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imported_Will · 27th November 2005, 01:14 PM

Vivid, buying your competition and closing them may not be as easy as it seems.
If they have a long time left on their lease the Landlord may allow you to assume the lease, but you would become responsible for it for the remainder of the term. Could be several years. Plus, if the Landlord is smart, which most are, they would also keep the competition on the hook for the remainder of the term.
I guess you could start another company and buy the competition, and then go bankrupt.
Why not buy them and run the salon,it may lock out others from coming in. Another thought is if you buy them and close, it still doesn't stop some other idiot coming in and opening another cut price salon.

27th November 2005, 01:14 PM	#11 (permalink)
imported_Will All Star Join Date: Nov 2004 Posts: 157	Re: Buying your competition Vivid, buying your competition and closing them may not be as easy as it seems. If they have a long time left on their lease the Landlord may allow you to assume the lease, but you would become responsible for it for the remainder of the term. Could be several years. Plus, if the Landlord is smart, which most are, they would also keep the competition on the hook for the remainder of the term. I guess you could start another company and buy the competition, and then go bankrupt. Why not buy them and run the salon,it may lock out others from coming in. Another thought is if you buy them and close, it still doesn't stop some other idiot coming in and opening another cut price salon.