Why ESOPs Offer A Viable Succession SolutionSeptember 9, 2013 – Articles Restaurant Hospitality
Restaurant owners, like most other baby boomers, will be retiring in large numbers in the next 10 to 15 years. In times gone by, it was a given that children would follow their parents into the family business. Those times are long gone. The alternative— sale to a third party—is also not very palatable. Because of the demographics, there are simply more sellers than buyers, and the buyers who remain are likely to be highly selective.
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