Chuck Sillari
👤 SpeakerAppearances Over Time
Podcast Appearances
That's tiny.
But now that same location is doing about a million seven.
In 2016, that those are the numbers from 2015, 2016 is probably gonna do about a million, eight and a half.
He put in, he put in, it was, it was debt.
So he's getting paid back.
So that investor, for the money he put up, he is a 50% partner in that.
So the way we have that deal structured, and I don't even know if this is the best deal.
We probably didn't negotiate that deal.
You're absolutely right.
Sometimes you let your guard down.
That's why they say a lawyer should never represent himself.
It's the worst thing you can do.
But anyways, so the way we have it structured right now is
At the end of the month, we see what the place did for profit.
A third of that goes to the debt.
A third of that goes to the profit, and a third of the profit comes to us.
And you know what?
He's a great partner.
He doesn't interfere with the business.
He's willing to open up more restaurants with us.