Good day everybody. I am a 1/3rd owner of a small but profitable retail store. The other two owners are brothers and are interested in owning it for themselves and I am interested in moving. I believe Mexican business law requires me to make them a fair offer, although I dont know if we have to arbitrate if they reject the offer. I think I can get a good price for the business since they want to be sole owners and they know it is successful and they want to own it as brothers. The negative part is they know I am moving and will need to sell it within a half year. What is the best way to figure out a good offer?
The business is a franchise, my share brings in $6000 usd profit per year. The amount of work required by my share is 5 hours a week. Inventory value at any given time isnt high, $1000 usd for my share. Future earning dont seem clearly up or down. The city is safe and economically stable. We have been open since April.
Thank you very much for your time and have a great day.
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