a friend sent me this (July)…I guess it may be worse than this in reality because of an effort to capitalize and depreciate anything that isn’t breathing or perishable…translation - they have done everything they could to make this look as good as possible.

Go and read June’s and then read July’s…

“Food & Beverage – The Mountains Grille loss was $62,889 compared to a budgeted loss of $34,191for the month. Year-to-date the loss for the Food & Beverage operations is $282,421 compared to a$136,719 budgeted loss. Sales of $138,844 were over the budget of $97,750 for the first full month of operations at the new facility. Cost of sales were 20% for the month, which is low compared to a budgeted cost of sales of 37%. This occurred due to adjustments that were made for test kitchen inventory, which wereoriginally charged to inventory in June and moved to Capital start-up in July. The year to date cost of sales is 37%. Salaries, wages and other expenses exceed budget as well.”

Anything to the rumor that the Amenity Director or a realtor is going to be appointed the new GM??