Lease takeover/Asset sale (How to properly not take on their employees)
Anyone been thru this? Seller seems to think I'm also taking on his staff. It's a full LLC change, just met with the landlord to confirm they'll allow me to take over the lease with the sale. However owner brought up their employees?! I said I'm going to be starting fully new, but had to tiptoe around it a bit. I wanted to say "You are going out of business"
There's caveats tho. The employees are local, neighborhood folks. Said one lives 3 houses away. My fear is bad word of mouth gets around.
People seem to think their store and brand have value, when it doesn't. Place has only been open a year, and it just looks terrible. Plates, cookware & tables don't match, 3 different styles of wallpaper.