Busines sales

7
Jun

Directors sued over lease guarantee to prior landlord 20 yrs on

The former directors of a food-service business who sold down their shares to a new operator have been sued for the buyer’s rent arrears under a personal guarantee they signed 20 years earlier in favour of the property’s former owner. Anthony Rich acquired the Rocklea warehouse from West Pacific Properties in July 1998. Just two weeks earlier the vendors had granted a

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19
Feb

Going south: House & boat in Cape Tribulation resort swap

A $4 million deal for the sale of a Cape Tribulation resort was as exotic as its location is spectacular. An 8 acre oasis in the World Heritage listed

18
Jun

Candyman wins stores, loses battle in cigarette franchise turf war

Travers Beynon aka Candyman last week suffered a major setback to the aggressive expansion of his

13
Apr

Property manager sued for poaching, defections “valued like rent roll”?

A national real estate office has successfully sued its former property manager for misuse of confidential information and poaching clients.

28
Aug

GP alleges Palm Beach practice buyer misleading & deceptive, walks out on contract

A GP who walked out on his employment contract with the medical centre that bought out his former practice has been sued for the financial loss that resulted. Ron van Houten sold his practice at the southern end of Palm Beach on the Gold Coast at the end of 2007 to IPN Medical Centres for $320k. It was a condition of

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23
Aug

Company allows staff to occupy caretaker’s residence: unauthorized subletting, option refused

A scrap metal company has lost the lease of its wrecking yard because it sub-let a granny flat in the on-site residence to a part time worker.

15
Jun

Sales “target” data fans flames of Pizza franchise furore

The buyer of a Kingscliff restaurant franchise who relied on what he thought was a projection of weekly sales has sued Pizza

21
May

Eye for an eye: $11 mil fight rages over surgery contract breach

A leading ophthalmologist who walked out on his contract at a central Queensland treatment clinic with two years left to run has appealed against a court ruling that sees him paying more than $10mil to the Victorian company against whom he promptly started up in competition. Vision Eye Institute P/L acquired Dr David Kitchen’s existing Rockhampton, Mackay and (related) Bundaberg practices in 2006

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17
May

Agent, buyer & seller emails form binding contract; too late for higher offer on FNQ roadhouse sale

A deal for the sale of a North Queensland roadhouse documented only by a brief email exchange and expressed to be

17
Apr

Settlement measures sidestepped, court upholds 71% comm rate in Robina brokerage sale

The relatively simple sale of a Mortgage Choice franchise at Robina descended into a two-day court argument over differing interpretations

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