July 18, 2014 - Status As Of Today (We're one month in...)
A couple days before the National Convention in Little Rock, my wife, Mary Ellen, and I came to an "agreement in principal" with Dick and Vicky Henschel to purchase Hilton Audio Products, Inc.
Several weeks before that, Dick announced that Hilton was going out of business. In a nutshell, the building that they have leased for decades was sold. The new owners wanted the building for themselves, and gave short notice to the Henschels that they would have to move out. Faced with the daunting task of packing, finding a new location, and starting over again, this late in their career, Dick and Vicky instead elected to close the doors.
Mary Ellen and I believed that Hilton Audio, after generations of service to the activity, deserved a better way to say good-bye than an eviction notice. In fact, we believe that there is still a need for good, quality, durable, "standard" square dance equipment for years to come. This is why we bought the business.
The process will not be quick, but the alternative was that there would be nothing. Here is where we stand at this point.
Mary Ellen and I have an "agreement in principal" to purchase Hilton Audio Products from Dick and Vicky Henschel. In all of our eyes, the deal is done. We are just awaiting the "legal-eeze" from the lawyers. We know what we want. We just have to complicate our hand-shake with dozens of pages of paper saying we shook hands.
How certain are we that the deal is done? Well, Dick and Vicky have packed a large portion of their inventory, and have it sitting in boxes, waiting to ship out to us. I personally have ordered more than ten thousand dollars in parts. The deal is THAT done.
A couple days before the National Convention in Little Rock, my wife, Mary Ellen, and I came to an "agreement in principal" with Dick and Vicky Henschel to purchase Hilton Audio Products, Inc.
Several weeks before that, Dick announced that Hilton was going out of business. In a nutshell, the building that they have leased for decades was sold. The new owners wanted the building for themselves, and gave short notice to the Henschels that they would have to move out. Faced with the daunting task of packing, finding a new location, and starting over again, this late in their career, Dick and Vicky instead elected to close the doors.
Mary Ellen and I believed that Hilton Audio, after generations of service to the activity, deserved a better way to say good-bye than an eviction notice. In fact, we believe that there is still a need for good, quality, durable, "standard" square dance equipment for years to come. This is why we bought the business.
The process will not be quick, but the alternative was that there would be nothing. Here is where we stand at this point.
Mary Ellen and I have an "agreement in principal" to purchase Hilton Audio Products from Dick and Vicky Henschel. In all of our eyes, the deal is done. We are just awaiting the "legal-eeze" from the lawyers. We know what we want. We just have to complicate our hand-shake with dozens of pages of paper saying we shook hands.
How certain are we that the deal is done? Well, Dick and Vicky have packed a large portion of their inventory, and have it sitting in boxes, waiting to ship out to us. I personally have ordered more than ten thousand dollars in parts. The deal is THAT done.
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