Contingent Offer

Derek Allen is an investor in real estate properties and mismanaged businesses with growth potential. He has been in contact with a broker that is selling a gay club. Today, Derek is meeting Justin Jett at the club for a walk-through and final negotiations. When Justin begins to go explain the operations of the club, Derek stops him and asks him to cut to the chase and share the income statement. Based on the income they review, the sale price seems a bit high – so Derek makes a contingent offer stipulating that specific conditions are met before he signs a Letter of Intent to Purchase. This could be a very big sale for Justin - and he will offer up his mouth and ass to get it done! It’s time to get down to business.