HEY FATBOY. Yea in business with brother-in-law ( wife’s sister husband ) for 20 yrs. Wife and sister brother-in-law and I were all equal partners. Partner ship worked well all that time. Yea we did have words of and on but all in all we got along well, and when we sold were still friends. It may have been that we were all over the hill when we opened and intelligent enough to understand and were able to deal with the pressures as they arose, We were both retired and drawing pensions, so money was never a problem. We worked free till we recouped our original investment. If memory serves ( most times of late it don’t ), opening expences were $20,000, so there was no strain.
The biggest problem we had was working together,and we solved that by agreeing to work week about, him and his wife one week asnd me and wife the next. Gave us the needed time off and allowed us the rest up period old farts like us need to carry on. Starting up with no debit and not having to draw a salary makes the world of difference when ones trying to build the business.
After 20 yrs, and clinbing to nearly 80yrs, Partner came in one day and said hey are we ready to sell yet? we sat and talked it over and decided it was time. I was only 78 and feeling like 50, no medical problems or physical problems mental?. I’m out of the pizza business but not sure if i’m over it or not, that’s why i’m hanging round these pizza boards
reading all these posts and wondering what i would do in some of these situations.
Hey sorry for all the rambling on just ment to anser your post and say YES a partner ship will work if they are mature enough
Old doughball
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