Each potential Managing Partner is required to complete an initial 7-day trial. If we mutually agree to continue the relationship, you will be required to complete our management training which lasts a minimum of three months. The Managing Partner is a limited partner. We encourage the Managing Partner to own as much of their store as is financially possible. The assets of the Partnership cannot be leveraged by partners of the Partnership.
Partners are personally responsible for their loans.
A Managing Partner who maintains their status as store manager has the opportunity to purchase additional partnership interests from the General Partner. The purchase price is based on original purchase price or a multiple of the store's earnings as detailed in the Partnership Agreement. Generally, financial institutions require collateral to serve as security for the repayment, such as a pledge of the partnership interest being purchased. Additional partnership interests will be priced the same as for other potential investors. The discounted ownership is intended to always be available for the store manager.