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March 17, 2008

Broken Gas Line

My former whelmer stopped by the other day. I had been preparing for this as I knew he wasn't having such a great time at his new job. Well, he might have been having a great time, but his paychecks were bouncing.

He's working on a beautiful piece of property. It should be the crown jewel of our area. Thirty seven acres of ocean frontage, great views from the dining room and bar, lots of guest cottages. The newish owners had hired an out of the area property management company with properties all over Southeast Asia, who promised them great things. They had a transfer policy that was the tipping point for the whelmer. He was hoping to work in or at least visit Vietnam or Thailand after a year or so.

They were targeting high end guests, trying to get $600 a night for the rooms. The problem is, they hadn't finished upgrading the rooms, they didn't put money into the spa, and the staff...The staff, at least in the restaurant, was every whelmer in the county. Every alcoholic bar manager, every lazy cook, every barely functional waiter wound up there. The management company pulled out. Another one took its place and lasted only a few days, maybe a week. Then the paychecks started bouncing.

Saturday afternoon the whelmer stopped by, wanting know if I knew of anyone who was looking for help because here it was Saturday night and he was off. They had closed the restaurant and canceled the reservations due to a "broken gas line", i.e. they hadn't paid their propane bill and their 4000 gallon tank ran dry at breakfast that morning. Ouch.

The place is for sale for $50 million. Any takers?

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Comments

Sure, let me get my check book ...

Biggles beat me to it.

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