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Has anyone operated a food franchise with partners? Any issues I need to be aware of? |
I like to open up a subway franchise and thinking about finding around 10 partners initally to reduce per person investment. The idea is as we grow and make money we can buy/open up more...etc... Has anyone done a similar thing? Too many people for one, and too many ways of cheating each-other in the food business Eat Fresh I never have, and I am not an expert in this area, but I can imagine that if there are just two partners there can be major problem in the future if you disagree about something. Even if you invest different amounts in to the company then you will probably still have equal voting rights and such. So if you don't have a way to create a majority, then it may be difficult to make important decisions in the future. A three-way is the best way. |
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