Chip Bair, the owner of Beau Jo’s Colorado Style Pizza, wants to make sure all his employees, from managers to servers, receive a generous slice of ownership as he plans his exit from the iconic restaurant group he has headed for five decades. “I have had different people talk to me about buying the restaurants,” he said, adding his refrain would go something like this: “I am more than willing to talk to you, but I have to take care of my people.” At a 50th anniversary celebration held at the flagship store in Idaho Springs on April 1, Bair rolled out a succession plan he had been mulling over for several years, one that he believes will take care of his people and keep the distinctive Colorado restaurant group going for generations to come. He and his family will retain 30% of the company, with the remaining 70% of the ownership in the restaurant group, famous for its “mountain pies,” going to the company’s 252 employees.
Comment on Beau Jo’s Pizza owner wants to give every worker a slice of the equity pie
Aldo Svaldi, Denver Post
Fri, 04/14/2023 - 5:00am
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