Succession Strategies for Restaurant Owners: Safeguarding Your Legacy
Modern Restaurant Management
JANUARY 16, 2024
Earlier this year a successful Popeyes franchisee with nineteen units unexpectedly passed away. The operator was relatively young and had no clear line of succession. Within weeks, his corporation declared bankruptcy, leaving 500 employees wondering if they would keep a job and putting $30 million dollars of sale volume at risk for the brand. Within a matter of months, ten of the nineteen units were permanently closed.
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