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The Defiant Goldfish: On the Market?
On New Year's Eve the guys trying to get the Defiant Goldfish off the ground posted a bit of bad news for anyone hoping to see the old Goldfish Tavern space open and operating again Just outside the gates to Point Defiance... Or maybe it's good news if you're looking for a new business venture? Either way, it sounds like the clock is ticking...
Dec 31st. Out of Time- Out of Money- Out of Options = Who’s Next?
Out of Luck? Nope. We didn’t have any to begin with
Every option is on the table.
The Defiant Goldfish is “For Sale”
The Defiant Goldfish Real Estate is “For Sale” (you can buy it from me and lease it back to us)
We will look at all business equity investment offers (partners)
We welcome any offer of a short term or long term loan
Any other helpful idea
I am not going to talk about the trials and tribulations of 2015. I am just giving a snapshot of The Defiant Goldfish as of the end of 2015. This is the how we enter 2016.
Corey and I are out of money, and apparently favors. So we do not know what our next move is. We need approximately $25,000 to finish construction. That number does not include any upgrades to the sidewalks, driveways and wheelchair ramps at the intersection that the city is requiring. We will need another $5,000 to $10,000 for opening inventory of food and beer, and another $5000 in operating capital to run the business.
We do not have these funds, and are sliding the business further into debt with every day we are not open. We have taken on several short term loans to bridge that gap, and the payments on those loans have started coming due. We are now in the position that we are missing payments to people that loaned us money because they either really want to see The Defiant Goldfish open, or really want to see Corey and I succeed. It is not fair to them for us to not seek EVERY option available to make this project work.
In the meantime, we will continue to work every day, with what we have, to get open.
January 1st. Payroll Due: $4,211
January 1st. Mortgage Payment Due $2,500
January 1st. Dec Mortgage Payment now 1 month past due- officially in default: $2,500
January 1st. Contractor Payment 23 days past due: $3,892.10
January 1st. Electrician Payment 24 days past due: $2,611.20
January 1st. Department of Ecology bill from June 30th fire 22 days past due: $8,475.56
January 1st. 12 month short term loans are now getting behind.
We need $50,000 to come current and get open
(we are not in the best of moods as you can guess, so please keep the negative, and the “you should have…” to a minimum.
Corey and I want to open, run, and retire from The Defiant Goldfish. If you want us to, and want to be part of it, let us know. If you have the money, but want to do it without us, let us know. You will know where to find us.
Anyone looking for a
challenge investment opportunity?
Previously from Exit133: Kickstarting the Defiant Goldfish.
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