What is the advantage of going out of business in one location, and then reopening the same business with a new name?

What is the advantage of going out of business in one location, and then reopening the same business with a new name?
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1 Answer

Answer :

There are probably some legal and monetary issues behind it which I don’t fully understand. Maybe they did have a bad name in the community, maybe they filed for bankruptcy, could be anything really. Might even be just the fact that a grand reopening always attracts a lot of new and curious people to their business, maybe even some local press coverage.
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