Embracing Shared Ownership
Embracing Shared Ownership! When Mychael and Stephanie Wright decided to retire, they chose a unique path by selling their business Golden Thyme Coffee & Cafe to Rondo Community Land Trust. Together, they crafted Golden Thyme Presents, a cooperative serving as an incubator for entrepreneurs and food vendors who are Black, Indigenous or other people of color.
“In times of crisis, but also as economies are in periods of growth, a shared ownership is a tested and proven model that can take communities further together,” -Electra Skrzydlewski, MCCD’s Director of Shared Ownership.
StarTribune, January 8, 2024 – You’ve built a business that’s ready to sell. Here’s how some Twin Cities entrepreneurs did it. Whether it’s an investor-backed startup looking for a substantial profit by selling the business or a person near retirement, having an exit strategy or succession plan is imperative.