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 just 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 just 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.