Hallo
I work in a wine shop that my boss would like to sell. The reason for the sale is that after 3 years he cannot pay himself a full salary on which he can live. I am also the only employee with a permanent contract. Now several parties are interested in taking over with me as co-owner. I will remain employed while retaining my current salary, etc. and at the end of the year we will divide profits. I have to partly buy myself in for that.
Well, I’m not at all familiar with these types of situations and I was wondering what important questions you should ask to your potential interested parties
Thanks
Do y’all have an idea of how you can make it work since he can’t? If you buy in how long will it take you to recoup? What are you getting in the sale? How long is the lease? What happens if one of the parties wants to sell their portion in a year? There’s a few for ya.