A local jeweler in our area sold his store to a group of Doctors around 1990. He had a large store with an incredibly large amount of very valuable jewelry. They paid him over $3,000,000.00 for his store. I never understood what possessed them to pay that much considering, he did not own the building that the store was in and they did not purchase his merchandise. They got used showcases, displays, jewelers tools and office equipment. Needless to say, they store quickly went out of business and he laughed all the way to the bank.
Apache
|