Iconic Wall Street restaurant owner says opening business in today’s market would have been ‘impossible'

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

MISSION 'IMPOSSIBLE': Why iconic Wall Street restaurant owner says starting out today is tougher than ever

Restaurateur Harry Poulakakos reflects on his time in the restaurant business and how the U.S.’s recent economic issues have impacted the industry on ‘Mornings with Maria.’reflected on his 50 years as a successful business Friday, saying that starting his restaurant in today's challenging economy would be "impossible."

"I started my business with $52,000, me and my wife. And that's ultimately what we had. And about four weeks later, I couldn't make my payroll and I had to borrow $5,000 to make my payroll. But that's the last $5,000 I borrowed in my business. I paid back my brother-in-law, and I never had to borrow money again.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

He said “ grab ankles and hold on”. Demoncrats in the way!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in US

United States United States Latest News, United States United States Headlines