We went in completely blind, my assistant managing for the fabric store was the extent of my experience in managing, so of course I was completely ill prepared for the running of a gas
station/convenience store. My partner and I assumed the assets from the current owner and took over the lease on the property, all without consulting with an attorney first…NOT the most brilliant idea! The landlord on the property never provided us with a signed contract so when we attempted to obtain branding and a liquor license, we were shot down. Moral of the story…, we ultimately ended up in court and lost right around $100,000 in the entire deal. To make matters worse, I was VERY pregnant with daughter #3!
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