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Would you....

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  • 18-08-2009 6:14pm
    #1
    Madame Razz
    Closed Accounts Posts: 13,252 ✭✭✭✭


    Would you buy a house now or invest in a business?

    Namely a business which is small but with a healthy turnover and a tidy profit, and a reasonably long lease left.......


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    #2
    AARRRGH
    Closed Accounts Posts: 12,382 ✭✭✭✭AARRRGH


    Depends on the business, but I defo wouldn't buy a house now!


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    #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    Madame Razz wrote: »
    Would you buy a house now or invest in a business?

    Namely a business which is small but with a healthy turnover and a tidy profit, and a reasonably long lease left.......

    If I was investing a business at the moment- and I was told there was a reasonably long lease left- before I signed anything over- I'd be seeking a significant renegotiation of the lease (commercial rents are in freefall- landlords are offering exceedingly generous terms to tenants).

    If the business is continuing to be profitable in the current climate- it sounds like a fairly rock solid business. Get someone who knows what they're looking at to examine the books for you though.


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