So...What's the deal with Redfish Village???

[30ashopper]

I drove through there today. Once vibrant, it is now a ghost town.....hopefully, it will turn for them soon.

Nice to have you in the neighborhood..

 

[Matt J]

From what I've been able to follow, the commercial units were priced so high when they were finished at the peak of the boom that it was effectively impossible for a retail/food business to buy one and end up cashflow positive at the end of the month.

I remember someone here doing a show of the numbers on just how many cups of coffee that coffee shop that had been there would have had to been selling to make rent/mortgage, and it was just stupidly high compared to the traffic you would have expected for that space.

Assuming that you are going to be cash flow positive in the first 12 months of business is usually a good showing that you won't make it that long.

Every time I think of PJ's I have to giggle since it was partly owned by one of our, now gone, real estate nay sayers.