Small Businesses In Limbo As They Await Financial Help
Industry leader and California operator Maurice Brewster contributes insights to a Wall Street Journal article.
A friend admired my wife Hillary's 2009 Toyota Avalon. His wife also drove an Avalon but hers was a 2000 model and having some mechanical difficulties. He mentioned that if we ever wanted to sell our car, they would like to buy it. It caused me to look up the Blue Book value of the car and check with our bank on the pay-off amount. I took note of both and did nothing further.
Shortly after, my friend called and said his wife's car was "done." He wanted to know if I would consider selling my wife's car right now for $9,000 in cash. Considering I only owed $4,000 on it, it was a no-brainer. I could pay off the loan, put $5,000 down towards a new car, and my wife would eventually love me again. And, that's how it went down during her nap.
Well, recently, a man walked into our building and said he wanted to buy the building. Our building houses three separate businesses. The owner of our building accepted the cash offer and we had 30 days to vacate. That would have been O.K., except that the buyer wanted the phone system, desks, chairs — everything.
That meant we had to buy a new phone system, new furniture and move in the next 30 days. On Friday, we will vacate the office where we began our operations 24 years ago. Get ready, I’ll have more on this major, unexpected shake-up next week.
Related Topics: buying vehicles, Jim Luff, operations, selling vehicles, vehicle sales
Industry leader and California operator Maurice Brewster contributes insights to a Wall Street Journal article.
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