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Post by Deleted on Jan 27, 2009 15:52:07 GMT -6
Good luck getting a loan and then maintaining a business during our current economic slump.
Its an ugly world out there and its only going to get worse before it gets better.
I would wait 5 years if you want this to work.
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SRT4driver
Junior
We Are MILWAUKEE! And I'm all about accountability, unlike '5th Placer' Jeter apologists.
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Post by SRT4driver on Jan 27, 2009 17:53:26 GMT -6
this whole thing was just to see who is interested and what people could bring to the table to attempt to make this idea a reality, and once again ideas get shot down by a select group of people. Quoted for truth. Although most people in this thread do mean well.
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Post by brettpanther17 on Jan 27, 2009 17:53:34 GMT -6
is the campus area and north ave the same alderman? just out of curiosity, someone could renovate one of the north ave bars. But freak is right, this would be at least 5 years down the road given economic times, no bank will give a loan for a start up business right now anyways.
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fan
Sophomore
Don't shoot so much Tone.
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Post by fan on Jan 27, 2009 18:00:56 GMT -6
is the campus area and north ave the same alderman? just out of curiosity, someone could renovate one of the north ave bars. But freak is right, this would be at least 5 years down the road given economic times, no bank will give a loan for a start up business right now anyways. Its probably changed since 2007, but here's the 2007 version. www.ci.mil.wi.us/router.asp?docid=891
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Post by buppie05 on Jan 27, 2009 19:10:12 GMT -6
I have a means to raise funds for this idea. I oversee a fundraising campaign that will be fully operational in February. It is directly through the company I work for, and is not information I can divulge at this juncture publicly. But if anyone would like to know a few details just send me a message and I will gladly reply.
I don't know if this means of raising funds will be the answer to all of these issues, but start up money couldn't hurt. I wouldn't even mind meeting up with a few of you who are serious about doing this to go over potential ideas.
Being completely realistic, its very doable to generate a couple of hundred thousand. With enough effort, hitting a million dollars isn't out of the realm of possibilities.
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Post by Deleted on Jan 27, 2009 21:59:02 GMT -6
"a couple hundred dollars" "a million dollars" " is reasonable" Huh? One of Milwaukee's largest employers (and philanthropy) just closed a plant and laid off 1,000 employees. I am sorry, but this is not an environment to raise a million or even $100,000 -- especially not for a student bar on the East Side. Take a few years to develop your plan and then wait until the economy improves. You will probably see many small businesses going under in Milwaukee. Just take a look at the local icons that disappeared this last month. You don't want to invest and join the growing list of failing businesses.
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dutchpthr
Junior
ain't much if it ain't dutch
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Post by dutchpthr on Jan 28, 2009 8:44:17 GMT -6
this whole thing was just to see who is interested and what people could bring to the table to attempt to make this idea a reality, and once again ideas get shot down by a select group of people. Quoted for truth. Although most people in this thread do mean well. I really don't think that there are those who are deliberately trying to shoot the idea down, but the thing is these people know that it is not as easy to do what it is that you are trying to suggest around the UWM area. There have been many times in the past and a few different friends of mine even that have tried to do the same thing that you are suggesting and they were never even able to get the ball rolling due to the exact reasons that fan laid out earlier. As much as it would be great to have a UWM bar on the east side or near campus, I really think that it is damn near impossible to have happen, as stated I think that your best bet if you are going to look into this is to watch for something on either North Ave or Brady street, and for that you are going to have to hope that someone is in the market to sell their bar so that you can come in and take over and change the bar over as well. again it is not to be the bearer of bad news or anything intentional it is just letting those know that it is not just as easy as they may think to get this idea to become reality.
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Post by PantherLou on Jan 28, 2009 10:21:25 GMT -6
FWIW, I think Fan's idea of trying to take over the operation of the Gasthaus is the most sensible. I think there are a number of reasons why this could work:
1. Existing liquor license. it s MUCH easier to maintain an existing license than to obtain a new one.
2. Location. Not only do you have a fantastic location for students, you also have a location that is far less invasive to any neighbors.
3. Feasibility. I have no idea what type of fees that The Gasthaus pays to the Union. My guess, however, is that there is a LOT more revenue to be made there and the union could stand to see a marked improvement in the funding they get.
To do this, you should first find out what the contract is between the Gasthaus and the Union and/or the University. This should be public domain.
If the contract is long term, you may need to find a way to buy the Gasthaus out of it. If it is a shorter term, you can look to present a proposal to the Union for taking over management when that contract runs out.
Secondly, you must get funding. The days of getting substantial business loans without backing are probably gone - but that does NOT mean they are not possible.
Third, you must develop a solid plan. I think there are a number of people here who could and would be willing to help. I certainly would offer my advice if you are interested.
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Post by PantherLou on Jan 28, 2009 10:23:56 GMT -6
Good luck getting a loan and then maintaining a business during our current economic slump. Its an ugly world out there and its only going to get worse before it gets better. I would wait 5 years if you want this to work. Not every business is flailing. This woe-is-me attitude is a result of listening too much to the media and politicians. Economic slowdowns are often the BEST times to expand or start new businesses - as long as you use an intelligent model for what you are doing. There are opportunities out there. Don't let anyone tell you otherwise.
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fan
Sophomore
Don't shoot so much Tone.
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Post by fan on Jan 28, 2009 11:11:09 GMT -6
3. Feasibility. I have no idea what type of fees that The Gasthaus pays to the Union. My guess, however, is that there is a LOT more revenue to be made there and the union could stand to see a marked improvement in the funding they get. Is it possible that the Union doesn't rent it out, and that the Union itself governs it? I really have no idea. There certainly are plenty of people who would know that work in the Union. According to this article, the manager is UWM Dining Services. media.www.uwmleader.com/media/storage/paper980/news/2004/03/31/News/Black.Student.Union.Boycotts.Gasthaus.Demands.Apology-1986655.shtml There are other entities in the Union, such as the 8th Note, which are managed by students. In my search for information, I was reminded of the smoking ban. I'm not sure if its still in effect, but that might change the mind of someone looking to manage or take over the Gasthaus. I think buppie is the person most interested in this project and he doesn't seem like he's into the New Gasthaus idea.
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Post by pantherdon on Jan 28, 2009 11:37:11 GMT -6
The Gasthouse has got to be part of the Union. It would have gone out of business along time ago other wise.
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fan
Sophomore
Don't shoot so much Tone.
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Post by fan on Jan 28, 2009 15:32:34 GMT -6
There have been many times in the past and a few different friends of mine even that have tried to do the same thing that you are suggesting and they were never even able to get the ball rolling due to the exact reasons that fan laid out earlier. I think I remember this.
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Post by PantherLou on Jan 28, 2009 16:46:35 GMT -6
The Gasthouse has got to be part of the Union. If the Gastuas is indeed operated by the Union, then it is likely a break-even enterprise. And if this is the case, I can tell you that the Union would likely jump at any opportunity to lease the management to a private enterprise which would generate revenue. If you are serious about a Panther bar, I strongly encourage you to start here.
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Post by buppie05 on Jan 28, 2009 22:39:08 GMT -6
3. Feasibility. I have no idea what type of fees that The Gasthaus pays to the Union. My guess, however, is that there is a LOT more revenue to be made there and the union could stand to see a marked improvement in the funding they get. Is it possible that the Union doesn't rent it out, and that the Union itself governs it? I really have no idea. There certainly are plenty of people who would know that work in the Union. According to this article, the manager is UWM Dining Services. media.www.uwmleader.com/media/storage/paper980/news/2004/03/31/News/Black.Student.Union.Boycotts.Gasthaus.Demands.Apology-1986655.shtml There are other entities in the Union, such as the 8th Note, which are managed by students. In my search for information, I was reminded of the smoking ban. I'm not sure if its still in effect, but that might change the mind of someone looking to manage or take over the Gasthaus. I think buppie is the person most interested in this project and he doesn't seem like he's into the New Gasthaus idea. As lou pointed out, it would be a good place to start or at least an easy place to start, I just really don't like restrictions. I didn't live in the dorms ever and would never live in an apartment building and I kind of see this as a similar situation. The number one priority of course would be to promote panther basketball, and to give fans a place to congregate for any panther athletic event. Another big part would be a place where UWM people can be amongst UWM people. To keep the place open though, we would need a few freedoms that the gasthaus doesn't provide. Things like hours of operation, days of operation, noise level ect have a direct effect on profitability, and therefore I just don't see the gasthaus as a long term solution.
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Post by buppie05 on Jan 28, 2009 22:55:46 GMT -6
Ideally the new bar would go something like this..........
(This scenario takes place at halftime of a Butler game, 3 years from today) (A student stands at halfcourt, waiting to take a shot that wins him a free trip to Cancun)
From the PA announcer, "this halftime shot brought to you by the Panther Prowl Bar and eatery located off of North Ave, as always if the panthers win, all fans in attendance will receive a free drink, and all taps and appetizers will be half off for the remainder of the evening" " see you at the prowl panther fans"
Of course with a fan roar to end the announcement.
Maybe too lofty of a goal this early in the game, but I really see this as something that can help the program significantly, and if anyone can make it happen sooner than me, I will become your number one patron
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