LOOSE LIPS, SINK SHIPS

In honor of his late father and to provide for his mother, their son took over the operation of the family sports bar… for a time. Then he had a better idea – have me sell the property so his mother had a nest egg and he could get back to his life. Made sense to me.

The existing business had no value. The kitchen had no working kitchen equipment and there seemed to be more drinking in the parking lot than in the bar. The business and the building may not have had any special value, but the property and its location did. Located on a busy block with plenty of traffic the property was one of only a few with good parking and access to both north and south bound lanes of Route 1.

Once the bar was closed and the personal property removed, the property was available for showings. The second group through the property made an acceptable offer. After settlement the buyer confessed they owned the business directly across the street. They didn’t have an immediate use for the property but didn’t want it to be acquired by one of their competitors. 

Undoubtedly there were many things said at that bar over the years that people wish they hadn’t said. Many brokers would agree that the settlement table has a similar reputation. They advise their clients that “loose lips, sink ships.”

Big or Small We Do Them All.

After selling the four commercial property assembly on Compton I was asked by one of the buyers to find a tenant for the second floor of the property they purchased. Most brokers would not consider this a jewel of a listing but I had gotten so many calls looking for a small office I knew it was in demand. It is now the new home of Allore Skin Care. 

Allore's lease had expired and the owner of that building decided to sell the property instead of renewing the tenant’s leases. In the small world category, I had already been asked by the owner of that property to list it for sale. Big or small, we do them all.