Why ESOPs Offer A Viable Succession Solution

September 9, 2013Articles 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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