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Want to take a loan for a pharmacy shop but valuation from the bank came as a zero
I was in the process of purchasing a 100hpurs pharmacy. The bank offer was conditional upon the valuation report. The valuation was done and was disappointed that business valuet who assessed it made a nominal value of zero, although the business is running properly.
I can't understand that if a business is running how can the valuer made it zero that is the business is not running at all
Only reason for that was the valuer said that I can't work more than 48 hours and I have already made plan to work 80 hours per week
Which is usual for an independent owners.
He is also writing in his report that there are many pharmacy around so he is assuming that this business will not work and due to his
Report the bank is now reluctant to give me the loan
I am feeling so disappointed with the valuers way of dealing and assuming things
Can some one please device me on how to deal with this.
I can't understand that if a business is running how can the valuer made it zero that is the business is not running at all
Only reason for that was the valuer said that I can't work more than 48 hours and I have already made plan to work 80 hours per week
Which is usual for an independent owners.
He is also writing in his report that there are many pharmacy around so he is assuming that this business will not work and due to his
Report the bank is now reluctant to give me the loan
I am feeling so disappointed with the valuers way of dealing and assuming things
Can some one please device me on how to deal with this.
0
Comments
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If the pharmacy you want to buy is such a goldmine why is it up for sale?
Many doctors surgeries (near me anyway) have their own practise pharmacy doing away with having to collect from Boots etc - how would this affect your future business?
Has this happened near to you?0 -
Why do you want to work 12 hours a day, 7 days a week?0
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Multiple threads OP already had answers in two other threads, OP please do not spam the forums with the same question people spend time answering questions only to find someone else has already given the same answer elsewhere.
https://forums.moneysavingexpert.com/discussion/5390156
https://forums.moneysavingexpert.com/discussion/53902020
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