Selling out and shutting down
Should a buyer pay more for a building if selling it would mark the end of the owner’s business?
Michael, Salem, Ore.
Dear FSB: My parents have a small business and own the building in which it operates. The person next door would like to expand by buying my parents’ building, and keeps asking them for a price at which they would sell. My Dad would like to retire if they sold it, and would lose the income from the business. Two questions: Should the person pay a premium because he needs the building to expand? (Supply and demand, right?) And second, should the value of the business itself be added to the asking price, since he would be putting my Dad out of business?
Read more…
Comment
DiggSteps for setting up a 401(k) for your business
Sammie wants to know how to set up a 401k. Do you have thoughts to share on this process? Let us know!
Features-
Should you use carrots - and sticks - to nudge your employees toward better health? more -
An entrepreneur says he's found an endless source of cheap energy. Trouble is, it violates the laws of quantum physics. more -
Six are dead in Kentucky. Should business owners have the right to ban guns from the workplace? more -
These five next-generation green vehicles will be faster, more powerful - and cheaper. more -
A small U.S. tour business sends animal lovers into the bush to help threatened species. more -
A rural indie channel is paying $25 million to pair the shock jock's chatter with tractor pulls and Christian cowboys. more
