Buy Online Advertising Space

My parents own a restaurant, but can’t keep it. What should we do?

two years ago my parents bought a small restaurant. they believed it was a good deal and investing our money in it would be wise. aside from the obvious lack of income because of the recession the Business has only been able to pay for itself. the contract increased the rent over one thousand in less then a year, and our rent is truly ridiculous, over 3,000 a month for a small space, 54 max occupancy. We have tried selling, but the landlord’s high rent and negative attitude brings down any potential buyers. We advertise at the college in front of us, but it does little to help, including online marketing. We are weeks away from declaring bankruptcy at this rate. Our contract is not over for 3 more years. We can’t continue paying for only employees, bills, and the rent leaving us only with less than a few hundred in earnings. What can we do?

You can discuss your situation with a Small Business Development Center or Score representative but let me tell you a cold hard fact.

Not every business is going to survive these hard economic times. Restaurants, a tough business even in the best of times, are going to be very hard hit, especially a relatively new restaurant which hasn’t established a long time clientele.

Sometimes business owners need to hear the darkest truth, that it is time to cut your loses and close the doors.

Buy advertising space