RE: How to calculate the Price of restaurant
I don't know about "greedy" landlords. Last time I looked, this was a capitalist society, thank god, and sellers could ask what they wanted for their wares.
I've known a lot of restaurant owners, and a lot of landlords, and on the whole the landlords were much better businessmen, who could actually do the math to figure out what their best moves would be.
That being said, I hold no brief for landlords. A gentleman from whom I rented property killed me when I left, because there was a clause in the lease about security not being refundable if the rent had been in arrears for a certain period of time. So he held me to it, and it cost me about thirteen grand.
Now, given that he was an absolute lying piece of garbage all down the line, in the final analysis, whose fault was it? Mine. All mine. I even absolve my moronic ex-lawyer, who didn't pick this up. Why? Because I read the damn lease, and I didn't pick it up either. I was so anxious to get the space that I'm not sure I'd have noticed anything less glaring than a clause saying that my firstborn son would be held in escrow.
Never thought, old leftwinger that I am, that I'd be defending this. But as the ever-more-appealing HST said, "The buck stops here" and this is a sentiment that's almost extinct in our society.
You really gotta read what you sign, and understand what you read.
Sorry. I get carried away.