Trust No-body!!!!!!!
 

Selling the business,seemed to be going great.Tickets booked for 19th Jan.Just got a call today saying he wants to reduce the price by £15,000 or else he is out. :(

We are doing our last so called day of work on Saturday and then we we going to start our farewells in Ireland and around.Completion was set for the 15th and the shippers were booked for early January.

I think he's trying a fast one as he knows our situation.I feel like telling him to shuff it up his ass and going and doing a validation,then returning to find someone else.
I'm just so pissed off!!!!!!!!


Sorry to winge!

Mick :beer:

Re: Trust No-body!!!!!!!
 

Mick, I'm with you. If he wants it, he wants it, if he doesn't, tell him to get stuffed. :mad: 15K is around $40000 AU dollars, so you're going to need that cash...

Do what you have to do, but don't leave with any regrets. That's my only advice.

Kick ass, Mick.

Re: Trust No-body!!!!!!!
 

Chhheeeky *******!
He is sooo pulling a fast one. Tell him to shove it and do the reccy if you have to just out of principle. That is awful. Hope he realises what a tosser he is and pays the price he agreed.
Hope it all works out
J x

Re: Trust No-body!!!!!!!
 

Its a hassle but call his bluff. Tell him thats the price take it or leave it.

Re: Trust No-body!!!!!!!
 

Aww mate, I really feel for you? What a wa*?!er! A big bluff to call. Thinking of you!

Re: Trust No-body!!!!!!!
 

Add 15k to your asking price :D

WW

Re: Trust No-body!!!!!!!
 

oh Would love to but going to tell him to like it or lump it!!

ok, may well be covered with egg on my face but hey ho at least I wont be walking round with mug on my forehead.

I just hope all goes well as i cant face telling my 3 boys that on the 7th Jan their leaving party is just a party! and it could be another year before they leave for good.


Fingers crossed for tomorrow

Anyone up for a drink when we validate?

George (Micks wife)

Re: Trust No-body!!!!!!!
 

Where are you of to ? And shouldn't you be in bed ?


Good luck with standing firm - we did this with the buyers of our house and it came good for us.

Gillian

Re: Trust No-body!!!!!!!
 

As someone who has sold a few businesses could I suggest that you ask his reason why and then say that you'll get back to him within 24 hours. Then call him back the next day and say you'll meet him halfway and reduce by 7.5k providing he exchanges the contract now.

That way you get the security of knowing that he cant pull out without being liable for the lot and he thinks he's still got a bargain.

Maybe not ideal but perhaps a solution to the problem. Get the exchange of the contract for the business asap and that will stop anymore mucking around and takes 2 solicitors and a phone call.

Re: Trust No-body!!!!!!!
 

Excellent advice...

By the sounds of it, telling him to go forth and multiply might well cost the OP the £15k anyway to say nothing of screwing up their plans/life for several months at least... If he knows their future plans then perhaps it's not so surprising that he's squeezing a little... Be tough if they want but be prepared for him to walk...

Re: Trust No-body!!!!!!!
 

Mick

My advice would be:

Ignore this buyer until such time he is realistic and prepared to put up.
Continue to market the business
Set up a backup plan on the basis you cant sell before leaving ie get a manager to run the operation while you are in Oz (believe you are selling it as a going concern?)

Re: Trust No-body!!!!!!!
 

Depends on how good at poker and acting you are.
Having weighed up the costs, losses and situation...you are in a position to gamble on a bluff.
Tell the guy he has caused you some problems..so much so that you have to say sorry no can do, to much money to lose.
Say that you will have to use the flights booked ..but its Ok cos it sorts your visa and allows an holiday.
During which you are trying to find another buyer and can return to Oz later.

If the business is a good proposition..its more than likely he will see sence. I would not try to re-negotiate the price..its a sign you are worried.

Our daughter had a similar thing happen with the house sale. The buyer dragged it out knowing the planned departure date. He came on asking for a price reduction because he had some problems ( he was buying to let!)
In the end we wrote to advise him that the move to Oz would go ahead and that I had been authorised and accepted by all parties to handle the sale.
I told him If he did not complete on time, the deal was off and the price would be increased by GBP3000 to represent the market increase since it was put up for sale. he did the bluff cycle agin and I advised the agents to put it back on the market...next day he backed down and it was down to solicitors to sort the fine details. The thing is... I would have done what I said, mind you I knew others offers had been made and would have come up to asking price eventually..but you need a bit of nerve.

Re: Trust No-body!!!!!!!
 

same happened to me mate just do wot i did told him i had it valued again and i want more money just like he offered less say ime going to do my validation trip call his bluff you seek the same business out here in oz its a lot more$ :D

Re: Trust No-body!!!!!!!
 

OMG!!!! I've just read this! Guys this is terrible! :eek: For the life of me I can't offer you any advice but let us know what you decide! I was just thinking that you'll be doing your last Christmas and be on your way in a few weeks. Nudge us if you need to chat. Kayt xxxxxxxxxxxx :beer: :beer:

Re: Trust No-body!!!!!!!
 

Unfortunately in Business sometimes your first loss is your best loss.

Re: Trust No-body!!!!!!!
 

Shoot the b'stard...burn the business....get insurance and bugger off to Oz.

Not sensible advice I know and is only said in jest. Hope it works out for you.
Me and mine will be keeping our fingers crossed for you as am sure all on here will too. The guy is a total sh..

Have a gr8 Christmas and New Year (as best you can under circumstances).
Thinking of you.

Re: Trust No-body!!!!!!!
 

Mate, I'm gutted for you........Centurion's advice seems pretty sound but I don't know what losses you're prepared to shift.
The tactic doesn't sound too unfamiliar as when Kayt and I were trying to acquire a business, it's all a stupid bloody game, why can't people play it with a straight bat eh? :mad:

Good luck and will have a gas next time you're on messenger


All the best guys

Dave

Re: Trust No-body!!!!!!!
 

Unfortunately its not a game of cricket, it's real money and real business. If you are buying and know the other person has serious issues, like a deadline, then these things will happen. The other side of a deal will act in his best interests not yours.

Re: Trust No-body!!!!!!!
 

In language, a metaphor is a rhetorical trope where a comparison is made between two seemingly unrelated subjects. Typically, a first object is described as being a second object. In this way, the first object can be economically described because implicit and explicit attributes from the second object can be used to fill in the description of the first. ... :rolleyes: ;)

Re: Trust No-body!!!!!!!
 

Well observed. ;)

Re: Trust No-body!!!!!!!
 

Call his bluff and tell him you need to know for sure if he wants it or not because your putting it back on the market. Or let him have it for 15000 less but do your best to ruin the business after he,s paid for it. We will all help you. Well put false orders in. :p :p

Re: Trust No-body!!!!!!!
 

Up-date!!!!!!!

We have met in the middle after alot of thinking and calling names.We thought for what we may spend on reccies,more flights,cancelling everything and all the other crap that goes with it we would spend close to what we lost.

Yes we feel we have been had but its too close to take off to start again and I haven't got the energy.

Yesterday we exchanged contracts and everything is looking back on track.

Sunshine Coast here we come!!!

Thanks for the chat everyone AND HAVE A VERY HAPPY CHRISTMAS.

Cheers

Mick :beer:

Re: Trust No-body!!!!!!!
 

We had exactly the same problem when we left for OZ. Sold our business for 20 grand, but on the day we exchanged on the house and business he said he was 5 grand short..He knew we were due on the plane the next day!!!
We told him calmly..."ok, you've just lost yourself a great business deal there, goodbye"..
Needless to say he had the cash waiting the next very morning..talk about cutting it fine and trying it on...we called his bluff as we were gonna take his first offer, but we knew deep down he was testing us also.

Re: Trust No-body!!!!!!!
 

Glad to hear its been settled...didn't take my advice then, THANK GOD!!

Have a VERY HAPPY CHRISTMAS

Re: Trust No-body!!!!!!!
 

Cheers, Mick... You have a wonderful Christmas yourself. Glad you got it sorted.

:beer:

Re: Trust No-body!!!!!!!
 

Phew!!!!


Merry xmas :beer:

Re: Trust No-body!!!!!!!
 

...and then offer to meet him in the middle! What a w@nker. Definitely call his bluff - £15,000 is a lot more than a few extra flights back and forth to Oz.

Re: Trust No-body!!!!!!!
 

Hey mick and George,

just caught up wif ya....havent logged in for ages....sorri 2 hear that you have had a bit of a shitty deal, but at least it is sorted.....we had a nightmare with our deloved dog not being able to join us.....broke our hearts...we would have paid £20k for her if it was that easy.....but the quarantine wouldnt let her in. We only just got her re-homed before Chrimbo. But at least she has a good loving home. So keep us updated and hope alll goes well...and that you have got over the hangovers from the party!!:beer: