destination, by just having our laws enforced in the area. I have asked Mayor Lansford about his vision for our downtown. The "increasing" numbers that he recently talked about further indicates that I should not trust what he says.
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