How to Handle Profit Sharing 📈
20 Dec 2024 · 0 min
0:17
Mike Andes explains how he structures profit-sharing with general managers based on the stage and revenue of a location: for new/small locations he will give up to 35% of profits to a general manager because early profits are low; for managers joining already-successful locations bringing roughly $60k–$80k in monthly revenue, he reduces profit-sharing to about 15–20%.
Questions this video answers
Up to 35% of all profits.
About 15–20% of profit sharing.
