Author |
Message |
Troy Watts (Troy_watts)
Junior Member Username: Troy_watts
Post Number: 74 Registered: 9-2003
| Posted on Friday, October 03, 2003 - 12:32 pm: | |
Jim, I'm not privy to that Information. |
Jim Schad (Jim_schad)
Intermediate Member Username: Jim_schad
Post Number: 1916 Registered: 7-2002
| Posted on Friday, October 03, 2003 - 12:28 pm: | |
I would ask the landlord why he doesn't want to grant you a provisional extension. anyone is going tobe hard pressed to buy/sell a biz that may not be able to operate in 2 years without substantial capital expenditures to relocate. he has to understand that. if not then is there something he knows that you don't? is he selling the whole center to a developer etc. |
DES (Sickspeed)
Senior Member Username: Sickspeed
Post Number: 6845 Registered: 8-2002
| Posted on Friday, October 03, 2003 - 12:20 pm: | |
DL - LMAO...! |
DL (Darth550)
Member Username: Darth550
Post Number: 406 Registered: 7-2003
| Posted on Friday, October 03, 2003 - 12:18 pm: | |
NO DES NO!!!! Seriously though....When do you think we will switch to the metric system? Answer in confidence to: [email protected] DL
|
Troy Watts (Troy_watts)
Junior Member Username: Troy_watts
Post Number: 73 Registered: 9-2003
| Posted on Friday, October 03, 2003 - 12:18 pm: | |
Taek, If you read my post to Jim,That pretty much sums it up. |
Taek-Ho Kwon (Stickanddice)
Intermediate Member Username: Stickanddice
Post Number: 2195 Registered: 11-2002
| Posted on Friday, October 03, 2003 - 12:14 pm: | |
There are waaay too many determining factors that aren't mentioned. Care to be more specific? I understand if you want to retain some confidentiality when it comes to business, but it really is near impossible to give a good resopnse without more information. Good luck, however it turns out or whatever you decide to do with it! Cheers |
Troy Watts (Troy_watts)
Junior Member Username: Troy_watts
Post Number: 72 Registered: 9-2003
| Posted on Friday, October 03, 2003 - 12:14 pm: | |
Jim, I could get back my ROI the way the lease is written now. The only problem is how am I going to make a profit with a short lease. |
Jim Schad (Jim_schad)
Intermediate Member Username: Jim_schad
Post Number: 1915 Registered: 7-2002
| Posted on Friday, October 03, 2003 - 12:09 pm: | |
well the question seems to be can you make your ROI back before the lease expires? If not then that is a big sticking point. If the lease is for 25 years then who cares. Can the landlord grant you a contingent lease extension without agreeing to terms? He may not want to lock in on a rate or term just yet, but might be willing to give you a first right when the lease comes up. |
Troy Watts (Troy_watts)
Junior Member Username: Troy_watts
Post Number: 70 Registered: 9-2003
| Posted on Friday, October 03, 2003 - 11:56 am: | |
Bruce, I have told you for the 6th time I am not Mr.Green. If you want to discuss in more detail e-mail at [email protected] |
Bruce Wellington (Bws88tr)
Advanced Member Username: Bws88tr
Post Number: 3109 Registered: 4-2002
| Posted on Friday, October 03, 2003 - 11:51 am: | |
HI MR GREEN....... |
Troy Watts (Troy_watts)
Junior Member Username: Troy_watts
Post Number: 68 Registered: 9-2003
| Posted on Friday, October 03, 2003 - 11:48 am: | |
It's funny, You ask a bullshit question on F-chat and you get a serious answer. When you ask a serious question you get a bullshit answer. |
DES (Sickspeed)
Senior Member Username: Sickspeed
Post Number: 6841 Registered: 8-2002
| Posted on Friday, October 03, 2003 - 11:43 am: | |
Oh, and in case you're wondering, i'm completely ignoring your guacamole comment...  |
DES (Sickspeed)
Senior Member Username: Sickspeed
Post Number: 6840 Registered: 8-2002
| Posted on Friday, October 03, 2003 - 11:43 am: | |
DL, i'm laughing my ass off here, that was great...!!! LMAO...! |
DL (Darth550)
Member Username: Darth550
Post Number: 405 Registered: 7-2003
| Posted on Friday, October 03, 2003 - 11:40 am: | |
Question: What if an elephant had three balls? Answer: Walk him and pitch to the rhino. Seems relevant to me...... DL |
Troy Watts (Troy_watts)
Junior Member Username: Troy_watts
Post Number: 67 Registered: 9-2003
| Posted on Friday, October 03, 2003 - 11:35 am: | |
I recently went into escrow on a business I was trying to buy. I checked out the business for 2 months before I made my offer. My only contingency was to get a lease extension. Yesterday I got the bad news,The landlord doesn't want to give me a lease extension at this time. Should I buy the business anyway and take my chances that the landlord will change his mind down the road, Or just walk away. |