Steve Frencht
01-26-2007, 12:48 AM
THEORETICALLY speaking: someone offers you the opportunity to be your own boss. You've already worked for him for years. He knows your work ethic, you think he's doing you a favor.
The story is that he just doesn't have the time or resources to look after this (self-sustaining) business. "I'll make a personal loan for the purchase price of the business; you can pay me off on time." says the newly appointed landlord, "...and you can pay me current month's rent." So what ensued was an individual collecting a ridiculous amount of money from the poor trusting soul who entered into this verbal agreement, until such time that the principal was paid in full.
Finally, the young man can say that he has something; a piece of Canadian Pie! Then your landlord barges in and demands the use of your space. You've already paid your rent, but he's the BOSS, RIGHT! etiquette would dictate: let him have his way.
Again a verbal agreement was made, since the rented space was tied up with a "huge yellow truck that puts out fires", that a month's rent would be waived. Effectively this put a stop to all incoming revenue for aforementioned business and left the new owner in a precarious situation for capital.
Here's the beautiful part: the landlord now demands 2 months rent inside of a 2 week period, or you're out! February's rent by the 15th, and March's before the 1st. Beyond that, he's now changed the locks, and taken all assets & stock hostage.
How could you proport to put someone into business, knowing full well that your master plan was to milk them and force them out of business.
I'm a firm believer that what goes around comes around, *removed* I'm sure you're going to hear about this.
The story is that he just doesn't have the time or resources to look after this (self-sustaining) business. "I'll make a personal loan for the purchase price of the business; you can pay me off on time." says the newly appointed landlord, "...and you can pay me current month's rent." So what ensued was an individual collecting a ridiculous amount of money from the poor trusting soul who entered into this verbal agreement, until such time that the principal was paid in full.
Finally, the young man can say that he has something; a piece of Canadian Pie! Then your landlord barges in and demands the use of your space. You've already paid your rent, but he's the BOSS, RIGHT! etiquette would dictate: let him have his way.
Again a verbal agreement was made, since the rented space was tied up with a "huge yellow truck that puts out fires", that a month's rent would be waived. Effectively this put a stop to all incoming revenue for aforementioned business and left the new owner in a precarious situation for capital.
Here's the beautiful part: the landlord now demands 2 months rent inside of a 2 week period, or you're out! February's rent by the 15th, and March's before the 1st. Beyond that, he's now changed the locks, and taken all assets & stock hostage.
How could you proport to put someone into business, knowing full well that your master plan was to milk them and force them out of business.
I'm a firm believer that what goes around comes around, *removed* I'm sure you're going to hear about this.