I was approached by an acquaintance with a reasonable idea who I would trust as an honest partner
He is a store owner with ability to have contracts with companies for items to purchase wholesale. He also is able to somewhat protect the store as his specialty items cannot be sold from a store within the geographic region.
Looking to set up some variation of an online store.
He would like the idea completely funded by another, but will be doing most work involved at the same time as running his regular store with use of additional employees.
Initial investment over 6 months would likely be 100K.
Project should turn profitable around 8 months with ongoing profit around 20K per month (hopefully more),
I need some help in structuring the split
What should equity share be?
He asked for a 75-25 split in his favor after complete payment of money that was invested.
Is this fair? Other thoughts?
He is a store owner with ability to have contracts with companies for items to purchase wholesale. He also is able to somewhat protect the store as his specialty items cannot be sold from a store within the geographic region.
Looking to set up some variation of an online store.
He would like the idea completely funded by another, but will be doing most work involved at the same time as running his regular store with use of additional employees.
Initial investment over 6 months would likely be 100K.
Project should turn profitable around 8 months with ongoing profit around 20K per month (hopefully more),
I need some help in structuring the split
What should equity share be?
He asked for a 75-25 split in his favor after complete payment of money that was invested.
Is this fair? Other thoughts?
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