I wasn't sure where best to post this so I went for general discussion. Anyways...
I have the opportunity to open a new brewery with financial backing. The two partners already have a coffee shop and they want to build out the space next to it and use the coffee shop as the taproom in the afternoon/evening with hopes of taking over the adjacent restaurant. They have no brewing experience so I will be relied upon to design everything from the ground up and get beer to the taps. They will handle the actual build out per my needs and handle most of the front of the house (coffee shop).
Since I'm not bringing any capital to the business, but will be running all aspects of the brewery, what sort of compensation should I be looking for? I obviously understand they are putting up a lot of money and deserve to recoup their investment, I also don't want to stifle the growth of the brewery by asking for too much which makes me hesitant to ask for too much profit share. I have thought that I could ask for a portion of my profit share to go towards building a capital stake in the business as a way to avoid hindering the business but still getting value for my efforts.
Other than that, I am completely lost for what would be best for everyone. Any advice would be greatly appreciated.
Cheers.
I have the opportunity to open a new brewery with financial backing. The two partners already have a coffee shop and they want to build out the space next to it and use the coffee shop as the taproom in the afternoon/evening with hopes of taking over the adjacent restaurant. They have no brewing experience so I will be relied upon to design everything from the ground up and get beer to the taps. They will handle the actual build out per my needs and handle most of the front of the house (coffee shop).
Since I'm not bringing any capital to the business, but will be running all aspects of the brewery, what sort of compensation should I be looking for? I obviously understand they are putting up a lot of money and deserve to recoup their investment, I also don't want to stifle the growth of the brewery by asking for too much which makes me hesitant to ask for too much profit share. I have thought that I could ask for a portion of my profit share to go towards building a capital stake in the business as a way to avoid hindering the business but still getting value for my efforts.
Other than that, I am completely lost for what would be best for everyone. Any advice would be greatly appreciated.
Cheers.
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