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This video goes over how Bob Moore staged the sale of his company to the ESOP. Bob's Red Mill is a family business that Bob always wanted to turn over to his employees, but didn't know how to do so until he learned about EO. It was the only exit strategy that fit Bob's vision for the company, and its values.
Small businesses with strong "family values" will find Bob's Red Mill to be a particularly inspiring story.
Providing Company Stability: Bob’s Red Mill ESOP Story
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Suggest questionYou may recognize him from the cover of your favorite flour or oatmeal, Bob Moore, founder of Bob's Red Mill, based in Portland, OR, tells the story of his company's transition to employee ownership through an ESOP.
Did you know: Over the next 10 years, 2.5 million baby boomer business owners will be looking to transfer ownership of their business.
Does this sound like you?
In our new video series in conjunction with The Employee Ownership Foundation we will explore the benefits of transferring ownership of your business to your employees. If you're a business owner or executive, and you're looking at business succession options, please watch the videos in this series!
To learn more visit:
#ESOPFormation
About The ESOP Association
Hear the story about how one of the first craft breweries in the nation became one of the most successful employee owned breweries in the world.
Most business owners know that there are three options when planning for retirement. One, they can sell their business. Two they can, pass the business to a member of their family. Or three, they can close up shop. But, there’s a fourth option. One that allows a business owner to sell the business to the people who care most about its success, the employees. It’s called an Employee Stock Ownership Plan. This type of succession plan happens on the business owner’s timeline and ensure the business stays open, local, and in the hands of people who are passionate about the legacy of the company. In the “4th Option Series” you will hear from ESOP companies in multiple different industries, and their seasoned advisors, about what an ESOP is and if it’s right for you.
Learn more at: esopassociation.org/fourthoption or fourthoption.org