Bar running on credit shut down

A BAR that opened its doors a few months ago, is rumoured to have been closed, as it is believed to be in serious debt.

The bar, situated outside the city centre is said to have been established on debt.

According to the rumour mill, everything from renovations, furniture and even stock was all taken on credit.

It’s said that some of the people who supplied TV sets to the bar at one time came and repossessed the appliances, as the so called directors of the bar were failing to pay them off.

Rumour has it that the directors believed that they could develop a large clientele, as they believed that they could “steal” patrons from nearby clubs.

However, it turns out the bar has failed and has since closed its doors.

What this rumour monger is not sure about is if it has been closed permanently or temporarily.