Specialty Retail Development Company, incorporated (SRDC) is a company formed by specialty retail store owners and operators.
SRDC was formed to:
1. Provide an Exit Strategy for specialty retail owners who want to retire or who need to leave the business for personal or professional reasons.
2. Provide accomplished store employees with an ownership opportunity.
3. Provide an investment opportunity for store owners who sell their business to the SRDC, allowing them to diversify their investment over a broader portfolio of stores.
4. Provide ownership succession which insures a sustainable business with uninterrupted service to customers and communities.
The SRDC strategy provides a succession planning solution that creates ownership opportunities for long term employees while allowing an owner to cash out without having to finance the purchase by the new owner.
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