Black business owner refuses to sell out. Turned down 3 million dollar offer

[Field Marshall Bradley]

Hell, he could probably take the $3mil+ offer and have those developers pay for his new location and rent..

Yup. And they will do it

 

[Field Marshall Bradley]

It's a private business trying to buy from him....not the city/government. He's fine.

If it were the CITY trying to get the spot, he'd be fukked.

This.. private investors will come back with more money before shyt gets drastic... but the state wouldn’t have offered half of that, and if he turned it down... it would’ve been a problem

 

[Tribal Outkast]

He gon take that 4 million dollar offer when they come back round.... milk they ass my G... cause at the end of the day.. they building the condos in that spot anyway

Yep... wouldnt be surprised if an overnight “suspicious” fire happened there if dude don’t sell. Hope they know what they’re doing.

 

[BucciMane]

Yup. And they will do it

He'll make out well. He has many options, and even if he decides sell the lot, that doesn't mean he's closing his business, nor does it mean he's selling out. He could get that $3mil+, get a new building, with new equipment, and continue to thrive. Hell, he would have the money to open up more locations IF he wanted too (not sure if he would as it was a family business).

No doubt he'd get the private investors to pony up more loot, AND pay for his new location. Hell, he could probably even get a piece of the rent from the apartments they build..

 

[Matt504]

he's gonna sell.

 

[Standing on business]

Great location. Hold out until they offer you 4-5, then take the money

 

[Serious]

Breh if that land is that valuable that they want him off it, it’s probably worth a lot more than what they offered him. Especially if his biz is thriving. That’s my point.

This is always the truth. That 3 million that offered him would probably be recouped in no time, if they're charging like 2.5k+ a month in a minimum at rent, plus there's like 40-50 units..

 

[TEH]

The only history these Cacs respect is their own

 

[KingTut]

I'll be pulling up this weekend to support

 

[Arithmetic]

He knows he can sell at any time. Tell them to come back with another 3 for the community.

 

[Tflasha]

I'll be pulling up this weekend to support

may have to pull up on 12th st myself

 

[LurkMoar]

Imma go there next time I go to Austin. Hopefully he can hold out while the area develops around him.

Thats when the real money comes in

 

[WaveCapsByOscorp™]

Better yet, he should be buying area around him too, if he has the ends for it. Or create some business plan to get access to loans...

 

[WaveCapsByOscorp™]

He better pray they don't pull an eminent domain on him and give him even less

That’s only if it’s for government purposes I believe though. Like the government would have to intend to develop in that neighborhood.

 

[BEN23]

good for the brother...he should hold out.....but why don't he fix up the outside of his business..shyt look like a junkyard...i hate when places make money and don't upgrade or renovate.