Bar One in Atlanta has certainly had it’s shares of ups and downs over the years. If y’all think my commenting rules are harsh, you should check out Peter’s rules for sitting down in his establishment. Then there was the constant drama with his landlord. It seems that Peter was making his rent payments to the landlord, but the landlord was not making his mortgage payments to the bank! So the property went into foreclosure. Peter put an offer in to buy the property but it seems the offer was not accepted so now they have to move. Peter repeatedly tried to work something out with the owner before it got to that point but at least from Peter’s perspective the owner was uncooperative. To make matters worse, after Peter decided to rent the space across the street from the same owner and move Cynthia’s Bailey agency into it along with another tenant issues arose again. This time there was some sort of zoning issue with the city. So according to Rodney Ho of the AJC, Cynthia moved back into her original space that she still maintained back in November. 
So, last night I received some information that a bartender at Bar One was talking about his last night at work before the bar shuts down for good on Saturday. It was assumed that Bar One was closing forever. But it is not. Peter has already secured another Atlanta property and is simply moving to a new location. And what better time to do that, than when the Real Housewives of Atlanta is taping, right?
Rodney Ho spoke with Cynthia who had the following to say about the situation at Bar One to the AJC blogger.
She also acknowledged that Grant Park neighbors weren’t a big fan of the club. “We had a lot of problems,” she said. “It’s a residential neighborhood and people didn’t like the music and cars. People were always complaining. The sad thing is Bar One had been doing extremely well. People loved it. It had become a tourist attraction.”
He (Peter Thoma) did find a new space in downtown Atlanta on Auburn Ave. but it may take two or three months to open. “The new place we have to totally gut and redo,” she said. She said they both love the fact it’s an historically black neighborhood with plenty of black business owners. “It’s nice to be embraced,” she said.
So fear not, Bar One fans, Bar One Atlanta will be back better than ever in time for summer. Perhaps.
Peter opened up Sports One in Charlotte, North Carolina just last month with Kordell Stewart and plans to open another Bar One in Charlotte soon.
Do you think Peter is trying to do too many things at once? Or has he finally found his rhythm in the bar and lounge industry?
I am all for him and his legal business ventures. Somethings click instantly and other things take time to get it right.
My bridal boutique where I purchased my gown that catered to plus size women were in a similar situation and was unable to financially secure a place to open and redo another location although it was an excellent store and very popular.
So the fact that Peter and Cynthia can continue their legal business ventures even with these set backs lets me know they have more coins and more business smarts than they lead on.
Wish them the best…..
Yeah, TT opened the door and I’m going to walk through! I’ve never been to the ATL, unless you count the airport, and I’ve been wondering, is BarOne really all that? Cynthia said it’s become a tourist attraction. Also is Cynthia’s business a real modelling agency or a glorified charm school? I’m glad to hear she hung on to her old location !
Do you think Peter is trying to do too many things at once? Or has he finally found his rhythm in the bar and lounge industry?
No, not at all. I mean, you are losing monthly income right there by it being shut down – then you have to gut it?
Peter should have scouted for a new location already! I know Peter says he was going to buy the building, how are you gonna buy a building knowing you weren’t wanted there in the first place?
He suckered Kordell into going in with him for a business in Charlotte when clearly Peter can’t do business in Atlanta — a sucker is born every minute.
I don’t understand why you think he can’t do business in ATL. Clearly he was doing fine minus landlord issues.
He will not stop opening businesses until he has depleted Cynthia s entire fortune.
I had missed the Bar One rules post. Reading it makes me think that he doesnt know if this is a bar, lounge or a restaurant. I understand bottle service for a hip & trendy lounge (usually after 10) but not for a restaurant or a bar.
Their wait time is terrible. In NYC, the service moves quickly. By the time you’ve finished the app, the main course is coming out. If you dont want dessert or coffee, they will ask you one more time as a hint and then bring out the check…to gently move your ass along. They often will suggest you move to the bar if you want to continue drinking. There is a way to move people along without giving them time limits or bringing a bouncer after youve paid your ck! Lol
for cynthia’s sake i hope his business does well
GL to them in the new locations, including Charlotte. Awful rules but at least he’s not stealing id’s from retirees.
Thinking that he has found his rhythm and will be just fine. Rooting for Peter and Cynthia to be okay and profits to soar for their businesses.
Peter has enough ready cash to rehab a new location? Not that I doubt it —– but ……
Peter has enough CREDIT to do so, probably.
I might have enough credit as well. But if I failed…. I ain’t got nuthin to back it up.
On Mon, Sep 22, 2014 at 10:34 PM, Tamara Tattles wrote:
>
You explained why one should not use personal assets; one’s savings, investments, personal credit and realty to fund one’s new business ventures, and thereby run the risk of ending up broke and homeless if the business might require just a bit more funding (which one may not have) for unforeseen, critical expenses, or, of course, if the business just plain and simple tanks.
One might seek investors to engage in long term, interest bearing loans, sell shares, or secure funding through online donors, etc. So, in case hell might break loose, and though one’s pride and repute may get badly battered and bruised, one still won’t lose one’s sorry butt and one’s home sweet home.
I agree with all that but it seems out of place. Is this because I am playing the stock market? Sometimes you need to take big chances….
On Tue, Sep 23, 2014 at 3:22 AM, Tamara Tattles wrote:
>
”I agree with all that but it seems out of place. Irespectablebecause I am playing the stock market? Sometimes you need to take big chances….”
It’s all the more reason to leave your investment money alone, so your money may continue to earn money with nominal effort on your part. You’re doing what I addressed in the first place, but on a MUCH larger scale! Then the businesses/maybe governments that you invested in, may succeed by investing the money that it received when you bought its stock shares/bonds (rather than use their cash reserves), so the company you invested in may expand; develop and market more products, hire more employees, maybe purchase companies which may enhance the company in which you invested, or conversely, compete with and undercut the success/position of competitors.
If you’re cash poor as a result of taking a “big chance” with your cash, then if a health or legal emergency occurs, you’re up Shyt Creek without a paddle, and at the mercy of your investment manager as he/she attempts to determine what to liquidate to raise ‘fast’ cash (in a few days), and yet ensure that your portfolio continues to earn as it previously did.
FWIW, I maintain an investment portfolio and practice as I preach. (It’s also probably better to be a bit debt and risk averse during these days, Tamara.)
lol. I’m not risking large sums. Just playing with my travel fund since I didn’t make a trip this year. I’m playing online a little bit. It can all be liquid in three days if necessary. I can cash out and buy maybe a case of beer if I run low. 🙂
On Tue, Sep 23, 2014 at 6:14 AM, Tamara Tattles wrote:
>
She said they both love the fact it’s an historically black neighborhood with plenty of black business owners. “It’s nice to be embraced,” she said.
Are white people allowed in? O.o LOL
Probably. They might also serve a special canned meat sandwich for the lighter clientele.
BTW TT if you ever decide to go I’ll check it out with you! 🙂
I am not the “going” type anymore. I’m more of the “sleeping” type.
On Tue, Sep 23, 2014 at 3:17 PM, Tamara Tattles wrote:
>
I think Tamara is correct in saying credit is Peter’s way of doing business. Except i think it may be on the side of illegal.
How many businesses has he had fail? What legitimate lender would do business with him?
I dont think Cynthia has any money left, if she had any at all and now relies on the Housewives check.
Peter is the worst when it comes to business. He need to leave well enough alone. He going To BANKRUPT Cynthia, and she’s to much of an Airhead to realize it.
I think many of us are hoping he is doing well, but I don’t know if he actually is. I’ve been shocked before by certain businesses failing. Even if a place is popular it doesn’t guarantee success. Only time will tell.
In a normal environment, we could certainly find room to pick at Peter and his businesses a little bit. However, given the other house husbands of RHOA, he’s pretty much the pick of the litter.
It’s all in the perspective.
On Tue, Sep 23, 2014 at 3:55 PM, Tamara Tattles wrote:
>
Yes Apollo does make Peter look like husband of the century. After Apollo and Teresa I think viewers are just happy to see someone try to make money legally, even if it doesn’t work out. But honestly, I wish him luck because I like Cynthia, and he has a bunch of kids he needs to support, not really because I’m a huge peter fan.
I dont understand why Peter would open this type of bar in Charlotte. Who is the demographic he is trying to appeal to? The Bankers, the high ranking military officials, or the Nascar fans (Charlotte-Concord is the home of Nascar Lowes Motor Speedway)? It cant be the Panthers Players because very few of them live in Charlotte, Hell, even their training camp is in South Carolina. Im from NC and the audience and money he is looking for is just not in Charlotte. Sorry Peter.
No But Charlotte has a shit ton of hot wealthy men. I used to love working the ATL CLT flights. Tons of hot men vying for upgrades.
He should of found it by now but it seems as if its other people’s money that set him up and keep him afloat so I don’t know.