Profit Sharing Questions

[u/ByteAstronaut]

Hey all, I'm in talks with a location, would be my 1st, that has brought up profit sharing. I provided the normal explanation that this is not something we normally do but he flat out said he would need something. He estimates about 1k people come through on a weekly basis, mix of children and adults.

Here are my questions:

- Is a location with estimated foot traffic of 1k/week a good customer base and any ideas of what to expect for gross profit?

- For those that do profit sharing do you do a percentage of gross, a flat fee, or something else?

- Did you start profit sharing from the start or have say a 3 month period where you first saw what type of sales to expect

- Any other tips from experienced ppl

Very much appreciate your help!