Beware!
We have been frequent visitors to Buena Vista Class A RV Resort in Orange Beach Alabama for several years. This is one of the nicest RV resorts we've every found. During our stays there, the managem...
Forum Discussion
Ductape wrote:
Nonsense. Sale of a business includes all assets and liabilities unless specifically excluded.
Exactly! Buying a business involved doing ALL of your due-diligence to identify all aspects of the existing operating business.
Now if you were going to buy a building and tear it down and start a new business, that is different.
In this case, it appears that the new owners wanted to do a seamless purchase of an existing RV park and either they failed to do a complete examination of the existing business, and the way it was run, or they just didn't care.
Either way, the new owners could have handled things differently to maintain their loyal customer base, which is what they were probably hoping to do when they bought the business.
They are starting off with a "fail" in their new endeavor.
