What's the Best Way to Add Limited Partners for a Bar?
You also want to give serious thought to your exit strategy -- what happens if you are no longer involved in the business. Will that continue to make it attractive for these investors? The most important step you can take next is to consult with a local attorney and accountant who are familiar with and have done deals related to restaurant expansions. They should have their fingers on the pulse of industry standards, what return on investment that investors expect, the legal form of business entity that makes the most sense, and threshold buy-in amounts.