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Q: Partner want to take over MY restauarant!!!!!! ( No Answer,   3 Comments )
Question  
Subject: Partner want to take over MY restauarant!!!!!!
Category: Business and Money
Asked by: aeroport99-ga
List Price: $2.00
Posted: 05 Aug 2006 12:26 PDT
Expires: 04 Sep 2006 12:26 PDT
Question ID: 752903
I own a rest. that seats 65 people, before this rest. I had a smaller
rest. afrer 6 years I decided to move to a bigger place, with a
partner. After not quit a year he decides Im stealing, he hasnt made a
profit and wants out. He was 1/3 partner. My contention is its a rest.
its not an over night success. He didnt stay in long enough to realize
a profit. Id like stats that prove the rest. business has a high rate
of failure and stats stating how long it takes to show a profit.
 He cant prove misapproation, but wants 100% of the rest. The
rest. I started and owned for 6 years. He has never been in the
rest.business before.
And has not worked 1 day in our restaurant, I on the other hand work
it 12 to 15 hrs a day. I see good potential.

Request for Question Clarification by czh-ga on 05 Aug 2006 14:08 PDT
Do you have a written contract with your partner?

Request for Question Clarification by cynthia-ga on 05 Aug 2006 14:38 PDT
Have you asked him WHY --if the restaurant is not showing a profit, he
wants 100% of it?  How does he plan on replacing you, or does he see
your salary as prifit and the restaurant will run itself and the food
will fly out of the kitchen magically?
Answer  
There is no answer at this time.

Comments  
Subject: Re: Partner want to take over MY restauarant!!!!!!
From: pinkfreud-ga on 05 Aug 2006 12:45 PDT
 
It sounds as if you need to consult an attorney.
Subject: Re: Partner want to take over MY restauarant!!!!!!
From: darksly-ga on 05 Aug 2006 13:35 PDT
 
You can find a study that will report that 90% of new restaurants fail
in the first year, and you can find a study that says that is far from
true.  I would hire an attorney and let them do the heavy lifting.
Subject: Re: Partner want to take over MY restauarant!!!!!!
From: myoarin-ga on 05 Aug 2006 18:56 PDT
 
The comments to this question may be some help on your question about
restaurant failings:
http://answers.google.com/answers/threadview?id=748738

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