Buying a Business Buying a Business - Page 4
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  1. #31

    Fingers like lightning

    mattfx is NOT a disguised employee


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    Wait, so the building is owned by the business but the land underneath it is leased? Hmm. I would be very cautious - Baring in mind my mates aforementioned business literally halved in size due to relationships going sour, if that land owner and you don't see eye to eye then it could end in tears.

    From the outside it looks like the business owner has a few problems:

    1) Business losing money
    2) Lease probably approaching renewal / running short of time
    3) Fed up of using his time at weekends sorting out 16 year olds that didnt turn in for work
    4) No online presence and has no idea where to start
    5) Has other commitments (suspect this is only a minor part of his reason for sale)

    Based on those points alone I would say that business of his is really not worth all that much and it sounds like a huge amount of work to get going - great project! You'd really have to be truly invested in it emotionally and financially though I feel, OP.

  2. #32

    Banned

    Big Blue Plymouth is NOT a disguised employee


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    Quote Originally Posted by mattfx View Post
    Wait, so the building is owned by the business but the land underneath it is leased? Hmm. I would be very cautious - Baring in mind my mates aforementioned business literally halved in size due to relationships going sour, if that land owner and you don't see eye to eye then it could end in tears.

    From the outside it looks like the business owner has a few problems:

    1) Business losing money
    2) Lease probably approaching renewal / running short of time
    3) Fed up of using his time at weekends sorting out 16 year olds that didnt turn in for work
    4) No online presence and has no idea where to start
    5) Has other commitments (suspect this is only a minor part of his reason for sale)

    Based on those points alone I would say that business of his is really not worth all that much and it sounds like a huge amount of work to get going - great project! You'd really have to be truly invested in it emotionally and financially though I feel, OP.
    Yes, I think your posts and others have put it into perspective.

    I'll still have a look though.


    Probably better to buy my own plot and set it up myself. Don't know what the rules are on using agricultural land for horticultural purposes, especially wrt to a retail outlet. Probably a whole world of pain....

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