Chad Griffiths

@jcole4848 This is the best thing I’ve read in a long time 🤣🤣

@ChadGriffiths “So why is this rate 20% above the rest of them??” “It’s a new trend driven by scarcity and strategic location, totally irreplaceable class B industrial 20 mins outside of town”

How long do you give this new business before it’s converted back into industrial space?

@ShrtWhisperRoad I would pay good money to see the financials after 1 year of business (if it makes it that long)

@ChadGriffiths or youth sports (4 desks in their office for youth sports) one for the business. Own the a business so they can spend 20 hours a week at an animal shelter. Or almost no profit but high standard of living from credit card points. Who knows...

@RealtorMambuca Might wait to see if I can get it on sale in 6 months 🤣

@ChadGriffiths Hey, u can even invest early!!! Who knows

@RealtorMambuca I drive by this daily so I'll be keep an eye on it (who knows I may even grip rip and sip there one day)

@ChadGriffiths I mean, they are always full!! I don't think it will fold...depends on the location...

@ShrtWhisperRoad Indoor golf simulators is far from my area of expertise but it seems like exposure would be worth paying for

@ChadGriffiths Ah 10-4 lower overhead but less passive exposure...

@RealtorMambuca That had huge financial backing too

@ChadGriffiths Top Golf comes to mind

@Rickvp66 Or laundering $, that could be a viable angle

@ChadGriffiths It may be a license to print$. I go to my local guy twice a week. He’s in industrial too.

@etowner5 Adding the Sip might be the trifecta

@ChadGriffiths Bro, don't doubt Grip & Rip

@Heyyouguyschunk Couldn’t agree more

@ChadGriffiths Just had a conversation about one of these popping up by the office. The last thing I want to look at is another screen. Give me the outdoors.

@DocFintech 99% failure 100% of the time

@ChadGriffiths Turning your hobby into a business = 99% chance of failure

@jcole4848 Principal: "we need this deal to pencil!" Analyst:

@ChadGriffiths An analyst 6000 miles away is using this lease comp to underwrite a traditional industrial development

@ShrtWhisperRoad Yes and yes but there are already 2 identical businesses within 1 mile and this is in the middle of an industrial park

@ChadGriffiths Is it in a market where you can't golf 8 months out of the year, and do they have a liquor license?

@danielcronauer Tiger Woods himself can't make indoor golf better than the real thing

@ChadGriffiths 6 months, summer time

@SleeveRollerBot Not a bad strategy!

@ChadGriffiths This is where you buy a big insurance policy with a ton of business interruption coverage and then pray for a catastrophic loss from fire, tornado or hurricane so you can protect your dignity and blame the shutdown on the catastrophe.

@WillmMelton I'm taking the under on that line!

@ChadGriffiths 15 months

@MariettaCRE It seems wild to me too. They often get a premium for it but they never last

@ChadGriffiths I just don’t understand the owners that think these are good ideas. There are industrial tenants out there.

@stltaper PUTT-POUR-METH

@ChadGriffiths 6 months. Maybe squeeze 6 more months if they have a successful side hustle selling party drugs.

@evanpalsson This is a brilliant synopsis of their business cycle

@ChadGriffiths 2 years First 6 months - set low prices, generate some buzz 6-12 months - raise prices to recoup losses, newness wanes out 12-18 months - denial sets in as nobody wants to pay high prices to drink and play fake golf 18-24 months - owner breaks as the banks start calling in loans

@cadre Funny enough this is in the middle of an industrial park and there are two other identical businesses within a block

@ChadGriffiths I maintain one of these with half golf simulators and the other half baseball/softball simulators, would be a gold mine. The only "sports" group who drinks more than golfers are softball guys.

@sellercarry I like that better than the RIP I was thinking 😆

@ChadGriffiths Grip it and rip it (the lease).