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mrbowling300

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Reply with quote  #16 
Quote:
Originally Posted by Pullmyfinger
Assuming, of course, that the property was completely paid for. 


That's right.  Most likely, there was debt, which would reduce his proceeds, and would reduce his earnings.  Still, I would be surprised if he was fully leveraged.  He should be able to survive and make more from the earnings than the golf/bowling/hotel business combined.
avabob

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Reply with quote  #17 
Totally different economic environment, but the same thing has caused centers out in Seattle to close in droves over the past 15 years.  Even profitable centers cant make a return close to what the real estate is worth in many situations. 
Fordman

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Reply with quote  #18 
My friend also a center owner said that he heard they got 17 mil.  He said the owner was a really nice guy and he wished him the best.  He said maybe it will help Pampa who need it.  He said if the guy tries to open another center he is nuts,  take the money and run...
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Pullmyfinger

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Reply with quote  #19 
It's coming down today. [bawl]

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Fordman

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Reply with quote  #20 
That sucks!
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hailmaizeandblue

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Reply with quote  #21 
Great, great memories at The Brook! Sad to see it officially gone now.

With that being said, I will happily bowl wherever Randy and Cheryl Shank own the establishment, world class owners and they care about their bowlers!
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