The Ford Barn - View Single Post

DavidG · 08-02-2019, 08:24 AM

The new owners were a relatively young couple and a long way from retirement. I met them and it was clear that they wanted the business to succeed. The progressive loss of key employees and their expertise had been going on for years, well before the new owners acquired the business and shrinking cash flow (what determines success or failure) from slower sales did not give them enough time to get a handle on the business. They were seeking investment partners, but ran out of time.

The previous owners (an investment group not associated with the hobby) who bought the business from the Atherton family likely laid the foundation for the firm's ultimate demise.

08-02-2019, 08:24 AM	#4
DavidG Senior Member Join Date: May 2010 Location: southeastern Michigan Posts: 10,102	Re: Real story on Lebarron Bonney? The new owners were a relatively young couple and a long way from retirement. I met them and it was clear that they wanted the business to succeed. The progressive loss of key employees and their expertise had been going on for years, well before the new owners acquired the business and shrinking cash flow (what determines success or failure) from slower sales did not give them enough time to get a handle on the business. They were seeking investment partners, but ran out of time. The previous owners (an investment group not associated with the hobby) who bought the business from the Atherton family likely laid the foundation for the firm's ultimate demise.