Roland Spongberg became interested in succession planning after a car dealer friend shared difficulties he was experiencing with his siblings. With no desire to cash out and a father of six kids, with some working in the business and some not, Roland began thinking about the future and opportunities he wanted to create for his family and business.

As our world constantly changes around us, so do family and business. Thirty-five years ago, Roland started WKS Restaurant Company with one El Pollo Loco. Today, it has grown to 375 restaurants in 19 states operating Denny’s, El Pollo Loco, Krispy Kreme, and Wendy’s.

Listen to Roland Spongberg share how his planning environment evolves as the family and business transform over time. Succession planning is an ongoing process that refines strategies toward the vision imagined.

How We Help You

Are you struggling with family business succession planning like Roland Spongberg once did? With the desire to create opportunities for your family and ensure the continued success of your business, navigating succession planning can be complex, especially with multiple family members involved. As your family and business evolve over time, it’s crucial to adapt your planning strategies to align with your vision for the future.

Contact Us today for insights and resources to help streamline your succession planning process. Whether you’re just starting to consider succession or looking to refine your existing strategies, our team can provide valuable guidance tailored to your unique situation. Schedule a consultation with us, and in just 30 minutes, you’ll gain actionable ideas to apply to your business immediately. Let’s work together to secure a bright future for your family and business.

Franchisee Succession Planning Resources

  • Succession Readiness Survey:  A 7-minute investment in time will put you in an informed position of opportunities many business owners overlook impacting business value, growth, lifestyle, and ultimately achieving your vision.
  • Contact Us: We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.

For more insight from Roland Spongberg, Founder and President of WKS Restaurant Group, check out the episode It is Possible to be Equitable


The Succession Planning Matrix

Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.family-business-succession-planning

Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.

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We can provide insights and other resources and assess whether it makes sense to work together. In just 30 minutes, you may gain actionable ideas that you can immediately apply to your business. Contact us via phone or email below, or fill out the “Ask An Expert” form.