Journey to an ESOP & Beyond

EP8 - Flexibility of structuring an ESOP for your succession plan. Interview with Pete Profumo at Braden Kitchens, Inc 100% ESOP

Mar 16, 2021
Guest
Pete Profumo
Pete Profumo, former owner of Braden Kitchens, Inc., discusses the flexibility of using an ESOP for succession planning. Topics include work ethic, motivations for ESOPs, challenges in establishing an ESOP, valuation decisions, and navigating the transition from owner to employee.
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Episode notes
1
Introduction
00:00 • 2min
2
Exploring Work Ethic and Motivations for ESOP Consideration
02:02 • 2min
3
Navigating the Complexities of Establishing an ESOP
03:38 • 2min
4
Navigating the Transition: Establishing an ESOP for a Small Business
05:14 • 14min
5
Valuation, Seller Note, and Decision Making
19:34 • 2min
6
Navigating the Transition to ESOP
21:49 • 7min