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Article: Desperate Georgia restaurant owner: nearly wiped out by new freeway exit's re-routing of traffic and partner's demand to be bought out--avoids bankruptcy by the skin of his teeth. His 'discovery' could be just the breakthrough you need too.... To turn an ordinary restaurant into an extraordinary success or to rescue a restaurant that's suffering. Read on ...
- Article from:
- Restaurants & Institutions
- Article date:
- October 15, 2003
CopyrightCOPYRIGHT 2003 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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My name is Salem Suber, and I was that "desperate Georgia restaurant owner."
There's a very happy ending to my story, but for a while things looked very grim. In 1999, I owned part of a thriving, growing restaurant with sales well over $100,000 a month. In January of 2000, sales plummeted to $80,000.00, and next month promised to be worse.
Here's what happened, and here's how much trouble I was in: Our 300 seat restaurant was in a semi-rural area with no competition. But all in one year, a new exit was cut into the highway about ten miles before you got to us, and a Home Depot, Wal-Mart, a 15-theater Cineplex and TWENTY-TWO different chain restaurants ...