Buying a Car Wash In NY or NJ: Learning From a Deal that Went Bad | Franchise Law Blog

Buying a Car Wash In NY or NJ: Learning From a Deal that Went Bad

This past week a great client closed on the purchase of an automated car wash. Although this transaction closed promptly and went extremely smooth‚ this deal was preceeded by a transaction that‚ ultimately was just not good for my client and was anything but smooth.  In fact‚ the prior transaction‚ unnecessarily‚ involved an eight month process and‚ ultimately‚ fell apart at closing.  I know the client is glad – really glad – that the prior deal fell through.  Having gone through this process‚ here are some thoughts that I have for prospective car wash purchasers:

For my client‚ walking away from "the bad deal" will probably make all the difference in the success of the business that he finally closed on 12 months later.  Sometimes delays and "dead deals" happen for a reason.

LEARN MORE (Before You Sign a Contract):

Order a complimentary copy of Charles N. Internicola's Book:  "An Entrepreneurs Guide to Purchasing a Business" 

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Category: Business Transactions

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