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Would you consider putting up $5k to buy a bar?

Would you consider putting up $5,000 to buy a bar? I'm thinking that we've got a great bunch of people in BOOZE CLUB - Baltimore. What would happen if 50 of us put up $5,000 each (all equal members) and we purchased a bar? We could spend up to $200,000 cash for the place and still have $50,000 left over for operating expenses or improvements. We could improve the business and sell it, or simply keep it and get a good return on our investment. Hey, at $200,000, it would only have to produce $25,000 profit per year to yield 10% on our money. My guess is we could do better than that. What do you say? Oh, I forgot to mention that it would be mandatory for us to have an outside accounting firm chosen by the group and a management/bar staff chosen by the group as well.

  • 13 votes (34%)
  • 22 votes (58%)
  • 3 votes (8%)

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Poll created on February 9, 2009

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