Businesses come and go. Some succeeded and expanded, producing notorious magnates and employing thousands of people. There were also some who were unlucky enough not to survive the hard times.
But it is always worth thinking positive. Like the rise of a new food establishment in Paradise Valley.
There’s steamy new excitement when a new barbecue spot opens in downtown Paradise Valley. The 4,000-square-foot restaurant, Smokehouse Barbecue, will open soon at 1407 Randolph in Paradise Valley after the Downtown Detroit Development Authority approved the seven-year lease.
With the tagline “Home of the $10 Slab,” this new barbecue joint garnered a lot of anticipation among residents. The restaurant offers casual dining, nothing fancy or intimidating. This is a cozy place for a family or friends gathering, as well as a perfect place for a moment of “eating out”.
With the current difficult economic situation, there were concerns that the restaurant could survive in the market. The DDA offered incentives such as free rent for six months and a $150,000 discount on expenses for his building.
DDA board member Ted Gatzaros said the board’s mission is to maintain restaurants in the downtown Detroit areas. Some companies may find it quite challenging to maintain and maintain their place in the market in the current economic climate.
The same week the approval was announced, Frank Taylor also closed his Detroit Fish Market in Paradise Valley.
Just as it is an excitement for people to have a new place to dine, it is also equivalent to anxiety for businessmen. Although the recently approved steakhouse that will soon open is an indication that there are still some who have faith in the economy, they cannot deny the fact that they may be taking considerable risks with their investments.
However, brave are those who took the risk. People would like to see a new place open despite the closure of others. If the business is strong enough, it will be able to withstand the test of financial uncertainties.
Sometimes having and losing a business becomes a vicious cycle. Some people think that owning a business is the best way to invest. This may be true because several people have become rich from their businesses. But there are also some who invested so much, and yet got lost and drowned in debts they could hardly pay.
Thinking on the positive side of things will help the spirit of a businessman. The Smokehouse Barbecue bet is one of the proofs that there are still people willing to take risks and, hopefully, get paid in the end.
Paradise Valley Real Estate should support this venture. A food business never gets old, as people will always need to eat. People looking for homes for sale in Paradise Valley may also find that the area is right for their taste, as well as how barbecue is right for their taste.