Greetings everyone! Long time professional brewer first time poster so I apologize if I didn't post this in the right area. I had an ownership structure question for you all. I'm going to start my own brewpub but I don't have much restaurant experience. I've approached the three owners (they are also the chef's) of a local, very successful restaurant/taphouse about partnering up with me on this venture. My question is what would be fair for ownership rights and split of the profits?
My idea was that I would handle the brewing side of the business (my own recipes and ideas, do all the work involved on that side of the business) and they would handle the restaurant side. I really want this brewery to be my baby but I know that I can't do it all and need some partners with knowledge of an area I don't have and I am willing to collaborate and learn. When it comes to ownership and profits, what does everyone think is a standard or fair agreement for a situation like this? On a related question, would it change the ownership percentage if I'm the one doing most of the business planning and investor sourcing? I have a meeting with them on Monday so thanks in advance for all your advice!
My idea was that I would handle the brewing side of the business (my own recipes and ideas, do all the work involved on that side of the business) and they would handle the restaurant side. I really want this brewery to be my baby but I know that I can't do it all and need some partners with knowledge of an area I don't have and I am willing to collaborate and learn. When it comes to ownership and profits, what does everyone think is a standard or fair agreement for a situation like this? On a related question, would it change the ownership percentage if I'm the one doing most of the business planning and investor sourcing? I have a meeting with them on Monday so thanks in advance for all your advice!
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