I have been for the last four weeks involved in buying the lease to a small hotel. The owner tells me it is making very good money but the place has been on the market for the last two years. He now says he will not hand over any certified accounts. Your comments would be greatly appreciated! I think he's suffering from misplaced delusion!
I think he's answered your question as to why the business has not sold over the last 2 years.... I personally would walk away.... Having said that a friend has just sold her corner shop which was thriving as she had built it up over 30 odd years.... The new owners went in and all the previous customers which were loyal to the previous shop owner, went elsewhere...... Thanks, Barney
Definitely run away. There are endless opportunities if you are looking to invest in a business, but you can only make an informed decision if you have access to all the facts and information. If an owner is being unhelpful or alarm bells are ringing, move on.
I've walked away from this deal - so end of story!! kuanyin |
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