Economic difficulties complicate keeping restaurants in the family

Economic difficulties complicate keeping restaurants in the family

The planned year-end closure of the Blackhawk in Wheeling, Ill., after 40 years in operation highlights some of the difficulties now facing family-owned restaurants.

Given the tough economic environment, family-owned businesses need not only interested successors to remain viable, but also a firm grasp of what the business is worth and a structured succession plan for turning the enterprise over to the new generation, ex

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