Question About Investors

[jvalentino]

I figured this was the best place to ask this..

Is there a "typical" agreement made to pay back investors in a restaurant? Are there any rues of thumb-besides invest money you know you may lose?

Any info would be appreciated.

Jeff

[Jakea222]

Thumb Rules - well here is a big one - make sure that your PERSONAL PROPERTY cannot be hit if you fail over time to pay back investors on scheduled payout dates. I knew a guy that bought into a franchise gig, did everything he was supposed to do - did great when he opened for a while and then 9-11 hit and he dropped his profit numbers and the franchise went after him -