Selling Your Brewery – Three Paths to Consider with Jason Sleeman of Craft Beverage Lending
When the time to retire arrives and the conditions are right, a brewery owner must decide what to do with the company. In some cases they can simply decide to close the doors, sell the equipment and walk away, living happily in consumers’ minds as a memory. In other instances a decision is made to sell the business.
There are options but the plan to an eventual sale should be a long process in an owner’s mind, thinking about what they would like to see the business become and who will be at the reins. Three possible paths for finding a suitable new owner are a generational sale, creating an employee stock ownership plan, or selling to an outside company or individual.
Jason Sleeman, the Vice President for Craft Beverage Lending at United Community Bank in Woodstock, Georgia spoke with Beer Edge editor John Holl about the three options.
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