thinking of buying a small retail store. is it suspicious that the owner wants to sell after about 3 yrs?
957437
so she's asking 2 times her cash flow as an asking price?  that alone is wrong.  most who want to sell their business ask for 1 year of profit, not 2.\n\nnext....why is she not just moving the company instead of selling it?  that is a red fleg as most would just either move the company and continue it or they would create a 2nd store in the new location leaving the original location still running.\n\nI would check into city plans to see if maybe some new road is coming through, if some new project is being planned in the next few years that will hurt or crush this business, etc.\n\nDon't listen to her broker as its in their best interest to protect their client...not to help you.  I would have my own attorney look over it all, have my account look over it all and I would ask for complete P&L's for every year in business.\n\nIf this paperwork is not given over......RUN FOREST RUN.
519363
although its anoying, you would most definetly do it yourself if you were trying to attract new customers to your business, at the end of the day most people will only buy if the deal is really good or they are currently after that particular product or service at the time of the call or e-mail, so for 90% of people contacted the answer will probably be no or please call back another day so its probably not ethical for them anyway.
588089
is this a sales tactic?
1055396
I just bought one... Best way is to get an accurate income (their may be money sliding by to keep the taxes down).  Accurate costs is also needed, food mainly but don't forget payroll, water, electricity, taxes and insurance... The rest is pretty much like any real estate.  Is the area growing?... Restaurants are also seaonal, this month may provide a significant income but december may lose money, look at the year not the month, sometimes it helps to look at the last 5 years, which can help you predict the next five... \nA huge question is... If it is doing so weel why sell it.... The restaurant business is a trench fight and buying an establish money maker is the way to go
692796
E-bay they deal with second hand shops as well, but check the persons feedback before going ahead, I have used e-bay  all the time over the last 3 years never had a problem
323723
Hmmm.  The REAL question should be whether to buy (at all) or rent!  (Three years might be too short to cover the costs of the buying and selling transactions.)  I'd guess if you're willing to buy a "fixer-upper" and put some time and money into it, then three years would be okay.  Lots of folks can make good money "flipping" houses like that.  Otherwise, you might be better off just renting.  If it was longer, I'd say go ahead, buy.  If it was any shorter, I'd say definitely rent.  You're really on the cusp with three years....   Good luck.
776875
It is up to the store on a case by case basis but seeing as how it was a month after that the price reduction occured, I believe that they are correct here. If it was to occur only a few days after then there might be a case. There would be no way for them to know that the price would drop by such a large price. \nUsually what occurs is that the manufacturers put out a new model of the same product and the retailer reduces the cost of the old model to make way for the newer one. Otherwise, it could be up to higher management to make the decision as to pricing.\nThey wouldn't have done it to be malicious but you can ask them that the next time you want to buy something they might do you a better deal. \nIn the electrical retail market, pricing rarely stays the same for products due to the fact that the get superceded and replaced often.\nDon't blame the store but do ask them for the best price next time (use cash, folding cash not card) and ask them if this product will be replaced in the near future or if it is new to the market.\n\nSorry buddy, but you might just have to put this one down to bad timing.\n\ndenalbert suggested take it back and get a refund - after a certain length of time, this probably won't be an option as there is only a small window for refunds based on 'change of mind' Unless there is a legit problem they won't do this.\nironstu3 said - tell them it's faulty. Most places will test this before the refund is given Once again they won't just go 'oh of course we'll believe that this expensive tv is faulty just because you say it is, here is your money back'\n\nYou can try the old 'changed my mind' approach and see if it works for you. My old company wouldn't, not after a month.\n\nWhy don't you ask them to see if they have any bonuses or freebies that they can give you to sweeten the deal. DVD player etc. Or a gift voucher to be spent in store next time?\n\nGOOD LUCK!!!!!
1050938
The information provided by the previous answerer is quite exhaustive and useful, but is best suited to the big business houses with ample funds. Your question is about small business, as such please search out retail opportunities at:\nhttp://www.franchise-international.net/franchising/Retail-Franchise-Opportunities/44
170645
ask them if they want to buy it and if they say yes then sell it to them
1158451
They should start looking before.\n\nThe seller can include in their P&S (Purchase & Sales Agreement) with the buyer, a contigency that states their contract is dependent upon their ability to find a new home. It usually includes some type of time limit 30-90days is common depending on the buyers ability to be flexible.\n\nIf you are performing a For Sale By Owner, you'll need to study up on this some more in general in regards to purchase and sales agreements, if you are working with a Realtor, they should be able to assist you with this easily.
1184360
does it really matter? are you going to sell it? if so why would you get rid of something so valuable? I don't understand how people collect things and a few years later they sell them. If I were you, I'd trade it for a dozen things that were twice the value and stuff, and if you can't do that, just keep it!
49705
Well, the first questions any lender is going to ask is, "If it's a good store, why is it closed and why are you thinking about selling it?"\n\nThat in itself is going to make lenders nervous, however, if you have favorable equity in your building above the first mortgage amount and the fair market value, that should overcome all.  If you don't own the building or don't have equity in the building, you are going to have trouble in my opinion.
160500
if you are willing to buy I am sure they will sell it to you. if they are a dealer I would contact the local bbc...\n better business bureu.......an individual......? would shop elswere......buyer beware.......
1109379
First off it would take lots of money do you have that??  Will your product sell from a little boutique.  You need to write up a proposition and get it to a loan officer or someone that is more qualified.  This little place might be two minutes from disaster.  Don't loose lots of money.  I wish you the best.
778538
From a private landlord you should expect no discount. Also they are under no obligation to sell, you should expect to pay full market value.
604623
I don't know the NY Real Estate market but in sales (in my state)it takes months to close your first deal. Rentals may be different. But I think to make "killer dollars" you have in some "killer time".
372084
There is a business in the town that I live in that goes beyond a normal sales closing.\nAfter you purchase an item, they contact you a week later to find out if you experiencing any problems, they then contact you a month later and make sure everything is to your satisfaction.\nI prefer to purchase all of my electronic items there because of this exceptional service.