ESOP

Star Tribune – Chew on this: Hell’s Kitchen owners sell their restaurant to employees

Posted on

From the Star Tribune Hell’s Kitchen, the Minneapolis restaurant known for irreverent marketing, a 35-foot Bloody Mary bar and lemon-ricotta pancakes, will soon stand out for something else: employee ownership. On Wednesday, owners Cynthia Gerdes and Steve Meyer closed the restaurant after lunch for a staff meeting, where they told more than 100 employees they […]

Rabble Rouser – Montpelier, VT

Posted on

(Changed named in 2019 from Nutty Steph’s) Industry: Food and Beverage Location: Montpelier, Vermont Number of employees: 13 Became employee owned: 2019 Assistance: Vermont Employee Ownership Center Learn more NBC5  – Rabble Rouser opens in Montpelier (vide0) (2019) Burlington Free Press – Employee Owned Companies Gain Traction (2019) Nuty Steph’s – Under New Ownership (2019) Vermont Biz […]

1149 Cooperative – Philadelphia, PA

Posted on

Industry: Food and Beverage Location: Philadelphia, Pennsylvania Number of employees: 3 Became employee owned: 2019 Assistance: Philadelphia Area Cooperative Alliance Learn more 1149coop.com Eater – The Restaurant Owners Fighting Systems That Allow Abuse to Persist (2019) NPQ – Restaurant Worker Co-ops Serve Food, Drinks, and Social Justice (2019) Culture Work – Spotlight: 1149 Cooperative (2019) Philadelphia Magazine – Here’s […]

Full Stop Filling Station – Louisville, KY

Posted on

Industry: Food and Beverage, Energy Location: Louisville, Kentucky Number of employees: Became employee owned: 2019 Learn more www.fullstopstation.com Louisville Scoop – Everything you need to know about Full Stop Station (2019) Insider Louisville – Full Stop Filling Station seeks ‘a better way’ with bio-diesel, craft coffee and a democratic co-operative (2019) The Coffee Compass – Full Stop Station […]

Rock City Employee Cooperative – Rockland, ME

Posted on

Rock City Employee Cooperative is a 25-worker café and roastery in Rockland, ME, that became a cooperative corporation in 2018. The founder started the business in 1992 and saw in the sale an opportunity to reward workers for their efforts building the business, assurance that the café’s character as a main street community center would […]

3Cross Fermentation Cooperative- Worcester, MA

Posted on

3Cross Fermentation Cooperative is a 3-employee worker cooperative brewery in Worcester, Massachusetts. The original owner drew inspiration from Black Star Co-op brewery in Austin, Texas, and realized it aligned with his original intentions to own a business that was community focused and now community owned. The cooperative will be crowdfunding by selling community equity shares to its patrons.   Industry: Food and Beverage Location: Worcester, Massachusetts […]

Niles Pie – Union City, CA

Posted on

Niles Pie is a 10-employee worker cooperative bakery in Union City, CA.  The owners explored adding partners to support a growing and prosperous company and found the greatest opportunity with the employees.  The transition is a way to strengthen the company and to create stable and enduring career opportunities. Industry: Food and Beverage Location: Union City, California Number […]

A Slice of New York – San Jose, CA

Posted on

A Slice of New York is a 33-employee worker cooperative consisting of two retail pizzerias in San Jose, CA. The owners began preparing to exit the business after 10 years but felt a strong loyalty to their employees. They had seen the positive incentives of broadly held stock in previous tech industry jobs and embraced […]

The Stud – San Francisco, CA

Posted on

Industry: Food and Beverage Location: San Francisco, California Number of employees: 12 Became employee owned: 2017 Assistance: ICA Group Learn more KALW – An iconic gay bar changes its business model to survive gentrification (2019) SF Weekly – How the Stud Was Saved (2017) KPFA – The Stud is Saved From Closing (adio)  (2017)  SFist –  The Stud […]