Quote:
Originally Posted by legion
When I moved to Bloomington, there was a store called "Direct Factory Outlet" that sold cheap furniture at rock-bottom prices. Its commercials always ended with the line "where you always get a free onion".
Since I have been in Bloomington, this guy has, like clockwork, shut down his furniture business every two years and started a new one under a new name. He always does the commercials, and he almost always gives the onion line.
I wonder, is there any advantage to going out of business every two years?
The best I can think of is that he sells stuff at a loss or a near loss, and when it comes time to pay for the inventory (he's strung his suppliers along for as long as possible), he declares bankruptcy and starts a new furniture business.
Thoughts?
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Taxes, maybe? I can't imagine he is stinging suppliers every couple of years and then they sell to him under the new name. It has to be something else.
ps: 7000 to go!