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crustysailor said..
nah, not for me.
Sorry, but why wouldnt you buy the stock and begin on a totally clean slate, rather than begin behind the 8 ball?
Goodwill is worth bugger all when it has a sour taste.
Maybe our experiences were just bad luck??
Swimming pool companies used to do this on an annual or biannual basis to avoid warranties. They seemed to think it pays and I guess if you remember that your father had a pool built by Freedom Pools or whatever you might think must be good coz they have been in business for ages. In those cases however the same crooks just liquidated one company and started another with the same name and different ABN. They even had the hide to use advertising phrases like "Serving the industry for 25 years" or whatever despite the fact that there were 15 different companies with the same name with 14 now untouchable in liquidation. I reckon it should be illegal to use a name that has gone into liquidation as a new company name on the same type of business for at least 15 years. I guess it just shows how silly people are. Caveat emptor!
Anyway the more competition in the shipchandlery arena the better and it sounds like this might be a genuine new company.