I don't think the business I bought is worth what I originally agreed it was worth.

[Guest]

I purchased a business almost a year ago and haven't been able to make the monthly payments to the person I bought it from. They did allow me to reduce the payments which I still struggled to pay so theyallowed me to further reduce the payments.

I am still finding it hard to amke repayments and I have now decided that the price we originally agreed, was too much. Could anyone tell me where I stand, is there any way I could get the original agreed price reduce to suit what I think the business is actually worth.

[pt2537]

I purchased a business almost a year ago and haven't been able to make the monthly payments to the person I bought it from. They did allow me to reduce the payments which I still struggled to pay so theyallowed me to further reduce the payments.

I am still finding it hard to amke repayments and I have now decided that the price we originally agreed, was too much. Could anyone tell me where I stand, is there any way I could get the original agreed price reduce to suit what I think the business is actually worth.

Unfortunately, the words caveat emptor spring to mind, buyer beware. I cannot see you would have much scope to argue for a price reduction because you now consider the price too high, im afraid you should have raised that during negotiations with the seller.