Brass Ring profile in Small Business Times
August 6, 2004
A small-business owner has grown his company over two decades. After years of sweat and equity, it is now time for him to consider retiring, stepping aside and cashing in on his investment.
He's got a senior management team of three people who have played integral roles in the success of the company. They would be very interested in buying the company as the founder rides off into the sunset.
However, the members of the management team do not have the wealth to put up the $1 million to $3 million that would be needed to buy the business and give the owner a fair return on his investment.