We have a Mexican restaurant in our small town. It is a very popular place. The restaurant started out in half of a gas station building. Later they purchased & moved across the street to an empty former grocery store building. They purchased the building & property for less than $100,000. Word at the time was that they were going very far out on a limb to buy the building. I believe it was about 10 years ago when they moved to the new location. They also had another restaurant in a town south of us. They do not own that property. The owner of the restaurants lives in our small county, is friends with lots of people in the area & does not live a flashy life. The population of the county is about 7,000.
Yesterday the restaurant was raided by Indiana excise agents. Information from local police is they are suspected of money laundering.
When Indianapolis news reported this story, we found out that the owner also owned 3 other Mexican restaurants in larger towns west of us. With the latest being purchased in May of 2018. The purchase price of the building was $620,000. They also have a second restaurant in the same town. The property tax value of this property is $119,000. This town has a population of about 6,000 people.
The 3rd location in is in a town south of the above 2 location town. They purchased the building for this location in 2007 for $410,000.
I have lived here during all of the years that the Mexican restaurant has been in town. I have also been an elected government official during all of that time. I never heard anyone mention that the owner also had the other 3 locations.