I made an offer on a business and submitted a deposit with a signed LOI. This letter was non-binding and when the sellers did not accept my offer the broker, Sunbelt Northern Virginia refused to return my deposit.
I am now about to enter litigation with the broker. This broker is incompetent and even asked me to "bullet point" the purchase agreement so he could better understand it. I will never do business with these clowns again! Beware of Greg Ellwood, not only is he incompetent he also forces legal and accounting advice on those who are not his clients.
Business Brokers are like Realtors, 99.9% of them are idiots and Sunbelt is the worst of them all. Try going to their website and looking up contact information for their corporate office.
Product or Service Mentioned: Sunbelt Network Customer Care.
Reason of review: Return, Exchange or Cancellation Policy.
Monetary Loss: $14560.
Preferred solution: Full refund.