Selling one's share of a business at a higher price
Question
I own a 50 % share in a barbershop business and my partner wants to buy my share out. My portion cost me R30 000 18 months ago when we started the business. I earn between R5 000 and R6 000 profits per month for my portion. I would like to know that if I agree to sell my share will I be able to ask for a higher price than what I originally invested. I was looking to ask for R75 000 as I am earning well monthly from my dividend.
Answer
Yes.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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