I own 50% of a franchise restaurant that is in a busy university city neighbourhood. We have high and low seasons based on school seasons but we’re still expecting close to if not more than 1m in revenue.

My business partner and I started this 1 year ago with lots of loans and technically have 0 money down on this. The bank is lending us 500k (personally guaranteed) and I have personally lent the business 300k with a high interest rate. most of it went to renovations and buy out of the previous location + assets. We also have fairly low royalty with the franchisor.

both partners are fairly hands off , maybe working 5-10 hours a week combined doing small management tasks, but otherwise the franchise runs itself with a good manager in place.

our EBITDA is roughly 40% but obviously the interest drops us closer to 20-25% margins.

While its nice to have some “passive” income, I’m trying to focus my efforts on my other businesses and I want to sell my 50%. My partner doesn’t have the means to buy me out.

How would you guys value this? I have no idea where to start.