Yeah. Nothings free. I suspect he is ‘offering’ you ownership because he cant do the shit on his own.

You may want to talk to a lawyer.

You may consider starting a company and letting him be a high level employee inside it contingent on a bunch of stuff.

Something smells off.

Talk to your HR dept and term immediately. It’s so early on I’d take the fastest route possible.

Consider storing boats or RVs if you got the space. Easy cash and very low risk.

This makes you take on too much risk - the real risk is in the bar actually selling the food.

This seems like a shit deal.

Get in touch with either the landlord or city to understand the rules first and just let your friend know that sidewalk vendors are not allowed

In our industry there’s a few softwares that are mission critical and massively difficult to deal with. Not because they are bad, but because our machinery suppliers dont standardize or work together.

What you should do here is look at all your costs together that you’re going to be shelling out monthly (rent, utilities, etc.) “in addition to” the debt. It’s going to be a lot. Hourly staff is gonna be massively expensive, as is a lot of stuff youre not thinking about like insurance.

How much cash flow will you need to pay all that, and enough for yourself to live on top of it.

How much are you gonna need to sell daily to get in front of that number?

The life lesson here is to keep your contact info private and have a dump # / email for everything.

And for the love of god stay off social media for anything that isnt mission critical.