I see so many people who had been agents for bet companies transferring their ownership to other people. What could be the cause? Is it that owning a bet shop is no loner profitable?
Why are people selling out their bet shops?
- Thread starter Niyi Briggs
- Start date
Probably the business is no longer profitable to them and they need to invest in another different project which is why they had to transfer the business ownership to another person instead of closing it down completely.
If people are selling out their bet shops, it means that they are no longer profitable. I do not think there is any other explanation.
Speaking of taxes, some companies died naturally because it is too high that they can skyrocket their products' prices. I am sure that the local government around the globe are so pleased to impose this to different types of businesses,
It depends on individual factors. Some people are terrible managers. Some may decide to change due to other situational issues. I don't think is because of that bet shop is not profitable again. No matter how profitable some business are, some people will not find it easy.
One of the reasons someone sells a company is because he is too tired of taking risks so his enthusiasm is dropping, it's different when the company was first established, usually the owner of the company still has high enthusiasm. And he chose to sell his company to change to another business, not a few who chose to completely close their business.
