"Will You Take a Note? ... For All of It"
Posted: Thu Sep 29, 2011 2:00 pm
Over the past few months, I have been scanning the classifieds of various medias for business opportunities. In short, any business that I see advertised for more than one week gets a phone call from me.
"Hello, I'll be brief. Will you take a note in exchange for a higher principle and/or more expedient terms?"
The answers have been quite hilariously no across the board. One super fucking Italian guy selling a laundromat for $75,000 asked me if I thought anybody would say yes. I told him, "it ain't a popularity contest, I don't need you all to say yes ... I just need one of you." He liked that but still said no. Apparently, these people think they get to call the shots in an economic - real or perceived - climate like we have now.
Anyway, I am going to meet the owner of an ice cream parlor tomorrow as he is the first person to not give me an outright no. I am bringing my bookkeeper (who, in her own words, has a degree in cooking the books and a masters in tax evasion) to help me look at it. He asked for $20,000 down and $40,000 in payments over 16 months.
This should be fun.
"Hello, I'll be brief. Will you take a note in exchange for a higher principle and/or more expedient terms?"
The answers have been quite hilariously no across the board. One super fucking Italian guy selling a laundromat for $75,000 asked me if I thought anybody would say yes. I told him, "it ain't a popularity contest, I don't need you all to say yes ... I just need one of you." He liked that but still said no. Apparently, these people think they get to call the shots in an economic - real or perceived - climate like we have now.
Anyway, I am going to meet the owner of an ice cream parlor tomorrow as he is the first person to not give me an outright no. I am bringing my bookkeeper (who, in her own words, has a degree in cooking the books and a masters in tax evasion) to help me look at it. He asked for $20,000 down and $40,000 in payments over 16 months.
This should be fun.