josephmetalman
New member
So I bought this restaurant with a friend of mine about 2 years ago. The premise was that I’d be the operating partner and I took a small salary (60k) to run this and help us expand to a new location. Going into this I was very financially well positioned but the paycut and us not taking a draw in 2 years really put me in a bad financial toll. I recently got back into my primary career (software development) and took a job that pays 165k w/benefits. He’s still wanting me to be the managing partner but I can’t survive with that pay. Especially when he asked for a call for more funds from me because we are expanding and I was like dude I’m drawing 60k right now where do you think my money is coming from. I’m about to tell him to shove the salary and I’ll just take only my quarterly draws (I own 25%) and now you’ll have to actually deal with day to day operations. Just kinda a rant and curious what y’all’s opinions are.