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It is probably not the sellers fault that I received the Sears contract so late. That would be the district manager being at fault. I believe I was supposed to receive the contract 30 days before I took over the store.
It might be hard to prove the seller"s labor but he told me and wrote it down that he had $58,000 in labor and that with a full time owner that could easily be cut in half. I will have that much in labor with me working over 60 hours a week. He also told me and wrote it down that delivery income would be 2,000 to 4,000 if I did my own installs. You can not make that much in this store each month. But that might be hard to prove also because some owners gross $40,000 per year in deliveries but with the cost of labor and fuel you might make 50% on the high end. Normally it would be closer to 30% to 40%. He told me that his deliveries were a wash but I found out later he had delivery income so the $2400 per month turns out to be less than I anticipated.
I know you can not give me all of the answers but thanks for all of your input.
Two last questions :
If Sears policy requires that a buyer receives 30 days to read a contract, and since that did not happen , is there some sort of recourse such as the contract not really being legal? Keep in mind I closed on the store and signed in ink , but post dated it for a week later. Also the contract was only a docusign and was sent to me the day after I signed in ink. Is the docu sign really legal? It seems rather peculiar that the contract would come out after I signed for the close of the business?
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