Denny’s franchised restaurants have an average of $1,424,000 in annual revenue.
Looking at Sun City Anthem through the eyes of its independent minded resident community.
Tuesday, June 26, 2018
Getting to Know You...Getting to Know All About You...Anthem Opinions Looking "Between the Lines"
Denny’s franchised restaurants have an average of $1,424,000 in annual revenue.
9 comments:
From Greg Taylor...to...Anthem Opinions
ReplyDelete
Sounds like a good choice but very bad negotiations in terms of the contract.
Why would we pay a businessman to do business in our facility?
Sounds like we are desperate for a vendor?
When are we going to get a board with knowledge and experience rather than amateurs throwing our money away?From Robert Latchford...to...Anthem Opinions
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If the average annual sales at a G2G Dennys is around $1.4 MILLION per year in hghi traffic locations open 24/7, anyone that tries to convince us that they could generate anywhere that volume in a location like the back of Anthem center is blowing smoke.
Sales less than that that provide us with "the center of a bagel" in rent, while we have to shell out who knows how much to them in whatever they can snooker our board out of.
The estimates of $250,000 were annum do not seem unrealistic providing no unexpected cost surfaces.
A processional property management firm would laugh them out of the building with such a proposal, but with our board and management team, who knows!Bob, anther terrific well thought out comment.
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And yes, there are MANY other costs that we have not discussed; namely the $43,000+ ovens just purchased WITHOUT EVEN HAVING A RENTAL AGREEMENT, as well as, the well-hidden true costs of the repairs that will have to be made as a result of past poor maintenance.
It has been said to to have restaurant, the costs of the repairs will be close to what was spent on the Anthem Center locker rooms (I believe between $400,000 and $500,000).
Without a restaurant, after speaking with a person who spent a career in the construction industry, all that would be needed in his words would be "to fill up the hole" with a cost only a fraction of the amount that a restaurant would bear.
Wait until tomorrow.
The information I've discovered will shed an entire new light on this restaurant situation...
...an even more convincing argument that this entire matter is completely LOSE-LOSE from everyone's standpoint.Patricia,
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Your sentiments are loudly being voiced amongst not only the Sun City Anthem community, but by every person I have spoken with that does not reside here.
Only only a complete fool would favor such a deal that would cause financial harm to a community...
...and we know that there are about 125 of them who attended a meeting whose only concern is THEMSELVES.
Those are the "takers" of society who believe everything is owed to them.From Barry Goldstein (former member of the Sun City Anthem Finance Committee)...to...Anthem Opinions
ReplyDelete
Dick, under NRS116, there is a part of Fiduciary Duty known as the Business Judgement Rule.
A guideline for the satisfaction of the business judgement rule is as follows:
1) Act in good faith
2) Act in the best interest of the corporation
3) Act on an informed basis
4) Not be wasteful
5) Not involve self interest (duty of loyalty concept)
Someone should be explaining to the community how the lease negotiated with G2G meets the smell test of this rule, especially 2 and 4.
Nowhere does this rule say we have to make it as easy as possible for a privately owned restaurant to succeed.From Kim Lord...to...Anthem Opinions
ReplyDelete
We are NOT HAPPY about the proposed restaurant.
If SCA wants to have a restaurant in that space we, THE HOMEOWNERS should not have to pay a penny for it!!
They don't have to pay rent?
Why didn't we have a chance to vote on it?????
Free rent?
Free equipment?
Free maintenance?
What???????
Who makes a deal like that???
That's absolutely outrageous and if our dues go up as a result, we will start thinking about moving to a place that is governed by people who have more than a 3rd grade education.
Sounds like a good choice but very bad negotiations in terms of the contract.
Why would we pay a businessman to do business in our facility?
Sounds like we are desperate for a vendor?
When are we going to get a board with knowledge and experience rather than amateurs throwing our money away?
Another give away by our board.
SCA must be out of their minds to except this NO FEE DEAL to a restaurant that will most likely not last too long.
If the average annual sales at a G2G Dennys is around $1.4 MILLION per year in hghi traffic locations open 24/7, anyone that tries to convince us that they could generate anywhere that volume in a location like the back of Anthem center is blowing smoke.
Sales less than that that provide us with "the center of a bagel" in rent, while we have to shell out who knows how much to them in whatever they can snooker our board out of.
The estimates of $250,000 were annum do not seem unrealistic providing no unexpected cost surfaces.
A processional property management firm would laugh them out of the building with such a proposal, but with our board and management team, who knows!
And yes, there are MANY other costs that we have not discussed; namely the $43,000+ ovens just purchased WITHOUT EVEN HAVING A RENTAL AGREEMENT, as well as, the well-hidden true costs of the repairs that will have to be made as a result of past poor maintenance.
It has been said to have restaurant, the costs of the repairs will be close to what was spent on the Anthem Center locker rooms (I believe between $400,000 and $500,000).
Without a restaurant, after speaking with a person who spent a career in the construction industry, all that would be needed in his words would be "to fill up the hole" at a cost only a fraction of the amount that a restaurant would bear.
Wait until tomorrow.
The information I've discovered will shed an entire new light on this restaurant situation...
...an even more convincing argument that this entire matter is completely LOSE-LOSE from everyone's standpoint.
Personally, I think leasing our space to any restaurant/coffee shop that requires no payment of rent and wants us to pay for expenses is NUTS!
Your sentiments are loudly being voiced amongst not only the Sun City Anthem community, but by every person I have spoken with that does not reside here.
Only only a complete fool would favor such a deal that would cause financial harm to a community...
...and we know that there are about 125 of them who attended a meeting whose only concern is THEMSELVES.
Those are the "takers" of society who believe everything is owed to them.
Dick, under NRS116, there is a part of Fiduciary Duty known as the Business Judgement Rule.
A guideline for the satisfaction of the business judgement rule is as follows:
1) Act in good faith
2) Act in the best interest of the corporation
3) Act on an informed basis
4) Not be wasteful
5) Not involve self interest (duty of loyalty concept)
Someone should be explaining to the community how the lease negotiated with G2G meets the smell test of this rule, especially 2 and 4.
Nowhere does this rule say we have to make it as easy as possible for a privately owned restaurant to succeed.
We are NOT HAPPY about the proposed restaurant.
If SCA wants to have a restaurant in that space we, THE HOMEOWNERS should not have to pay a penny for it!!
They don't have to pay rent?
Why didn't we have a chance to vote on it?????
Free rent?
Free equipment?
Free maintenance?
What???????
Who makes a deal like that???
That's absolutely outrageous and if our dues go up as a result, we will start thinking about moving to a place that is governed by people who have more than a 3rd grade education.