I Need Help,We Bought A Resturant
Well,
My problem started back in july. Looking for a Resturant / pizza joint . Great we finally found 1.Listed as sub/ice cream/ pizza Resturant. We just bought buisness not building. Building is a going to be leased. Finally what we wanted, We done a purchase contract threw realitor. All gravy so far. Well after we were looking we need to put in a vent for new conveyor oven. We done it. Took along time. 11,000 worth of work. We set down and closed on Resturant. Seller said he will hold morgage w/ money down. Great so far. After we closed we had to sit down with lease manager to sign lease. Guess what we couldnt have pizza . But it was advertised as pizza. HMM, thats what i know best is pizza, managed a pizza place for last 10.5 years. Well were stuck with ice cream and subs and regular grill, buisness sucks, if we had pizza we could boom , any suggestions, this really sucks, looks like were going to loose it do to no big demand in subs and grill, im 45,000 in whole so far invested in this, evryone one said buisness when open be worth more if i wanted to sell, shoot who would buy . Resturant BARELY BREAKING EVEN. Need to vent and try to get some advise on legal side. My lawyor was the one to close deal, now they said since the Resturant was closed and a pizza joint came in 3 doors down i couldnt selll, but pizza joint sells subs, but they rename them sandwichs on italan sub roll, what ya think. Shouls i rename a pizza to shack pie or something ,lol
Wade,
How about "cheese topped italian pancakes".?
Sorry about the situtation.
Good luck
Krish
Well it was listed as a ice cream and pizza joint so maybe you should try and talk to the leasing manager and tell him/her your troubles.
wade,
Glad to meet you.
Paint all the front windows, no markings what so ever or no walkin traffic.
Rename to the Secret Pizza Place, delivery only. Now in your advertising say "Best Pizza in Town, it is so good we have to keep our location secret because we could not handle the crowds showing up once anyone tastes our pizza." "We were going to use armored cars for delivery, however our drivers are trained in wise guy Italian to stop hiests of our secret receipe pizza and in delivering your hot tasty pizza in 30 minutes or less.
The way I understand it you cannot have folks walk in for pizza, but you should be able to deliver off premises.
I sure as heck would get very creative before I would be out $45 large ones.
John $Cash$ Locke
[addsig]
If you take any money, goods or services in return for rent due you will likley nullify the eviction process that you have started. I would evict them, get them out of the house, and then take them to court for damages.
Take the money then evict them.
The only advice I can give is to not get legal advice here. Your friend needs a competent attorney to answer these questions.
Did she have a power of attorney? If she did she has every right to sign anything.
if she didnt have a power of attorney or a delegation of authority, then your friend should raised the issue or better yet, hire an attorney. it might also be a good idea to call the mortgage co for the property with $100k equity and make sure no refi or HELOC is processed without his written consent
Thank you everyone...She had NO POWER OF ATTORNEY. By the way, the property that he was awareded during the settlement is the SAME property she illegally signed the quit claim deed on and refinanced so he has no way of checking with the mortgage company since his name is NOT on the loan. This situation is a mess. I actually feel sorry for the man.
Sounds like she could even get jail time.
thanks everyone for your comments. Everything has been turned over to an attorney. I will let you know the outcome.
File a Liz Pendens on the property he was awarded in settlement, this should cause any mortage and title company to ask many questions or cease any loan activity prior to it occuring.
However, why has the court not been made aware of this, the attorney needs to bring both of these things to the attention of the court and seek an injunction against the wife from disposing of, refinancing, destroying, or significangly altering the value of the property, including through failure to keep it in good repair and proper condition.
The greatest mistake he made was to have been married to such a spouse.