So Worth It? You Decide.

I was drinking freshly brewed beers with my friend Charles at Uncle Billy's, and this conversation was inspired.

Wonder why there's so much turnover in bars along 6th St. (or wherever)? Here's the secret.

With $250K, you can buy a shutdown quick, and renovate, and hire. Over the next 12 months, you should average $3000 a night in liquor sales. That's a million and 95,000 dollars.

Let's say you repaid $250K in loans, and spent $250K that year in costs and paychecks. Let's say you also had $100,000 in additional taxes and costs. And, to be conservative, let's tack on another $100,000 miscellaneous financial burdens.

That still leaves you over a third of a million dollars. Frankly, I wouldn't do it for much less. It's too goddang hard.

But that gives you an idea of why bars appear and disappear like whack-a-moles. Nice cashout, for a year's worth of work.