“Time kills deals. The longer from start to finish, less likely the deal is to transact... acquirer threw stuff at them during 90-day period to distract and negotiate down price”
♫
Said on Owner To Owner Podcast
Digital Hospitality · The Reality of Buying a Small Restaurant Business | Chat w/ Thomas Durden, Urban Tea
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
negotiated to buy the business for $20,000 less than the original price and made monthly payments
$20,000
“Time kills deals. The longer from start to finish, less likely the deal is to transact... acquirer threw stuff at them during 90-day period to distract and negotiate down price”
“Don't buy anything unless it's 15 to 20% below that price. That's how you get equity without market appreciation”
“Ten months ago, his company, Eller Industries, paid more than $750,000 for an exclusive window of time to acquire the Indian brand at a full asking price of $20 million.”
“Chinese prices start at US$20,000 for the little Neo Firefly with the big battery. But it'll start from US$12,000 if you rent the battery. And then you have an ongoing payment because you're leasing or renting the battery. And that's US$100 a month.”
The strongest new moments on your topics, in the speakers' own words. Free for three topics.
No card. No password. One-click unsubscribe.
Pro watches up to 25 names or phrases and emails you the morning after they are said.
See Pro, $29 a monthVerbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.