Business taxes are high and competition is fierce. Many small
business dreams are CRUSHED here. "If you can make it in Michigan,
you can make it anywhere!" Figures are best estimates.
When you add costs like Heat/ Water/ Electric/ Insurances~Liability
and Fire, Legal, book keeping, building upkeep and the big
cost~~employee wages. (NOT shown here.) You can see how tough it is
to do business here.
The Olympic Lanes:
Small Mom Pop Bowling Alley. The business had a lounge, arcade, and
arena. Building size was 32,000 Square Feet on 8 acres of land.
Heating costs were huge here. Closed due to declining sales because
of changing customer demographics and the bowling sport decline in
general. Young people play X- Box, video games, computer games and
soccer! They do not go out a bowl a game or two like their parents
did!
Losses mounted and the owners lost their savings. Their life dream
was to own a fun quality bowling alley.
Business Life: 31 years
Closed 3 Years Ago
Employed: 16
Estimated Annual Sales: $2,020,000.00 Best year many years ago!.
Last year open: $31,000.00 in sales.
Property Taxes: $21,000.00
Sales Taxes: $61,000
Unemployment/ Soc Security/ Workers Comp Taxes:$39,0000
MI Small Business Taxes (SBT): $35,000.00
Federal Taxes: $52,000.00
Michigan Tax: $24,500.00
Cache is a small Lock N Lock with small trade items and a log to
sign.
You must sign the log for credit on this cache. The first three
finders will have their names listed here as Fastest Cachers in
this Region!
- First To Find: jeepgrls, 11/26/2011, 330 Finds!
- Second To Find: SparyParty, 11/26/2011, 211 Finds!
- Third To Find: NuOne, 11/26/2011, 126 Finds!