Hello,
I am under LOI to buy a car wash in WA. During my due diligence, I learned that the current owner has employees who empty the wash pits monthly into the city garbage bins, and the city hauls the waste to the dump. The seller has a clean phase 1 environment, but from my understanding, the pits must be emptied by licensed professionals as it is considered hazardous waste.
What would you do? I have asked the seller to go to the county to get a letter stating that the current practices have been a mistake and that they will be handled by professionals in the future. Is that enough to protect me as a new buyer? Should I walk away from the deal? What would you all do?
Thanks
I am under LOI to buy a car wash in WA. During my due diligence, I learned that the current owner has employees who empty the wash pits monthly into the city garbage bins, and the city hauls the waste to the dump. The seller has a clean phase 1 environment, but from my understanding, the pits must be emptied by licensed professionals as it is considered hazardous waste.
What would you do? I have asked the seller to go to the county to get a letter stating that the current practices have been a mistake and that they will be handled by professionals in the future. Is that enough to protect me as a new buyer? Should I walk away from the deal? What would you all do?
Thanks