Lots of speculation on what happened today. My take is when Frank didn't get fully paid he placed a lien on Rocky's which was triggered by a rental agreement signed on Tuesday of this week. The deal with Rocky and a guy named Jason was he would rent the restaurant from Rocky and pay rent. Rocky would still own the property; just a normal sub lease.
What we know is Frank admits that today's action was his doing and I can't blame him for trying to get his money. What's sad is the workers at Rocky's are out of a job. They are very nice people who have worked for years at Jose O'Shay and now Rocky's.
I would be surprised if the property was sold without a lien on all assets, real or otherwise.Lots of speculation on what happened today. My take is when Frank didn't get fully paid he placed a lien on Rocky's which was triggered by a rental agreement signed on Tuesday of this week. The deal with Rocky and a guy named Jason was he would rent the restaurant from Rocky and pay rent. Rocky would still own the property; just a normal sub lease.
What we know is Frank admits that today's action was his doing and I can't blame him for trying to get his money. What's sad is the workers at Rocky's are out of a job. They are very nice people who have worked for years at Jose O'Shay and now Rocky's.
I would be surprised if the peoperty was sold without a lien on all assets, real or otherwise.
If you don't pay the note you foreclose, which looks like eviction.
I suspect Big Frank still has the assets, so he's not really screwed out of $200,000, unless the real property was not included in the deal.This guy screwed Big Frank out of $200,000 US. PERIOD................... Now he is paying..................
How did Jose's survive so long?This bar was/is a landmark in Cabarete, one of the first on the strip from what I recall. Sadly you could see by the lack of customers especially since the new changeover, that a problem was looming. This said, I would guess not many of those bars are making much if anything due to a short tourist season and stiff competition.
That certainly is sad news. I feel bad for all involved but especially the hard working employees there. Hopefully it will all get worked out and reopen again. It was a great placeLots of speculation on what happened today. My take is when Frank didn't get fully paid he placed a lien on Rocky's which was triggered by a rental agreement signed on Tuesday of this week. The deal with Rocky and a guy named Jason was he would rent the restaurant from Rocky and pay rent. Rocky would still own the property; just a normal sub lease.
What we know is Frank admits that today's action was his doing and I can't blame him for trying to get his money. What's sad is the workers at Rocky's are out of a job. They are very nice people who have worked for years at Jose O'Shay and now Rocky's.
How did Jose's survive so long?
I understood this Rocky guy had great success elsewhere...Big difference between Frank and this bum...................
I understood this Rocky guy had great success elsewhere...
How did Jose's survive so long?
He had none of that here. He was in Connecticut with very high prices. He tried it here and crapped out.
Jose O Shay's was losing clients mainly because of high prices compared to other places on the beach. I think Big Frank saw what was coming and did the intelligent thing, getting out before it was too late. The new guy spent a fortune on refurbishing everything, lost some of the old atmosphere, maintained the high prices, and in recent times clients have been few and far between.
The other Frank who worked there, a regular contributor here, will surely find his services in demand elsewhere.
North Coast Syndrome?To be fair, it wasn't just O Shay's that was losing customers. Almost all of Cabarete has experienced a decreasing amount of tourists in the last few years. Big Frank saw the trend and got out when he had the chance.