Capital 1 Bisiness Broker This company mislead their clients and trying to make money in any filthy way they can.managed by Gregory Edgecomb. They make you sign document for selling the bhsiness without providing any service what so ever. I had to call them even though they misled me at first for selling me the business which i understand it was my fault for beleiving them. I have contacted the broker Merrick 3 months ago, this gentelaman didnt even bother for meeting up with me or discussing anything or even taking pix of the place, three months after i haven't heard anything from the guy, I went out of the business and i had to contact him to reduce the price to sell it half of the original price. He contacted me 2 weeks later ondicating that Gregory told him even if i had to shut down the place i have to pay $15000.00 for violating the agreement. They are complete rip offs for asking money for doing NOTHING.
They include many unethical clauses that means you pay them their commision no matter what. Weather they complete the sale or not they will sue you for the high commission. They are in the business to trap you look for a more ethical business as these guys are sleasy crooks.
If you plan, to sell, your business Beware of their Listing Agreement. Capital 1 Commercial Group will SUE you if you dont comply. Item 4 in their listing agreement is the most important. I have Item 4 of their contract is below. A summary of what it says in lemans terms They charge 10% of the total purchase price or 12,500 whichever is greater.(A) If someone offers full price and terms you owe a commission.(B) If you sell, trade or close your doors you owe a commission.(C) If you terminate the listing agreement you owe a commission. (D) If you do something to mess up the sale you owe a commission. (E) For 2 years after the listing agreement expires you cannot sell to pretty much anyone without owing a commission. (F) If you violate any government codes (health, fire, OSHA,ect) you owe a commission.(G) If you lie about sales, gross income, cash flow, ect. You owe a commission.
Capital 1 Business Brokers Reviews
Capital 1 Bisiness Broker This company mislead their clients and trying to make money in any filthy way they can.managed by Gregory Edgecomb. They make you sign document for selling the bhsiness without providing any service what so ever. I had to call them even though they misled me at first for selling me the business which i understand it was my fault for beleiving them. I have contacted the broker Merrick 3 months ago, this gentelaman didnt even bother for meeting up with me or discussing anything or even taking pix of the place, three months after i haven't heard anything from the guy, I went out of the business and i had to contact him to reduce the price to sell it half of the original price. He contacted me 2 weeks later ondicating that Gregory told him even if i had to shut down the place i have to pay $15000.00 for violating the agreement. They are complete rip offs for asking money for doing NOTHING.
They include many unethical clauses that means you pay them their commision no matter what. Weather they complete the sale or not they will sue you for the high commission. They are in the business to trap you look for a more ethical business as these guys are sleasy crooks.
If you plan, to sell, your business Beware of their Listing Agreement. Capital 1 Commercial Group will SUE you if you dont comply. Item 4 in their listing agreement is the most important. I have Item 4 of their contract is below. A summary of what it says in lemans terms They charge 10% of the total purchase price or 12,500 whichever is greater.(A) If someone offers full price and terms you owe a commission.(B) If you sell, trade or close your doors you owe a commission.(C) If you terminate the listing agreement you owe a commission. (D) If you do something to mess up the sale you owe a commission. (E) For 2 years after the listing agreement expires you cannot sell to pretty much anyone without owing a commission. (F) If you violate any government codes (health, fire, OSHA,ect) you owe a commission.(G) If you lie about sales, gross income, cash flow, ect. You owe a commission.