Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #1218542

Complaint Review: East Coast Stores -

  • Submitted:
  • Updated:
  • Reported By: Subway Purchaser 2014 — Glen Oaks New York USA
  • Author Confirmed What's this?
  • Why?
  • East Coast Stores USA

East Coast Stores, Henry Galasso Still Hasn't Returned My Deposit "Earnest" Money For OVER A YEAR NOW! Plainview New York

*Author of original report: $8,500 Has Been Returned Since The Entry Of The Prior Report On This Website

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

I had put down an Earnest Deposit of $20,000+ back in February 2014 to purchase 2 Subway Store locations. I succeeded in buying the first one (couldn't do the second one because Subway had a requirement that new franchisees had to own one Subway store for a minimum of three months before purchasing another store. Closed on the first store in July 2014. After two months I learned through unsubstantiated rumors that the second store had been sold to another person because the seller did not have the patience to wait for me to get Subway's approval to buy my second store.

I realized that Henry Galasso still had my Earnest Deposit (which was not applied to the purchase price at closing), so I asked for that to be returned since there was no reason for him to hold on to it any longer. To this date (end of March 2015), I am still owed $8,500 of that money. He keeps delaying me and asking for time. In fact, the last two months he has not been returning any of my e-mails. I suspect his business is having some sort of financial difficulties because he can't even return money which should have been held in ESCROW. If it is in ESCROW, why can't he return in IMMEDIATELY?

This report was posted on Ripoff Report on 03/27/2015 06:45 AM and is a permanent record located here: https://www.ripoffreport.com/reports/east-coast-stores/east-coast-stores-henry-galasso-still-hasnt-returned-my-deposit-earnest-money-for-ove-1218542. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
1Author
0Consumer
0Employee/Owner

#1 Author of original report

$8,500 Has Been Returned Since The Entry Of The Prior Report On This Website

AUTHOR: Edward - (United States)

POSTED: Tuesday, July 31, 2018

Just wanted to report that I have received the remaining $8,500 escrow deposit since the last report's submission.

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now