Postscript

Dipping into a slightly more detailed explanation, “the current owner has put in about $1.6 million in tenant improvements,” Mr. Handal said. “Certainly that is not what I am paying him for the location. Of course, someone who is going to lose about $1 million, I suspect he wants to give it every chance to succeed. He opened in January, and he has been losing in the mid-five figures every month.”