Have you ever wondered what goes on behind the scenes when buying or selling a restaurant? In the complex world of business transactions, having a trusted escrow company on your side can make all the difference. But what exactly does an escrow company do, and why are they so crucial?
In this episode, we sit down with Sally Rowshan, founder and president of Secured Trust Escrow, to dive deep into the intricacies of escrow services. With her extensive background in real estate and financial services, Sally brings a wealth of knowledge and experience to the table.
From navigating the challenges posed by government agencies like ABC and CDTFA to handling high-stakes transactions with precision, Sally shares her insights on what makes restaurant escrows uniquely complex. She also reveals some of her most memorable and challenging escrow experiences, offering valuable lessons for buyers and sellers alike. Get ready to take notes as we explore the world of escrow and learn how it can be a lifeline in the often-turbulent waters of restaurant ownership.
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What You’ll Learn from this Episode:
Why holding escrow is vital for protecting both buyers and sellers in business transactions.
How escrow companies navigate the complexities of dealing with ABC and CDTFA in California.
The potential pitfalls of early possession and why it's crucial to approach it with caution.
What buyers and sellers need to know about successor liability and the importance of due diligence.
How an experienced escrow officer can help mitigate risks and ensure a smooth transaction.
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Featured on the Show:
Oste - restaurant in West Hollywood, CA
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