I talk a lot in my videos and articles about seller financing when buying a business. Rarely do we get to hear of actual stories of deal structure because of the secrecy that surrounds most deals.
Today, I’m looking at the fallout of a restaurant sale that went bad.
Too bad for the steakhouse, but now we get to learn some of the details of how this business was transferred.
There’s an especially juicy morsel here about personal guarantees too. It’s a medium-rare learning opportunity.
Also, if you don’t live in the Maritimes, you’ll get to learn what a donair is. It’s delicious.
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