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.
Click here to read the full article.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
