I have a Mediterranean Wine and Tapas Restaurant. It is highly rated on TripAdvisor, Yelp, OpenTable, Google Reviews, etc. I have over 8,800 friends on Facebook. People love my place.
For the eight years I have owned the restaurant, I have devoted my time, energy- both emotional and physical, as well as my financial resources to the restaurant. It has been my highest priority after my husband and children, one of whom is autistic. However, it has and continues to take a tremendous toll on my life.
My marriage could not survive the daily demands of running this restaurant, which ultimately led to divorce. My health has been adversely affected as well. I was diagnosed with a late stage and rare lobular breast cancer in April 2016. I had a double mastectomy, chemotherapy, and radiation which lasted well over a year.
My brother with no prior experience kindly offered to help with the management of the restaurant during this time. As generous as this offer was, he was not capable of running a restaurant. Recently I have relapsed and now urgently fear for the future. The premier specialist for this cancer is located in Boston, which means additional extended time away from the restaurant. Once again I will have to leave the restaurant unmanaged in order to receive treatment.
The restaurant is down over 220k in the last two years. With the assistance of a local business broker, I attempted to sell the restaurant after my diagnosis for several years now but to no avail. The lease will expire in March 2019.
I do not have the financial ability to continue to pay my bills. Simply put, I am drowning in restaurant, medical and personal debt. I am deeply depressed due to cancer and the inability to properly care for my children. I have gotten to the point where I cannot pay my mortgage.
I have attempted to sell the restaurant. I have also tried to find a partner. I am now considering bankruptcy.
Does anyone have any suggestions for my next course of action?
Submitted September 16, 2018 at 07:12PM by fortdaisy https://ift.tt/2Oqy8TL
