Re: That bitch is charging too much for dances!! The NERVE!!!
Quote:
Originally Posted by
Tina
You can use revolving lines of credit, ie credit cards issued to one of the divisions of the parent corp to pay for the venture. Of course it depends on the purchase price of the club, but several million dollars is very attainable. I was taught to never personally guarantee anything, and different banks have different policies on credit granting.
You can never go to a bank to get a business loan to purchase a club, but I am being taught to not do that for ANYTHING. Get revolving accounts, and use them to buy your real estate. Vendors will extend credit if you have a good credit rating.
You're obviously asking the right questions, and if the answers you are getting are that positive, then that is great. I think I would like to go to a dancer-managed club -- it just strikes me as likely to be more sane. I wonder if it would make a difference to other customers?
Re: That bitch is charging too much for dances!! The NERVE!!!
Club 91 in Pocatello, ID, is owned and managed by Evelyn, a former dancer. Every dancer I've ever talked with about it has told me how much they like dancing there, and there are always lots of customers, even on week nights.
Re: That bitch is charging too much for dances!! The NERVE!!!
This is a really fascinating thread. My grandparents owned a strip club back in the 80s and now I can only imagine the sort of crap they had to go through to do it. I think I've learned more about business on SW than I ever did in economics class or really anywhere. And it's not suprising to me that half the clubs I've danced at are gone or bought out-I don't think the owners knew half as much about the actual business than you ladies.
I hope someone does buy up a club and makes it a good SW-friendly one! I would brave 'It's a dry heat' for it.
Rose Leigh
Re: That bitch is charging too much for dances!! The NERVE!!!
Can I ask why you would want to use debt that's financed at credit card rates? I know diddly squat about starting and running a business, but the more I learn about that kind of financing on a personal level, the more I see it as a deep pit that's hard to climb out of. Would it be possible to find an angel investor? Perhaps calling out, "Here, Angel! Here, Angel!"?? :D
-Ev
Re: That bitch is charging too much for dances!! The NERVE!!!
Angel investors aren't such a great deal IMO. They often (maybe always) want some control over running the business and frankly I'd rather avoid that. The fact they have some money to throw around doesn't always mean they know wtf they're doing in YOUR business, or that you'd want to put up with them even if they did.