Canon Shooter
Diamond Member
- Jan 7, 2020
- 17,673
- 14,519
How will they open up then? No money, stock went bad, rent overdue..supply chains broken.
It just does not work like that.
But it can.
As this all started I went and emptied two of my bank accounts. As a result, I've got about $60K in cash in my home safe, and many of these bar owners have a Hell of lot more money than me. Also, many of them own the property. But that's hardly a panacea. One friend of mine owns a very popular biker bar here. The place is a dive but it's packed seven days a week. It makes money and Chris, the owner, puts that money back into the bar after she pays herself.
Well, her revenue has completely evaporated. There's nothing coming in, and there's not a lot left in the bank. As a result, she's now looking at closing her doors. Not only is her bar not making money, but she isn't, either. She's now not able to pay herself. She's filed for unemployment, but that's going to be a fraction of what she's used to.
On the flip side, the owner of the single most successful bar this town has ever seen has the resources to do renovations and pay her employees during the shutdown. Her bar is an absolute gold mine.
So, yeah, no two situations are alike. Some will reopen, some will not...