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Business advice for a wine shop owner..

by oh4shiz / March 27, 2007 10:15 AM PDT

Hello this is beyond desparate but I'll post anyways and hope for the best. Currently I own a Winery that is nearly on its way to failure. I've owned the store for over a year and have a 5 year lease agreement. Our rent payment is almost $4500 a month. We are currently behind in rent and won't be able to make next months rent. We simply don't have the cash flow to keep up with the payment of this rent.

What kind of advice out there does anyone have for me? What do you think my options are? What would you do?

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Time for the lawyer.
by R. Proffitt Forum moderator / March 27, 2007 9:41 PM PDT

There are ones that understand what to do. As to the lease there is no blood in a turnip so getting out of the lease is not unusual. You just need a good lawyer to navigate. But you will have to pay the laywer eventually.

Bob

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Strike a deal
by entrecon / April 5, 2007 6:24 AM PDT

Do you have an open dialog with the individual you make payments to?

I would make sure that I had my business plan/budget/etc. together and go to them and lay it for them. If the business is not running well because of economy, I am sure they don't want it back and will be glad to work with you (some money from you is better than no money from anyone)

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