Rock Bottom Brewery tries to hang onto downtown lease
By Kathleen McLaughlin
Indianapolis Business Journal / IBJ.com
November 3, 2010
Landlord John Goodman wants Rock Bottom Brewery out of its West Washington Street location in downtown Indianapolis by next June.
Goodman recently rejected the restaurant's attempt to renew its lease for five more years. Rock Bottom, part of the Colorado-based chain, has occupied 14,600 square feet at 10 W. Washington St. since June 1, 1996.
The renewal notice was invalid, he said in an Oct. 8 Marion Superior Court filing, because it didn't come from the proper entity, which is named tenant Walnut Brewery Inc., and wasn't delivered by the U.S. Postal Service.
"It is unusual," said John Buerge, director of development and property management for Rock Bottom Restaurants Inc. in Louisville, Colo. "I think this is more he wants the space back for whatever reason."
Buerge insists that Rock Bottom's notice was adequate because it arrived via overnight delivery from UPS and required a signature. Similar cases in other states have been resolved in the tenant's favor, he said. Rock Bottom filed a notice to have the case moved to U.S. District Court of Southern Indiana.
To read the full article... click here.
Tuesday, November 30, 2010
Want to Buy a Franchise? The Requirements Went Up
Some chains demand more experience - and more cash - from buyers
By Emily Maltby
The Wall Street Journal - Small Business Online
November 15, 2010
For entrepreneurs, it's getting tougher to get in on some franchises these days.
With the economy in the dumps, an array of franchisers are raising their standards for prospective buyers. They're demanding candidates to bring much more cash to the table, as well as a stronger track record of experience in the industry. In some cases, they're even inspecting the buyers' current operations to see just how well they're run.
Tactics for Tough Times
"The margin for error in a down economy is less," says Darrell Johnson, chief executive of franchise research-and-consulting firm FRANdata in Arlington, VA. "In a good economy, when you are struggling and learning on the job there is more margin for error because the economy is helping you along."
To read the full article... click here.
By Emily Maltby
The Wall Street Journal - Small Business Online
November 15, 2010
For entrepreneurs, it's getting tougher to get in on some franchises these days.
With the economy in the dumps, an array of franchisers are raising their standards for prospective buyers. They're demanding candidates to bring much more cash to the table, as well as a stronger track record of experience in the industry. In some cases, they're even inspecting the buyers' current operations to see just how well they're run.
Tactics for Tough Times
"The margin for error in a down economy is less," says Darrell Johnson, chief executive of franchise research-and-consulting firm FRANdata in Arlington, VA. "In a good economy, when you are struggling and learning on the job there is more margin for error because the economy is helping you along."
To read the full article... click here.
Monday, November 29, 2010
SBA Program Provides Women-Owned Businesses Greater Access to Government Contracts
The Small Business Administration's Women's Procurement Program Rule could provide easier access to $500 billion worth of feral contracting opportunities.
By Julia L. Rogers
10/26, AOL Small Business Online
After being stalled for nearly 11 years, the Small Business Administration's Women's Procurement Program Rule was put into effect earlier this month - potentially providing easier access to $500 billion worth of federal contracting opportunities for women-owned businesses.
The new rule dictates that women-owned businesses must account for 5 percent of government contracts, up from the current 3.4 percent. Eligible businesses must be at least 51 percent owned and controlled by women who are U.S. citizens, to enjoy deals up to $3 million in many industries and up to $5 million in the manufacturing sector.
To read the full article... click here.
By Julia L. Rogers
10/26, AOL Small Business Online
After being stalled for nearly 11 years, the Small Business Administration's Women's Procurement Program Rule was put into effect earlier this month - potentially providing easier access to $500 billion worth of federal contracting opportunities for women-owned businesses.
The new rule dictates that women-owned businesses must account for 5 percent of government contracts, up from the current 3.4 percent. Eligible businesses must be at least 51 percent owned and controlled by women who are U.S. citizens, to enjoy deals up to $3 million in many industries and up to $5 million in the manufacturing sector.
To read the full article... click here.
Check out this interesting marketing technique...
WEB REVIEW: With Groupon and its ilk, daily deals drive demand
By Jim Cota
IBJ.com
October 30, 2010
A few months ago, something interesting happened.
A small company in Chicago called Groupon sent out an e-mail offering to sell a Gap gift card with a $50 value for $25. It was part of a marketing campaign - fully endorsed by Gap, by the way - to test the waters with a national campaign of this type. With no prior frame of reference, neither Groupon nor Gap had any idea what to expect, but I think it's fair to assume the results exceeded their wildest aspirations...
To read the full article... click here.
By Jim Cota
IBJ.com
October 30, 2010
A few months ago, something interesting happened.
A small company in Chicago called Groupon sent out an e-mail offering to sell a Gap gift card with a $50 value for $25. It was part of a marketing campaign - fully endorsed by Gap, by the way - to test the waters with a national campaign of this type. With no prior frame of reference, neither Groupon nor Gap had any idea what to expect, but I think it's fair to assume the results exceeded their wildest aspirations...
To read the full article... click here.
Thursday, November 18, 2010
Check out... Businesses Put Up for Sale Smack Into Harsh Reality
By Sarah E. Needleman
Wall Street Journal (WSJ.com)
October 14, 2010
Small-business owners banking on a big payoff when they sell their establishments may have to settle for a lot less than planned.
A combination of tight credit, skittish buyers and business owners unwilling to sell at rock-bottom prices - factors similarly affecting home sellers - has left the small-business marketplace at a standstill.
David Wetzel says he spent two years trying to sell his business, Dorst Hardware, a Ventnor City, N.J., shop he's owned since 1993. He's now liquidating the business and expects to earn only about a third of his asking price. "I had some very close leads who wanted to buy, but they could just not get the financing," says Mr. Wetzel, who is 64 years old.
to read the full article... click here.
Wall Street Journal (WSJ.com)
October 14, 2010
Small-business owners banking on a big payoff when they sell their establishments may have to settle for a lot less than planned.
A combination of tight credit, skittish buyers and business owners unwilling to sell at rock-bottom prices - factors similarly affecting home sellers - has left the small-business marketplace at a standstill.
David Wetzel says he spent two years trying to sell his business, Dorst Hardware, a Ventnor City, N.J., shop he's owned since 1993. He's now liquidating the business and expects to earn only about a third of his asking price. "I had some very close leads who wanted to buy, but they could just not get the financing," says Mr. Wetzel, who is 64 years old.
to read the full article... click here.
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