Partner
Feb 7th, 2008
Feb 7th, 2008
Complex Valuation of Food Franchises - Court Adjusts Income Approach
Bertuca v. Bertuca, 2007 Tenn. App. LEXIS 690 (November 14, 2007)
Five years before this Tennessee couple divorced, the husband formed a partnership with his father to acquire and operate McDonald’s franchises in their mid-Tennessee region. The husband owned a 90% interest, but both partners had equal management rights, including any decision to sell. Their buy-sell agreement set a purchase price at book value; or, alternatively, the partners could liquidate.
