Bread Stuy Seized By Feds
Bad news Bed Stuy. Neighborhood fave Bread Stuy has run into trouble: According to the tipster who sent in this photo, the cafe was shuttered today and slapped with a large “Seized” sticker. The reason, according to what was posted in the window, has something to do with taxes. Very sad. GMAP
Bad news Bed Stuy. Neighborhood fave Bread Stuy has run into trouble: According to the tipster who sent in this photo, the cafe was shuttered today and slapped with a large “Seized” sticker. The reason, according to what was posted in the window, has something to do with taxes. Very sad. GMAP
Benson, how about innocent until proven guilty? NOBODY here knows what their tax problems are, and certainly don’t know that they are “tax cheats”. Assuming a lot, aren’t you?
and another perfect example of why you have so little credibility with me benson. You think you know everything, you judge everything by your own experiences and you see everything in black and white. Sorry- I need more facts before I condemn someone and call him a tax cheat. I’m not so psychologically rigid that I feel the need to look down on everybody else. You don’t know the people from Bread-Stuy, you know nothing about their business or even why they fell behind. For all you know there could have been catastrophic illness in the family, a bad divorce- many things. I guess it’s much easier for you to point fingers and call names.
Dave, in an ideal world, adequate capital is a great thing, but for most small business owners, it just isn’t possible, unless you are able to get some deep pockets to invest. And for most of us, those people are hard to find, or even impossible to find. Sometimes people have just enough money to secure the space, the equipment and go for it, because the need and customer base is there, and they have a dream. They are not setting out to defraud anyone, or “disgracefully” not pay their taxes. Speaking of which, business owners far richer, and far bigger than one small coffee shop have been in tax trouble, and people don’t dump on them the way they have been dumping on this owner. Tax problems can happen to anyone. We don’t know what their tax problems are. They may well have been paying for years, thinking they were fine, and got audited, or hit for taxes they didn’t know about. Happens to businesses all the time.
rob – coffee, cakes, muffins, a few pressed sandwiches, tea and loafs – like carrot or raisen/nut.
finance guy – thank you! they were jacking the ‘hood with prices and crazy rules – like ‘you can’t combine coffee cards!’ – what is that? Karma – that’s what it is…
sorry MM – but that’s the way i feel – i stopped patronizing them well over a year ago maybe even two now.
support Common Grounds Coffee Shop – Marcy (Jefferson & Putnam)
rob may be right that it everyone followed the rule of thumb described by DIBS, no one would ever open a business. OTOH, that may also explain why a lot of small businesses fail in the first few years — it’s very hard to build up those reserves.
Bxgrl;
My brother-in-law, who doesn’t have very high educational credentials, worked many years in various positions of modest income. He saved and saved his money so that one day he could realize his dream of opening his own jewelry store.
Four years ago, he realized his dream, and opened his own shop. For three years he was fairly successful AND he paid his taxes. When the recession hit, he was wiped out and had to shut down his business. He is shattered: all his years of sacrifice, down the toilet. He took this big hit like a man: holding his chin up and not running around crying for fundraisers
He gets my sympathy – not a tax cheat.
I’m sure most people are, Arkady and Dave. And I kknow small business owners who have started off with everything in place and then stuff happens. It’s not like they can control everything in life. Bread Stuy cold have started out strong and with the economy and all, they start losing money. I just found the nastiness (implying they’re thieves) and assumptions that they didn’t know what they were doing,a little surprising- especially coming from finance and corporate guys (let’s talk about the recession here while we’re at it). I’m a firm believer in “there but for fortune.” You can be prepared as all get out, and then life throws a wrench in the works- and this I learned first hand.
quote:
You shouldn’t open a business without enough money to cover about 2 years of losses
LOL x 5000 dave!!! wtf? tht is absurd. so on that respect im going to agree with MM that if that were the case, NO BUSINESSES WOULD EVER OPEN! or at least no new and innovative one.
TWO YEARS of capital!? whaaaa? if you have two years worth of the money youd make in a business, why even work then?
*rob*
> You shouldn’t open a business without enough money to cover
> about 2 years of losses
In theory, yes. In practice, you would have almost no new businesses open.