Quote:
Originally Posted by GodSmile
During a couple of my (now rare) early morning commutes, I noticed that the electronic sign outside of Patrick's has a message up about the Market and Deli being for sale. I first noticed it around October or November of last year, and saw it again this week.
Seems like the business practices discussed here may have caught up with them? COVID may be a contributor, but we certainly had a busy year with visitors/vacationers.
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When buying a business, there is a value for "goodwill". It's a subjective value but is supported by a businesses established good reputation.
Never on a balance sheet is "badwill". Buying a business with a bad reputation may be very hard to overcome. It's probably easier to ruin a good business, than to rebuild a bad one. However, rebuilding a bad one can be more rewarding and perhaps more profitable.