DrPorkTacoMan

This kinda stinks. Not giving away shit, SELLING 6000+ tickets at $150 each. Then her "employees" choose the winner, no chance for shenanigans there right?

So looking to net almost a million bucks for a joint in BFE Arkansas that hasnt even been open for a year yet.

smells like shit to me

Doesnt answer the question, a very important one at that. How much current debt does the restaurant carry? If your joint is not viable, the lucky "winner" could easily be $10k in debt after one month

I owe $113,000 on my home. Stupid me bought at the top of the market and then took out home equity line of credit and next thing you know I am underwater by about $100k. So me, being the good Christian man I am- decide to give my house away. I tell everybody who will listen that I am just going to give it away. I get on the local news, the papers, social media, I talk about the troubles I have had and am careful to give thanks to god whenever I can- because its gods will that i give back to some lucky soul.

So i decide to sell raffle tickets to help me decide who among us is most deserving of my lovely house. Just to weed out the sinners and non-believers among us, I decide it best to charge $1500 per ticket and ask that each prospective winner write an brief essay on why they deserve my house and be sure to include their favorite line of scripture. I also decide to limit ticket sales to the first 6000 lucky souls. I decide to let my brother-in-law who is also an ordained minister chose the winners. Now because it is going to cost me a few bucks to hold this raffle, I have to stipulate that in the event that i dont sell 6000 tickets, there will be no raffle and the all moneys (save for $250 per ticket sold, for fees and such) will be refunded.

So raffle deadline comes/goes and I fell short of the 6000 tickets, but lucky me by the grace of god I still manage to sell 3000 and bring in about $750,ooo ( for the fees and such). I am so blessed.

what's the grossest thing you've seen on a submarine?

So You are deep underwater with your restaurant- the only way you can get out is if you somehow raise the funds with this scheme. You know that the money you hope to raise with this "raffle" is far more than you could ever hope to sell for, but it's your only way to get out. If I am wrong, tell us what the taxable and insured value for your joint is, let us know what you owe.

I also strongly suspect you are now aware that you wont reach the 6000 ticket sold mark- and are desperately trying to sell as many as you can in hopes of using that $25 per-ticket to pay off some debt.