i don't think you understand the magnatude of debt that julie incurred for kepp. she didn't pay suppliers or vendors for materials for months, hell she didn't even pay the phone bills, months went by before the 800 # was put back on line. she didn't pay employees or they would have to wait additional time to get paid. she didn't even pay brett period.that's when he left. as most ordinary people work you get paid at weeks end to satisfy your lifestyle. as much as she went through you could have bought your own island in the keys. trading of motors, all that chit is true. as for former employees buying , thats pie in the sky as the debt is as high as MT EVEREST. america is the land of opportunity and the capital of BANKRUPCY.........Originally posted by bajalion
In my line of work I've seen this probably 100 times. Reputation built on quality service delivery and a reasonable (not lowest) price.
Owner sells for one reason or another. New buyer is heavily leveraged and very profit motivated. They overdistribute, lower quality, hire idiots for customer service. Down turn in the economy in the last 3 years took a heavy toll on these companies. Many did not make it. Near the end they become desperate.
It is a great opportunity for former employees to start a new company or even buy a company for a song. New players can fill this niche.
America is great land of opportunity.