Who ever thought Sear & Roebucks would go under? Moto use to be Sears where America Shops.
Sears could have been Amazon but they were unwilling to change.
Who ever thought Sear & Roebucks would go under? Moto use to be Sears where America Shops.
Sears could have been Amazon but they were unwilling to change.
Sears didn't have a clue about how to be Amazon.
Sears didn't have a clue about how to be Amazon.
Part of the problem is the commercial real state prices in So Cal. I heard Hard Times pays $15K+ per month for their lease. That's a huge nut to cover without a kitchen and bar.
Sears could have been Amazon but they were unwilling to change.
$180,000.00/year ouch.
It's not as bleak as it looks for Sears. They own billions of dollars worth of real estate free and clear, and the billionaire who took control of Sears years ago knows that. Somehow I think he will land on his feet after Sears closes all it's stores. All those huge lots in the heart of cities are each worth millions! Multiply that times a thousand and what have you got? Yes, I said Billions with a capital B!
I suspect he has placed the real estate/property into it's own corporation that is separate from the Sears company that sells merchandise. This way Sears stores can go bankrupt and he will still own all that land! It can be done legally, just ask The Donald.
A beer and wine license would have been enough to cover that. Too bad they never could get one. I remember speaking at the city council meeting on behalf of Hard Times when Chuck and Mike owned it. We were trying to get a beer and wine license and we got denied. The lady that owned the apartments directly behind was a very powerful figure in Bellflower who contributed to the campaigns of many of the council members. You know the name of this tune. We never had a chance.
Jeff Bey had every permit you could get regarding a poolroom. 24 four hour operation hard liquor license, entertainment license, you name it he had it and he packed it in.
The biggest problem pool has is attracting young players.
Once upon a time they did. Ever see a Sears catalog from way back? They were Amazon at one time. They just refused to digitize their business.
He lost his lease. Only thing he didn't have was ownership of the building. :smile:
Jay he leased in the basement but after the earthquake he had to leave that building at Western and Hollywood Blvd. and he assembled lots and built the new Hollywood Billiards, down Hollywood Blvd. by the 101 freeway.
He may a ton of money on the real estate. I believe you ran a pool tournament at the New Hollywood Billiards back in the day.
He operated that room from about 1998 maybe to about 2011.
...at the bare minimum, recover the tables and fix the damn A/C.
The AC is fixed, they just don't run it; most likely can't afford to run it.
Well when you pay rent your at the mercy of the owner of the building. Gentleman's son I know well had this antique mall in PHX on Indian School, his rent when he opened was $3,000.00 + per mo. But he attracted architects, designers, and collectors to the biz. Was going smoking hot until the landlord got greedy. Lease came up, and RENT was Tripled, because the land load wanted to be in on the action. Now the building sit empty, make zero sense, but that's how the world turns.
Sears could have been Amazon but they were unwilling to change.