Restaurateur Goes Broke_ #shorts-(1080p)
Facing challenges head-on . Despite the setbacks, I'm determined to rise again. #shorts #entrepreneurship #resilience ️ #judy #judgejudyjustice #ep #newseasonjudy #judynewseason
Transcript
00:00Richard Covert is suing Ann Mittman for money owed for a restaurant. She purchased from him. Mr.
00:07Covert, I don't think that there's an issue about a couple of things. You had a restaurant business.
00:12You sold that restaurant business to the defendant. You sold her that business in
00:182016.
00:2016. December. And you had an agreement with her for a payout. How much was the agreed-upon
00:25purchase price for the restaurant?
00:27A total of
00:29$81,600. When had you purchased the restaurant? I purchased it in December of
00:352010. And how long did you run it? For six years, exactly. How much had you paid for it?
00:42$235,000. Who did you purchase it from? I purchased it from Sandy and Rita. They started the business in
00:491988. Did you pay them the $235,000? Yes, I did.
00:54Outright? I paid about
00:56$200,000 of it up front and then I had a year to pay off the balance.
01:00$35,000. Yes. And you kept it and made a living at it, I assume, for six years. Decided to sell it and sold it
01:07at quite a loss. I did. So business must have been dying down. Well, I
01:13overpaid. Business must have been dying down. It wasn't dying down, actually. I overpaid for the business.
01:19Doesn't make you a great businessman if you overpay for the business. That's not true.
01:22Shh, I didn't ask you anything. You had a contract with him to pay
01:28$81,600. Yes, I did. Okay, and making payments. He was supposed to make payments to him. That's correct. In what amount and how often?
01:36$925 a month. Until it was paid off. How much did you pay in total?
01:42$15,000 down out of escrow. May I explain that? No, I just want you to...
01:48This is a very simple case. I don't have to make it complicated.
01:51You paid $15,000 down and how much did you pay towards the
01:56$81,600 purchase price? I don't have that total. I started paying him in January of 2017.
02:04Do you have the total, Mr. Colbert? She paid me $925 a month for...
02:09No, I don't. I don't have that. Well, somebody get me a total. I can get it.
02:14$20,350. How much did she pay you? Total with the $15,000 down, approximately $32,000.
02:20And what number do you have? Well, I had less, but... You'll take the $32,000? Yes. Great. Then why are you here,
02:28Mr. Mittman? Because the maximum that I can
02:31award you is $5,000 and based upon what you tell me, you're owed
02:36$50,000. I am. Well, why would you come here? Because she doesn't have any more money
02:41and I'd rather get something than nothing. I spoke to an attorney.
02:45The attorney said I could probably receive a judgment, but electing on that judgment would be, you know, virtually impossible.
02:51She doesn't necessarily have to pay it and I could put a lien on her home, wait until she sells her home.
02:57I just want this behind me. This has been a nightmare. Okay. May I speak? You could speak,
03:02but I read your answer and your answer is stupid. Your answer says that back in
03:082016, when you bought the restaurant and the restaurant didn't go out of business until what year?
03:13But I, I can tell you why. No, what year, what year did the restaurant go out of business? January 2019.
03:20Your answer says that because he owed back taxes, you couldn't get a liquor license for two months in
03:272016. That's not a reason. I, there are other reasons. That's not, just a second, that's not a reason.
03:33The reason is, and not make excuses, the reason is your restaurant didn't make it. Like
03:4190% of restaurants that open and close, maybe you didn't have a great chef,
03:46maybe you weren't a good restaurateur, but you had the business for three years.
03:51I had it for almost two years. It went out of business. It didn't go out of business because of him,
03:57it went out of business because of
03:59the business or because of you. And you have to pay him. You had a contract to pay him. May I explain something?
04:0630 seconds. Okay. Don't waste my time. I spent
04:10$17,000 in equipment. I don't care. I don't care. Then you sue him.
04:15You went out of business because you were bad at the restaurant business or the public didn't embrace your business.
04:22Stop making excuses as to why you violated the contract. He breached the contract.
04:27No, he didn't. Judge me for the plaintiff and the amount of $5,000. We're done. Thank you.
04:31Parties are excused. You may step out.