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pleno1
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« on: September 03, 2014, 03:01:12 PM » |
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I'm currently negotiating to buy a bar but before going through with everything need to see all the numbers in detail.
The owner of The bar is asking for a 15% refundable deposit before he discloses information/goes through all the questions etc. he wants to see if in actually serious or something.
Is this normal? I imagined he would just tell me all the things as I've obviously signalled a lot of interest.
Should I be concerned?
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Worst playcalling I have ever seen. Bunch of fucking jokers . Run the bloody ball. 18 rushes all game? You have to be kidding me. Fuck off lol
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BulldozerD
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« Reply #1 on: September 03, 2014, 03:03:15 PM » |
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He wants 15% non-refundable before he lets you look at the financials?
I'd politely decline.
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celtic
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« Reply #2 on: September 03, 2014, 03:08:07 PM » |
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He wants 15% non-refundable before he lets you look at the financials?
I'd politely decline.
Says refundable. |
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Keefy is back  But for how long? |
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Woodsey
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« Reply #3 on: September 03, 2014, 03:09:01 PM » |
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No way, if he's keen to sell and it's a good business he should be showing you without any of that nonsense.
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ripple11
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« Reply #4 on: September 03, 2014, 03:10:44 PM » |
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I've not come across it before.
Are you going through an agent? They should hold the refundable deposit.
If not, I would be careful.
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pleno1
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« Reply #5 on: September 03, 2014, 03:13:15 PM » |
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In the time he is not allowed to sell it to anybody else.
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Worst playcalling I have ever seen. Bunch of fucking jokers . Run the bloody ball. 18 rushes all game? You have to be kidding me. Fuck off lol
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Woodsey
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« Reply #6 on: September 03, 2014, 03:16:34 PM » |
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Hope you know what you are doing by the way, it's a tough game, my family own a few places. Hard to make money selling booze unless you are a busy town centre place, it tends to be the ones struggling that are up for sale. Food is the best area to make money to be honest.
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Marky147
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« Reply #7 on: September 03, 2014, 03:20:13 PM » |
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Give me 15% deposit, I'll refund it if you don't buy, and I won't sell to anybody else... Is it this guy?  |
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BorntoBubble
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« Reply #8 on: September 03, 2014, 03:27:14 PM » |
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There's a reason why rich people buy bars... They have their money and choose to spend it as they wish! Rather then making their money through the bar!
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Waz1892
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« Reply #9 on: September 03, 2014, 04:38:01 PM » |
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Money/profit is made from the food element and not really the bar.
You need to have due diligance in the books, which shouldnt come with any financial remit. You both should have a Non disclosure document maybe, but no more than that i'd have thought.
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Carpe Diem
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AndrewT
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« Reply #10 on: September 03, 2014, 05:18:19 PM » |
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How can someone not make money from selling drink at £4 a pint?
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titaniumbean
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« Reply #11 on: September 03, 2014, 05:24:28 PM » |
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pads gimme 55% deposit and i'll answer this question....
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BulldozerD
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« Reply #12 on: September 03, 2014, 08:05:17 PM » |
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He wants 15% non-refundable before he lets you look at the financials?
I'd politely decline.
Says refundable. That's me reading on my phone, apologies. I'd still decline though |
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arbboy
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« Reply #13 on: September 03, 2014, 08:08:17 PM » |
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How can someone not make money from selling drink at £4 a pint?
tax |
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Woodsey
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« Reply #14 on: September 03, 2014, 09:17:56 PM » |
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How can someone not make money from selling drink at £4 a pint?
Overheads. You might do ok at the weekends, but think of the week nights where you might only sell 30-50 pints. The profits is small beans compared to food. |
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