Do NOT Under Estimate…Posted by: Hank | Posted on: December 18, 2020
Cute but DEADLY!
Down in the south central Missouri town of Cedarville, stories abound about two young girls: Shelby Gore and Susie Wilson. It’s April 1988, these girls with one more investor, each are investing fifty million US dollars in a friend’s business. Questions quickly arise as to where can two teenage girls get this kind of money?
Their friend Kare-Ann Young started her business by setting up twelve area stores fifteen years earlier. She operates under the name of Young’s Family & Home Centers. One of these stores is here in Cedarville, one is eleven miles west in Simple City, one in Marshland, one in Lebanon, one in St. Roberts, one in Rolla, and two in Mtn. High. The other four are located in communities surrounding Springfield.
This week Young has the opportunity to add 12 supermarkets, 12 pharmacies, 14 hardware stores, and 13 auto-supply stores. These additional store chains have wholesale distribution to mom-and-pop stores in near-by smaller towns. This is a do it now or forget it situation. All the Springfield area stores are facing bankruptcy. The stores must liquidate immediately, or close permanently with no other options.
These stores should be in good financial shape, this is not due to the lack of sales. Stores are making monthly extortion payments. Some of these stores have been milked dry over many years. The Tulsa based Smith Brothers Biker Gang demands a portion of total monthly revenue, not just profits. Fail to pay just one month, and they beat up your employees and shoot at your customers.
Businesses can survive for only so long without making a profit and the situation gets worse each month. Now, with money-in-hand this week only, the stores can be bought for their debts. They do want a guarantee that all employees will be kept. Within the last fifteen years, Kare-Ann Young has paid out over three million dollars to the Smiths. Now, how does she plan to afford payments on these added stores?