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Michael P Lydick
We were under contract with Website Closers for two years and believed going in that we would fall along with their marketing messages and be sold within a year per their high percentage sales marketing language. Inside of the two years, we were presented with no fewer than four L.O.I.'s (as a fully qualified SBA seller) that all fell through. In all four instances, we were highly disappointed with the quality of the buyers - all four of whom were unable to qualify for funding with the SBA. While I believe that the people involved with us at WC had good intentions (the brokers), we were left at the alter four times with nothing to show for the hundreds of man hours invested on phone calls, preparing financial reports, and taking valuable time away from running our actual business (which had record profits the final year under contract.) I would advise anyone considering working with WC to negotiate a shorter term contract (6m vs 12) and require that any buyers submitting L.O.I.'s have pre-financing approval with proof of assets / funds prior to considering any offer. We are moving forward with a WC competitor. I found our experience with WC to be for lack of a better word heartbreaking with virtually nothing to show for our time with their agency after two years.
2 years ago
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