Jump to content

Firm closing


finlo

Recommended Posts

20 hours ago, 2112 said:

Probably cutting back in some way shape or form. It’s going to happen to lots of firms. Maybe bread will be produced two days of the week - Friday and Saturday?

There seem to be a few businesses popping up for sale on Facebook recently. You do get the feeling that many have had enough. Can’t see many people wanting to take a fucked business faced with rapidly rising fuel and staff costs off anyones hands though. 

  • Like 1
Link to comment
Share on other sites

23 minutes ago, Newsdesk said:

There seem to be a few businesses popping up for sale on Facebook recently. You do get the feeling that many have had enough. Can’t see many people wanting to take a fucked business faced with rapidly rising fuel and staff costs off anyones hands though. 

Can you blame them? I can understand retirement and nobody to leave the business to. Sadly on this island it’s not straight forward, for example, if a business is surviving against the odds and its lease in its premises is up for renewal, the owner of the building increases the price, thereby making a business harder to make money - coupled with all the additional burdens. 

Link to comment
Share on other sites

13 minutes ago, 2112 said:

Can you blame them? I can understand retirement and nobody to leave the business to. Sadly on this island it’s not straight forward, for example, if a business is surviving against the odds and its lease in its premises is up for renewal, the owner of the building increases the price, thereby making a business harder to make money - coupled with all the additional burdens. 

But it seems fairly optimistic to expect someone else to buy your problems off you with real cash. 

Link to comment
Share on other sites

19 minutes ago, Newsdesk said:

But it seems fairly optimistic to expect someone else to buy your problems off you with real cash. 

Agree.

This is the IOM where you can, and IOMG bullshit and spin permeate, to the point where people believe it wholeheartedly. 

If you are going to buy an existing business you would think that buyers would do their homework - due diligence - except if your IOMG. 

  • Like 1
Link to comment
Share on other sites

25 minutes ago, MrGarrison said:

It will be on a good while yet. A mate of mine enquired about it. They want over £100K for a 15 year lease and a name. Same with the cheeky twat who has the corner shop on Bathurst St for sale at Crystals. 

It’s simple really, either someone pays the amount wanted or negotiates a price or the business remains for sale or closes. It’s life. Business owners should in all honesty have a sense of realism though, the island isn’t awash with cash anymore. 

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...