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Considering a Mission food route scared of termination clause

I am considering a Mission foods route. My biggest concern is the mission contract has a termination clause in it that says they can cancel at any time for any reason and it does not mention any compensation to the owner of the route. I consulted a lawyer and they said stay away from this as the seller wants cash up front with no guarantees.

Is this standard practice. Can I invest $250K and loose it all if mission decides to pull the plug?

I would appreciate any insight you have.

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a g
Fulton County, GA

Even if they offered to remove the clause I STILL would not do business with them. I don't trust people that put stuff like that in contracts. Yes you can loose it all.

While I am at it, here is what I told a couple other guys recently.

Lets get several people together in a holding company and buy several businesses in different industries. That way we are protected against individual failures (oh, did you buy that gas station right before they closed the street its on?) and economic fluctuations. Or conversely, we could form an agreement purchase the businesses on our own and then sell to our holding company. I'd be happy to help you guys out. I'm big on strategy and policy as well as fairly well educated and experienced.

Jun 30, 2014

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