999ivan replied to the topic property and business investment in the forum Commercial Property 12 years, 1 month ago
Hi Thanks for your patience. I realized after sending last post that I haven't been listening. So was expecting a rather different reply from you, If I got one at all!
I feel like I've got it now . Thanks again.999ivan replied to the topic property and business investment in the forum Commercial Property 12 years, 1 month ago
Hi Freckie and all. Again super grateful for all the feedback. Just to update everyone, I did pull out of the deal a few days ago. citing only the inequality of the property side of the investment. I did leave the door open if they could restructure the deal to my advantage. As hoped they say they have a better proposal for me, which they intend…[Read more]
999ivan replied to the topic property and business investment in the forum Commercial Property 12 years, 1 month ago
Thanks again. Feel much clearer now. Could you please answer my other question, re the lawyer doing the negotiating for me.
999ivan replied to the topic property and business investment in the forum Commercial Property 12 years, 1 month ago
Great advice. Thanks a lot. Two questions.
!. Regarding what they're bringing to the table. They have a letter of Intent from a fairly large chain of pubs to sell our beer.
Obviously that's just a piece of paper right now. The reason I think the business will be a success is that one of the guys
is a roaring success story over the last 5 years.…[Read more]999ivan replied to the topic property and business investment in the forum Commercial Property 12 years, 1 month ago
Great advice. Thanks a lot. Two questions.
!. Regarding what they're bringing to the table. They have a letter of Intent from a fairly large chain of pubs to sell our beer.
Obviously that's just a piece of paper right now. The reason I think the business will be a success is that one of the guys
is a roaring success story over the last 5 years.…[Read more]999ivan replied to the topic property and business investment in the forum Commercial Property 12 years, 1 month ago
Again thank you. Guess my final question is how is there a way to get a better deal. Or are they beyond hope?
999ivan replied to the topic property and business investment in the forum Commercial Property 12 years, 1 month ago
Thanks for your thoughts. They have a brew master lined up but would also both be drawing a salary. One as general manager and one as VP of sales. The other way I feel I may be being taken advantage of, is in the division of equity shares in the brewery business. They want me to invest 240,000 for 15% while they would invest 20,000 cash each and…[Read more]