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'You Don鈥檛 Own Sh*t' | Bar Rescue S7 Sneak Peek - YouTube
Channel: Bar Rescue
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So here's my thought.
[1]
I'd love you guys to go inside,
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get a feel for the place,
and find Sean for me.
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I want to get
the story from Sean.
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And then
I'm going to get Mike
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and I'm going to get
the story from him.
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And I want to see
if I get the same story.
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This place is massive.
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The first thing I notice
is it's like a country bar
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with a bull, with some
old shit in the corner,
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and it was just
enormous and ugly.
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Are you Sean?
Jon Taffer's outside.
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- He wants to talk
to you right now.
- Okay.
[34]
Can I get a watermelon breeze?
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- I'll do a beach cucumber.
- All right.
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- Should we get nachos?
- Yeah.
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I feel like you judge
a place on the nachos.
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Jon.
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- Good to meet you.
- Nice to meet you.
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I wanted to bring you out here
and get the story from you.
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- So when did you open this?
- Late summer of 2017.
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- Did you bring in investors?
- I brought in investors,
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but we ended up
running out of money.
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So what'd you do
to get the money?
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I went back
to the investment group.
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They would put in
an additional $60,000,
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but if we defaulted,
I would lose my shares.
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So what happened
to the $60,000 note?
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I lost it.
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But they decided
I would back away
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in exchange for
10% remaining equity.
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So, legally right now
do you own 10%
of this bar or not?
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Absolutely, I do.
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Mike's interpretation
is absolutely I don't.
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- Do you get along
with your partner?
- No.
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- You pulling a salary?
- No.
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So my question to you
is can you turn this around?
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I believe that I can do this.
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I know I can.
The problem is is Mike.
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All right, Sean.
Why don't you go back in
and go to work?
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Thank you.
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Jon: Sean called me
to rescue this bar.
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But Mike disputes whether Sean
even owns any of this bar.
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I can't understand
who's an owner and who's not.
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- Are you Mike?
Jon Taffer is outside.
- Yes, sir.
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He'd like to discreetly
speak with you.
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- Okay.
- Could you go outside for me?
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So I'm gonna go talk to Mike
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and try to hear his side
of the story.
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Are you gonna go first?
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Oh, my God, it's--
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There's just all sour mix.
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- Thank you.
- Thank you.
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How do these nachos look?
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This cheese is legit cold.
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And it's, like, thick
and it's almost grainy.
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It's so salty.
I never thought you could
( bleep ) up nachos,
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but they have successfully
screwed up the nachos.
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- Pleasure.
- Likewise.
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Fill me in on this.
Were you an investor
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when this opened
two years ago originally?
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Yes. There were six
of us originally.
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- And who was running it?
- Sean. He had full control.
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He was in charge
of the checkbook.
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He was in charge of
everything that happened.
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Gotcha. So Sean put
the deal together.
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- Yes. Correct.
- Went to you guys.
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Now, is there a deal
that he gave up his equity
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or anything? Tell me that.
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On the $60,000 loan
we gave him,
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he signed a note guaranteeing
he would pay back
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the 60 grand within a year
plus interest.
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He never made one payment.
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Our note said if you
don't make one payment,
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you default on 100%
of your shares.
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So now he defaults,
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so now you guys own
100% of the business.
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100%
Sean put a lot of sweat
and time in here,
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so we didn't want to
take everything.
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So we offered
to leave him 10%.
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You know, trying to be generous.
Sean wouldn't sign it.
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To this day,
he has not signed it.
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- So he owns nothing?
- He owns zero.
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- And is he getting paid?
- Yes, I'm paying him.
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So he told me that he hasn't
gotten paid for a year.
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- Is that right?
- No.
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- So who owns it now?
- Me.
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- You own 100% of it?
- Yes.
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Because he just told me
he owns 10% of this bar.
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Yeah, he tells me, "I own 10%."
"Sean, you never signed shit."
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He goes, "I disagree.
I signed it."
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"You never gave it back to us."
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He likes walking around
acting like he's the owner.
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We have to clear this up.
Do you agree?
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- 100%.
- Okay.
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I'd like him to see us
walk in together
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- so he understands we talked.
- Okay.
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Okay, I've heard both sides
of this story,
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and Sean's side of the story
is not adding up.
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I don't think he owns
any of this bar.
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So I've gotta resolve this issue
between him and Mike
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before I can even begin
rescuing it.
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Are you kidding me?
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I sat with you
and heard a story from you.
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- Yeah.
- I then sat with Mike
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and heard a completely
different story.
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- Do you own this bar?
- Yes, I do.
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- You don't own shit, Sean.
- I do.
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I have the paperwork
to prove it.
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- You have executed paperwork?
- Yes.
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- That says you own
10% of this bar?
- Yes, absolutely.
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- He doesn't have shit.
- I've got it in
my truck right now.
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- You can take
a look at it, Jon.
- Go get it.
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- Go get it.
- Let's go.
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Mike:
It's 100% bullshit.
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- I'm Jon, Kenny.
Nice to meet you.
- Hi. Kenny.
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Pleasure. Question,
how many times do you hear him
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- say he owns the place?
- Every single day.
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But he doesn't have
that authority does he?
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No.
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- What do you got?
- Right here.
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Show me an executed document.
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My signature,
my former partner's signature,
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- their managing
member's signature.
- We've never gotten that.
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We never got that back.
These are the only
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two signatures
that were ever on that.
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This is the first time
I've ever seen Sean's
signature on there.
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This is the one that says,
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"You still have 10%
ownership of the business."
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- It's not true.
- Jon: Tell him!
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- You refused to sign it.
- Bullshit. I never was given--
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Let me ask you this.
Did you ever give this
back to anyone?
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- I didn't get that until--
- Did you give this back
to any one of us?
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- You gave it to me
seven months later.
- How long have you been here?
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You can't sit there
and bark to me
about timeframe.
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- How long have you been here?
- Doesn't matter.
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Did you ever give
this back to us?
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There was never--
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Show me where
it has a timeframe.
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Yes or no, did you ever
give it back to him?
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No. My attorney told me
to hold on to it.
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So then they never got
an executed document from you.
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They did know
that it was executed.
They did know it was signed.
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If they didn't get
an executed document
from your attorney,
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then the contract
isn't closed, right?
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- They knew that it was--
- Sean, listen to me!
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If your attorney never
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sent back an executed copy,
is it valid?
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Is an unexecuted
document valid?
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- Yes or no?
- No.
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So then, therefore,
is it valid?
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I guess not.
[363]
So you don't own shit!
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