GCrites

Matt the Miller’s owner wants to walk away from Cincinnati-area restaurant Matt the Miller's is seeking an exit from one of its Cincinnati restaurants. The Dublin-based restaurant brand is being sued in the Hamilton County Court of Common Pleas for not paying rent for its Kenwood Collection location. Kenwood Collection Retail is looking to recover all past due rent and other charges under the 10-year lease, totaling more than $129,000, and to immediately collect all rent that will become due during the remainder of the lease term, totaling more than $2.4 million. Craig Barnum, CLB Restaurants Holdings LLC president and managing partner, said his attorneys are working on a response to the complaint. He said he is hopeful to figure out a mutually agreeable way to exit the location. “I hope they come to the table and work with us and move on,” Barnum told me. “Unfortunately businesses fail. We gave it our best shot there. It’s just time to move on.” https://www.bizjournals.com/columbus/news/2020/07/08/matt-the-millers-owner-responds-to-lawsuit.html?ana=e_ae_prem&j=90518179&t=Afternoon&mkt_tok=eyJpIjoiTWpCa1l6Um1ZVGxpTkRObSIsInQiOiJHb2ZVUzV0SEF4QXE4U1d6K2R1WXAzTDRzc0NqTzJFaTA4aHExckZrVmlDbDJGbXBSMUpENUJYclA5SXVNMGp3eFhaNCtnQUhUREV3K2lpY3ZXTWF3KzRLa1pXa1lTaDhmU1J1Tlo0YWlxNERjMjZ5VEdwTldiaTdBUUpqSTdvSnc2dHJuXC8xazU4OTFrN1ZuVUhMQ1FnPT0ifQ%3D%3D

I've been working on cars all my life, and most people aren't really suited to fixing their own car even with liberal amounts of YouTube, Chilton, Haynes and advice from the parts store. I have a hard enough time with it even with my own garage, decades of experience on a hobbyist level, thousands of dollars in tools, three years on a local NASCAR team and membership on 5 automotive forums.

Something similar went on down Goodale Ave. in Columbus all the way until the circus did away with the animal acts in the late 2000s.

^Groveport refuses to annex any single-family lot over 1/2 acre due to the vampiritic effects of too-large lot sizes on municipalities. Of course if a really expensive house goes up it's not so bad, but that's not the kind of houses that go up here.

Really very little additional residential sprawl since the 2008 crash. Some in Lewis Center.

That and a lot of people who aren't sprawl-worshippers know that crowds rather than density are what spreads the virus. Otherwise Taiwan wouldn't be at 7 deaths and cases wouldn't have been far worse in NYC's "sprawl" rather than its densest areas.

People have no idea that increased revenue/demand has a possibility of making profitability lower. If a company is losing money on each transaction or each transaction in a particular business unit increased revenue/demand is going to decrease profit unless a company is lurking just below the tipping point of increasing profitability and the increased revenue/demand is going to push it into the profit zone. Many companies big and small deal with this all the time, including my own. There was one low-margin product that we added in 2017 that turbocharged our sales on release dates but threw us into a tailspin of debt that we only recently were able to start recovering from. If we were selling 10X as much of it it would have only made things worse. If we were able to sell 100-1000X of it then it would have increased profit a decent amount, but we would still have become cash-poor for the period until it was almost all gone and unable to engage with our more-profitable lines properly. A small amount of that product still remains in our inventory nearly 3 years later and customers shrug when they see it. I needed it to all be gone in less than 8 months rather than 3 years. Losses from inventory are not treated nearly as favorably by the IRS as losses from operations -- especially payroll, which of course the IRS loves.

Plus you can shove the paper in their face (with highlighter)

^Re: the name: "Ultimately, Quibi won the day. “They never asked staff to weigh in on it,” this person says. “People on staff thought it was cringey and would ask, ‘Is it too late to change it?’ Meg loved it.” Though arguably no sillier-sounding than Hulu, Quibi would be roundly mocked by people who thought it sounded like a “quinoa-based doggy snack” or “the cry of an attacking Ewok.”

Somebody needs to do a better job of selling us on why this is actually necessary. I suppose it makes it easier to add storefronts, but with DT's 30-minute lunch rules and the banks themselves unwilling to fund mixed-use due to lack of demand for storefronts it seems like it won't be fully realized. I wish that wasn't the case.

A lot more people live close to the restaurants, they don't have to compete with "outerbelt food" (since there isn't any), you build it once and don't have to remodel a million times. Seems like every restaurant in the U.S. has to come with upper six- or seven-figure buildout costs.

Constant remodeling is another bill that wasn't as burdensome until the late '90s. Before then, you ate in restaurants that hadn't been remodeled since the '50s-'60s-'70s all the time. A lot of times you barely noticed unless the place was especially loud inside, like it looked like it belonged on the set of Laugh-In or something.

I'm going to post this article a few times whenever its appropriate whether virus- or non-virus-related. This restaurateur has some really good insights as to why so many restaurants open and why so many close these days: the prices are too low. Back in the '50s and before did you hear about as many flash-in-the-pan situations? I'm not sure; I wasn't there. 'THE MODEL IS BROKEN' Having grown frustrated with the business model of the restaurant industry, Ambrose & Eve’s Matthew Heaggans says he needs to make a fresh start of things... ...“I want to reassess how I think a restaurant can operate,” he said. “I want to advocate for change. “We’ve had 60 years of pricing ourselves to the bottom, but this is the type of thing that if a majority of restaurants don’t do it, it’s going to fail.” High-powered celebrity chefs including Tom Colicchio and David Chang are among those that have been vocal about these issues in the past few months. Even Chang is closing multiple restaurants. “We don’t pay (workers) enough because we don’t charge enough,” Heaggans said. “Other businesses adjust for inflation and overhead, but restaurants don’t work that way. We don’t charge what we’re worth.” Randazzo also said she supports the concept. “Price structures have to increase,” she said. https://www.bizjournals.com/columbus/news/2020/05/28/the-model-is-broken.html

In the land of Mickey the players don't have to pay city or state income taxes.

People don't go that in depth with things when they invest. They think: "Hmm, revenue is high. Buy." "This product has a large user base. Buy." "Demand is going to increase for this product or service. Buy." "Tech. Buy."

Le Chong

It's like how there were a bazillion different carmakers in the U.S. before the Depression.

It will be interesting to see what products/services from the virus will be tossed away like Y2K kits or the special purple and orange 3D glasses from Super Bowl XXIII and what will continue to chug on afterward.

^Not just our city, the entire American culture and business environment.

But Toyota isn't tech, bro

It's the Middle Side's East Side so to speak. Though Evendale (nearby) is somewhat similar.

What was this individual's expected payback period?

The escalator is probably gone, right?

Mature trees are still in short supply at UC so losing any is a bummer.

Everything up front needs to be faded.