Im new to this forum .
I would just like everyone's opinion and advice regarding a recent business offer i received
I have been in contact with a business duo who would like to open a restaurant with me.
They actually already have the restaurant.
They have no hospitality experience at all as their other businesses are three 7 eleven stores.
So they want me to run the whole restaurant for them. Including hiring staff, stock order,menu,opening and closing and hours that include breakfast shift till late night 7 days a week as the head chef.
They have offered me 20% of the business and a wage. They will not be involved with the running of the business
I would like to mention that i am a qualified chef with 15 yr exp and i have helped 4 different restaurants open up.
My question is how much do you all think i should be asking for per hour? (I was thinking $30ph)
Also what conditions should i be putting in my partnership agreement with them?
And is there anything else i should be thinking about before going into something like this.
I am currently working as a chef and i would have to leave a secure job for this oppertunity so i want to be sure before i begin.