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Content provided by Shabbir Hossain, Shabbir Hossain : Entrepreneur, and Business Coach. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Shabbir Hossain, Shabbir Hossain : Entrepreneur, and Business Coach or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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GSB-19: 8 Closing Checklist You Must Check Off Before Buying A Gas Station Business

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Manage episode 151130509 series 1017202
Content provided by Shabbir Hossain, Shabbir Hossain : Entrepreneur, and Business Coach. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Shabbir Hossain, Shabbir Hossain : Entrepreneur, and Business Coach or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode I discuss a 8 point checklist that one should follow as the pre closing checklist to ensure the closing transaction is done smoothly and without any unnecessary hiccups. Not to mention following these 8 points property can save thousands of dollar.

  1. Check the merchandise pricing to make sure they are not out or range
  2. Negotiate the retail to cost percentage of the inventory you will be paying to the seller
  3. Meet with the employees and explain to them what is taking place
  4. Plan with seller for transfer of all regulatory licenses
  5. Transferring all utilities under your company
  6. Notifying all vendors about the change
  7. Identifying all unsalable merchandise at the closing day
  8. Follow proper Inventory counting process

The book I mention in this episode is The School of Greatness: A Real-World Guide to Living Bigger, Loving Deeper, and Leaving a Legacy by Lewis Howes

  continue reading

61 episodes

Artwork
iconShare
 
Manage episode 151130509 series 1017202
Content provided by Shabbir Hossain, Shabbir Hossain : Entrepreneur, and Business Coach. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Shabbir Hossain, Shabbir Hossain : Entrepreneur, and Business Coach or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In this episode I discuss a 8 point checklist that one should follow as the pre closing checklist to ensure the closing transaction is done smoothly and without any unnecessary hiccups. Not to mention following these 8 points property can save thousands of dollar.

  1. Check the merchandise pricing to make sure they are not out or range
  2. Negotiate the retail to cost percentage of the inventory you will be paying to the seller
  3. Meet with the employees and explain to them what is taking place
  4. Plan with seller for transfer of all regulatory licenses
  5. Transferring all utilities under your company
  6. Notifying all vendors about the change
  7. Identifying all unsalable merchandise at the closing day
  8. Follow proper Inventory counting process

The book I mention in this episode is The School of Greatness: A Real-World Guide to Living Bigger, Loving Deeper, and Leaving a Legacy by Lewis Howes

  continue reading

61 episodes

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