The Depot

Anyone heard anymore news on them closing?

Yup, they didn't pay taxes. Cash taken by IRS agents and told employees to leave. Locks changed. ALL GONE!!!

http://www.tennessean.com/article/20120307/RO...

Hate to hear this. Hope that they are able to reopen. Lot of good people working there.

I hope they open back up too. The owner used to come into Wal-Mart all the time and he was really nice.

Hope they open soon. Best place in town to eat.

What has happened to The Depot. I click on the tennessean link and nothing came up. There is a sign on about nonpayment of taxes. What is going on? Can anyone tell me? Will they be reopened soon?

The Tennessee Dep't of Revenue closed them for nonpayment of sales tax. They will reopen as soon as this issue is resolved.

The Depot is not opening. They auctioned everything in the building off because of nonpayment!

reply wrote:

The Depot is not opening. They auctioned everything in the building off because of nonpayment!

wow, and I heard the people that worked there can't get unemployment cause he didn't turn in their income :(

How much did they owe? This must have been going own for a long time. Does anyone know?

It was in the Times...said he took a loss trying to open the second restaurant and couldn't recover fast enough.

I hate to hear it, I loved their Chili so much. Maybe he will open a new depot. Does anyone know if his house if up for sale yet?

If our family went out to eat in Springfield, more times than not, we went to the Depot. The food was excellent and the service was as well. It is a shame that all of this has happened and employees are now out of a job. Although, I am very fond of Doug Voise, he did not do things right. He had a thriving business there and even with his losses at the other restaurant he opened, he knew what he was doing was not only wrong, but criminal. Greed is a terrible quality to have. It gets you know where but down.

Just because a business looks busy does not necessarily mean it is doing well. Bookkeeping is extremely important and not to be ignored. Most owners ignore their bookkeepers/accountants advices. May sometimes ignoring advice has something to do with who traditionally hold these roles, men and women. Men love taking risks and chances in business but ignore logic. We have an amazing freedom in this country to start any business we could possibly imagine, design and create, to make money, to create jobs for others and to create wealth for ourselves and families. Most people take this for granted and not ever take the risk to try to start a business. They accept their w-2 they receive every year, the disability check, the welfare check or live off others. I hate hearing other people tear each other down constantly on here. It gets me "no" where but down. It is an uneducated assumption claiming that greed was a reason why this happened to the Depot and that it was "thriving" . Restaurant business have a low margin of profit, there are no room for errors. Sometimes business owners try to grow too fast, take too many chances. All good businesses have a Ying/Yang effect. Sales v. Accounting. Risk takers v. bean counters. A balance. Both are essential factors for a productive business. Great food, great atmosphere. But nobody was obviously paying attention to the bottom line or the bookkeeping. Ying but no Yang. Get a Yang next time and try again. Life is a learning lesson. The Depot is/was an asset to the city of Springfield this I do know.

I heard some investors from Springfield are going to get Doug out of this mess. Anyone else heard this or any other news?

I was told that there was a sign on the door saying that they were now hiring.

I heard someone else was opening it up

It's on rctimes.com . They are reopening without Doug, and they are hiring. I heard a big wig bought it and is going to have Story run it.

The Depot among others wrote:

Just because a business looks busy does not necessarily mean it is doing well. Bookkeeping is extremely important and not to be ignored. Most owners ignore their bookkeepers/accountants advices. May sometimes ignoring advice has something to do with who traditionally hold these roles, men and women. Men love taking risks and chances in business but ignore logic. We have an amazing freedom in this country to start any business we could possibly imagine, design and create, to make money, to create jobs for others and to create wealth for ourselves and families. Most people take this for granted and not ever take the risk to try to start a business. They accept their w-2 they receive every year, the disability check, the welfare check or live off others. I hate hearing other people tear each other down constantly on here. It gets me "no" where but down. It is an uneducated assumption claiming that greed was a reason why this happened to the Depot and that it was "thriving" . Restaurant business have a low margin of profit, there are no room for errors. Sometimes business owners try to grow too fast, take too many chances. All good businesses have a Ying/Yang effect. Sales v. Accounting. Risk takers v. bean counters. A balance. Both are essential factors for a productive business. Great food, great atmosphere. But nobody was obviously paying attention to the bottom line or the bookkeeping. Ying but no Yang. Get a Yang next time and try again. Life is a learning lesson. The Depot is/was an asset to the city of Springfield this I do know.

Thank you for that information because I was thinking that The Depot was always busy and how could they not afford to pay their taxes. Anyways, hope all is resolved now.