A friend of mine has offered me a 20% share in his restaurant (we both live outside the US where the restaurant is located) for approximately $80,000. He started the restaurant about a year ago for about $160,000. The restaurant has been considerably profitable its current monthly profits are more than $10,000. Assuming the profits continue at $10,000 a month and because of my 20% share, I would receive 20% of $120,000 (assuming this is next years profit), which is $24,000. At this profit rate, I would get back my initial investment of $80,000 in about 3 years.
He is actually using some of the money to expand the restaurant, more delivery drivers, etc., so it is possible profits will increase. He needs to sell a share because he has been investing his profits in other projects.
I will be a "silent partner" so I will not be doing any work.
How does this deal sound?
He is actually using some of the money to expand the restaurant, more delivery drivers, etc., so it is possible profits will increase. He needs to sell a share because he has been investing his profits in other projects.
I will be a "silent partner" so I will not be doing any work.
How does this deal sound?
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