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Old 08-09-2019, 10:36 AM   #21
Bigstan
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Quote:
Originally Posted by baygo View Post

What I envision is not ideal for someone who is relying on it to make a living. This is more of a concept to assist that individuals who dreams of being a restaurant owner during retirement. A point in life where their day-to-day expenses are already met by pension or other retirement income.
Ahh, that makes a lot more sense. So you're targeting someone like me for example, a year or so away from retirement but wondering how to fill the next 40 or so years.

That makes things more interesting. If 200k is a real # I would trim the partners down to say 3 or 4, maybe even 1 or 2, and make sure everyone has similar ideas on how things are done. A couple of cooks in the kitchen (hehe) with equal skin in the game is a safer approach than 10 would be.
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