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Two friends of mine purchased a burger bar, the purchase price was £15,000.00, they also spent around £3,000.00 on signs and a small jacket potato machine, the owner of the land supplies the electricity.
The original owner showed them how he keeps a tab on the electricity, a reading is taken at the start of the month and at the end of the month, they are charged £0.67ph.
The owner then showed how he keeps details of each month i.e. January 400 x £0.67= £268.00.which would be £88.00 at £0.22kwph
they did not question the rate they thought that was the business rate.
Two months ago while speaking to one of their mates the cost of electricity was raised £0.67kwph and were told that was very expensive, the owners then contacted a supplier who would charge them £ 0.22kwph.
The landlord is charging £0.67 kwph, basically overcharging, if they get their own electricity the landlord will increase the rent from £80.00 a month to £300.00 a month, although the burger van is doing well the person running it does not like being there, the trouble is if a byers asked how much is the cost of electric per month they have to be honest and the person will not purchase the place.
The previous owner was not pleased that they had hiked the rates up, they had been informed of that by a person on the industrial estate, which is why he wanted to sell..
What can they do, they think they have been miss-sold,
The original owner showed them how he keeps a tab on the electricity, a reading is taken at the start of the month and at the end of the month, they are charged £0.67ph.
The owner then showed how he keeps details of each month i.e. January 400 x £0.67= £268.00.which would be £88.00 at £0.22kwph
they did not question the rate they thought that was the business rate.
Two months ago while speaking to one of their mates the cost of electricity was raised £0.67kwph and were told that was very expensive, the owners then contacted a supplier who would charge them £ 0.22kwph.
The landlord is charging £0.67 kwph, basically overcharging, if they get their own electricity the landlord will increase the rent from £80.00 a month to £300.00 a month, although the burger van is doing well the person running it does not like being there, the trouble is if a byers asked how much is the cost of electric per month they have to be honest and the person will not purchase the place.
The previous owner was not pleased that they had hiked the rates up, they had been informed of that by a person on the industrial estate, which is why he wanted to sell..
What can they do, they think they have been miss-sold,
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