View single post by KenC
 Posted: Thu Apr 3rd, 2008 04:13 pm
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KenC



Joined: Sun Sep 4th, 2005
Location: Florida &, Arizona USA
Posts: 11288
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 Simon...make sure the accountant you hire has an expertise in the restaurant business so that he has knowledge of where things might be "hidden"...each business has it quirks.  You do have an advantage knowing how many meals are served each day and you should know basically what the cost of goods are to prep the meal and basic salaries for the rest of the staff just from working there.

Additional thought are, get a good contracts lawyer to protect you if you should decide to go ahead.  A 2-way partnership is difficult enough, but with 3 partners, 2 can always carry the vote.  You will need a good buy-sell agreement and many other safeguards to protect your position and your equity.  Walk softly!