MrGarrison Posted September 6, 2022 Share Posted September 6, 2022 7 minutes ago, 2112 said: 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. There’s realism and then there’s this. A shop in a fairly grim area. But wait it’s not even the shop just a 5 year lease on a fairly grim shop that you’ll have to re-negotiate in a few years time. https://www.chrystals.co.im/commercial/commercial-sales/property/11246064-bathurst-street-douglas Quote Link to comment Share on other sites More sharing options...
NoTailT Posted September 6, 2022 Share Posted September 6, 2022 3 hours ago, WTF said: wow, maybe they lost their government contract??? https://www.signatureacquisitions.com/buy-a-business/iomvehicleservicebusiness Quote Link to comment Share on other sites More sharing options...
NoTailT Posted September 6, 2022 Share Posted September 6, 2022 3 hours ago, WTF said: wow, maybe they lost their government contract??? https://www.signatureacquisitions.com/buy-a-business/iomvehicleservicebusiness Quote Link to comment Share on other sites More sharing options...
forestboy Posted September 6, 2022 Share Posted September 6, 2022 54 minutes ago, NoTailT said: https://www.signatureacquisitions.com/buy-a-business/iomvehicleservicebusiness That’s some asking price. Wonder what the lease details are. Quote Link to comment Share on other sites More sharing options...
Banker Posted September 6, 2022 Share Posted September 6, 2022 The old Mr. Bs in willaston is reopening as a similar shot which I would think will do very well as loads of construction workers in area & residents looking for baps, pasties eyc Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted September 6, 2022 Share Posted September 6, 2022 19 minutes ago, forestboy said: That’s some asking price. Wonder what the lease details are. That doesn't even say its that business to be honest. Speculating on doom and gloom. Quote Link to comment Share on other sites More sharing options...
thommo2010 Posted September 6, 2022 Share Posted September 6, 2022 35 minutes ago, Banker said: The old Mr. Bs in willaston is reopening as a similar shot which I would think will do very well as loads of construction workers in area & residents looking for baps, pasties eyc When Mr B's was open it was always busy so yeah will do well. Quote Link to comment Share on other sites More sharing options...
NoTailT Posted September 6, 2022 Share Posted September 6, 2022 48 minutes ago, forestboy said: That’s some asking price. Wonder what the lease details are. It's a busy and successful business though I think. Someone did tell me that the owner's wife is unwell and might be the 'reduced due to personal reasons' inferred in the listing. 1 Quote Link to comment Share on other sites More sharing options...
Passing Time Posted September 6, 2022 Share Posted September 6, 2022 52 minutes ago, NoTailT said: It's a busy and successful business though I think. Someone did tell me that the owner's wife is unwell and might be the 'reduced due to personal reasons' inferred in the listing. Problem with advertising "repeat business" is that it's not guaranteed unless contractual. If the new owner is not liked then you're not getting any business never mind repeat business Quote Link to comment Share on other sites More sharing options...
NoTailT Posted September 6, 2022 Share Posted September 6, 2022 (edited) 15 minutes ago, Passing Time said: Problem with advertising "repeat business" is that it's not guaranteed unless contractual. If the new owner is not liked then you're not getting any business never mind repeat business I imagine a lot of people use Quayside because of the familiarity with the owner and his sons that work there, to be honest. You're right. Unless they still have the DOI maintenance contract, which is good business I'd imagine. Edited September 6, 2022 by NoTailT 1 Quote Link to comment Share on other sites More sharing options...
Bandits Posted September 6, 2022 Share Posted September 6, 2022 1 hour ago, Passing Time said: Problem with advertising "repeat business" is that it's not guaranteed unless contractual. If the new owner is not liked then you're not getting any business never mind repeat business Perhaps that is the case. I’d think those sort of businesses would likely have formal longer term maintenance contracts in place. 1 Quote Link to comment Share on other sites More sharing options...
Roger Mexico Posted September 6, 2022 Share Posted September 6, 2022 1 hour ago, NoTailT said: Unless they still have the DOI maintenance contract, which is good business I'd imagine. Don't be silly. The DoI will have cancelled the contract due to "reduced spending on maintenance". If something goes wrong with a vehicle, they'll just buy a new one. 1 Quote Link to comment Share on other sites More sharing options...
Numbnuts Posted September 6, 2022 Share Posted September 6, 2022 Tower house ... Dear customers Tomorrow Wednesday the 7th of september the kitchen will be closed due to staff shortage. We will be servind only drinks and cakes . We apologise for any inconvenience caused beginning of the end maybe ?? Nice in there tbh but really quiet last couple of times in there . 1 Quote Link to comment Share on other sites More sharing options...
offshoremanxman Posted September 6, 2022 Share Posted September 6, 2022 1 minute ago, Numbnuts said: Tower house ... Dear customers Tomorrow Wednesday the 7th of september the kitchen will be closed due to staff shortage. We will be servind only drinks and cakes . We apologise for any inconvenience caused beginning of the end maybe ?? Nice in there tbh but really quiet last couple of times in there . Is that the atrium cafe? Quote Link to comment Share on other sites More sharing options...
Asthehills Posted September 6, 2022 Share Posted September 6, 2022 9 hours ago, MrGarrison said: There’s realism and then there’s this. A shop in a fairly grim area. But wait it’s not even the shop just a 5 year lease on a fairly grim shop that you’ll have to re-negotiate in a few years time. https://www.chrystals.co.im/commercial/commercial-sales/property/11246064-bathurst-street-douglas A growing business with an opportunity to branch further into the market that the closure of Mr B’s all over Douglas has left open? It seems decent value to me. Look at the one on the end of Westmorland road that is now all new and shiny. Newsbeat is always packed and doesn’t even have to open weekends or after 5. Quote Link to comment Share on other sites More sharing options...
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