Wednesday, March 18
9:00 am - 10:00 am
2716 E 31 St
The Twin Cities metro area has over 26,000 businesses that are owned by people who are approaching retirement age. Business surveys have indicated that 85% of owners have no succession plan.
Two thirds of small businesses listed for sale never sell, and only 15% are passed on to family members. Acquisitions by larger firms or out-of-state buyers often lead to layoffs and restructuring. But a local buyer may be closer than you think! Selling a business to employees is an exit strategy that is a win-win for the seller, employees, and community at large.
Join Nexus Community Partners and LBA to find out why more and more employers are securing their company legacy by selling to the employees who help operate it! We will discuss business trends, funding and technical assistance ecosystems, and the conversion process. Free Coffee and morning treats will be on hand - please RSVP HERE.