My chef classmate in the culinary school called me this morning and offered me a good deal. He wanted our restaurant businesses to merge in one. The reason is that he will be moving to another country and he does not want to sell his business to other people. That is why he wanted to merge it with my restaurant so that his business will not be gone. Ownership will be 65-35 and that is a good deal for me since I am getting larger control over the business. Currently, I have 3 branches and his business has 5 branches. This chef is very close to me because she is like my brother and he also taught me many recipes.
I already consulted my attorney about the merger of our restaurants. By nest week, we will be ironing the papers for the formal merger. After that, my friend will go straight to London for his master's in culinary arts. I am very excited about our business plan.
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