My husband has been operating a small franchise that is successful enough and decided to purchase another in a more lucrative location. The deal went through quite smoothly (although the previous owner was hesitant to sell at first due to the low offer). On the first day, 1 of the 4 employees quit, and the rest took a 2 weeks leave for reasons that were not reported. He then found out recently that the previous owner had not been sending out products to customers. Apparently, he sent out invoices, customers paid them, and he voided them after. There are around 60 businesses suing us, and he is preparing to sue the previous owner. We most likely couldn’t sell, or even operate in this location since the store’s reputation is horrible. I am not well versed in this at all, so if there are any advice on what we could do, I would appreciate it tremendously. Thank you.
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