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Reluctant Restaurant/bar Seller

 
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Reluctant Restaurant/bar Seller - 12/19/2011 10:43:20 AM   
Peterjames

 

Posts: 1
Joined: 12/19/2011
Status: offline 		I have owned a restaurant with full bar on an idyllic, although remote, tourist Island over looking the Gulf of Mexico for only one year.
I took on one of the chefs from my other restaurant as a partner to manage this place but, without going into details here, it is not turning out the way I expected. Although the numbers are positive.
The business has great backing from the landlord. I am not willing to move 150 miles to relocate the family and run the place myself. And now I feel like I have no choice but to get out of the situation. Any advice on other options? I don't really want to go down the partnership trail any more.

_____________________________

Peter
Post #: 1
RE: Reluctant Restaurant/bar Seller - 5/9/2012 5:57:27 AM   
ShorebirdProperties

 

Posts: 1
Joined: 5/9/2012
Status: offline 		Here is an option; (1) Sell your interest to your partner or (2) Sell your interests to another. This will change or dissolve the current partnership (depends on the details) the Attorney who set up your partnership could advice you how to do it properly and amicably if possible. To start, though, you may need to list or advertise the sale of your interests, and disclose at first contact with potential buyer/investor. This may result in both of you (partners) selling it out together and parting ways. Since I am not privy to all the details, this is an opinion based on assumptions and really carries no weight. But if your business is in Florida I will be happy to sell it for you.

(in reply to Peterjames)
Post #: 2
RE: Reluctant Restaurant/bar Seller - 8/10/2015 10:59:54 PM   
koilpeny

 

Posts: 38
Joined: 8/10/2015
Status: offline 		Hello i have an investor with a capital of about $80, 000 000 in all her investment willing to invest in any business but need a partner who can run the business . So if you want any person to invest with you then you can contact me for more info . But her interest is in three countries .Norway , UAE , AND in UK . She is willing to invest in Building Hotels , Real Estate , Gas and Oil and also setting up restaurant also with retail stores if you can bring to her a good business proposal. Also interested in expanding small businesses . My email is koilpeny1988@gmail.com .

(in reply to ShorebirdProperties)
Post #: 3
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