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Updated 9 months ago,

User Stats

4
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1
Votes
Esther Rivera
1
Votes |
4
Posts

What to do with a Silent Partner

Esther Rivera
Posted

Hello, I currently own a well established restaurant and would like to open a second location. I want to buy the next location so that I could grow my business plus begin to invest in real estate. I currently do not have the amount I need for the full downpayment, plus I do not want to leave my current business at 0 in its savings. I have someone interested in being a silent partner. My question is how or what would a silent partner get from a deal like this, or what can I offer if they would provide 20% of the cost of the building only? So basically they would be putting in 20% of the purchase price of the actual building only. I could cover closing costs and the rest needed to get the restaurant established. It is a pretty popular restaurant so I am sure sales would do well. Appreciate any input.

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