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  1. #1
    Join Date
    Jun 2017

    Smile Employees buying a business for sale

    Has anyone done anything like this? The salon where we work is up for sale but the owner said if it gets sold she will give us 2 months notice, and hopefully the new owner will want us. I have heard of employees buying a business and 3 of us might be able to get the funds together, two for sure. Any comments other than the risks, I realize there are risks of all kinds. Thank you for any help you be able to offer us.

  2. #2
    Join Date
    Aug 2007


    No we have not done it, but yes I saw it done outside Chicago. I can't remember exactly but it was a large salon and I think the purchase is called ESOP. It came with a building too.

  3. #3
    Join Date
    Dec 2006


    Very rare in grooming but a pet care center with grooming, training, retail and a vet have done that. ESOP


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