Selling to Management was the only option to maximise the price for this retiring owner of a Dental Laboratory: the difficulty was the lack of funding/house equity of the buyer.
Eventually a deal was struck involving Crowdfunding (loan repayment guaranteed by the retiring owner for 2 years !) for the down payment at Legal Completion.
To protect his position the existing owner retained his shares until his Crowdfunding guarantee was released and further payments for the business had been received.
Not ideal BUT the only realistic option.
To learn more please contact Roger at Avocet on 01494 726173