Have a business buyer I am assisting with
SBA financing to purchase a gas station and real estate & a $2.6M dollar deal. The seller and buyer are in the 11th hour of escrow and yesterday Santa Claus got between the seller and buyer! As the buyer was walking the premises of the gas station yesterday she spotted a decorative Santa for the Holidays. The sellers who were with her informed her that they "were taking Santa after the sale" & the buyer called me upset that she thought all items in a business went with the business at the time of sale!
The owners need to make a list of all assets that are to go with the business, and outline what assets, items, and trinkets are to go with them (the sellers) at the close of the deal & that way there are no "Santa" issues when a deal is about to close.
Also "pick you battles" carefully in deals & I know emotions are elevated in the final stages of a deal, but some things are just not worth bickering over. Is a 4 ft plaster Santa decoration worth losing a $2.6M dollar deal?•
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