Network Company President - Specialty Retail

Greater Los Angeles Area, CA | Teamshares - President Network | Full-time | On-site

About Teamshares

Teamshares is one of America's largest buyers of small businesses from retiring owners and is on a mission to make employee ownership the future of small business. We buy promising companies from retiring owners, gifting employees an immediate 10% ownership stake in the business, and supporting their ongoing growth through proprietary software, education, financial products and best-in-class leadership support.

We're building a network of 10,000 employee-owned small businesses, creating $10 billion of stock wealth for wage workers and supporting generations of business owners into confident retirement. Together, we will reduce global wealth inequality while ensuring vital small businesses, and the communities they serve, continue to flourish.

Learn more at teamshares.com

The Opportunity

We are looking for a President to lead the next chapter of a longstanding, highly respected specialty retailer in the Greater Los Angeles area. For decades, this business has been a trusted destination for customers seeking authentic, high-quality health and wellness products and specialty foods, known for product expertise, consistent quality, and personal service. The business serves customers through its retail operations, an ecommerce channel that ships nationwide, and wholesale relationships with business customers. It is a growing company with strong operations, loyal customers, an experienced team, and deep roots in the community it serves.

The ideal fit is a hands-on leader who has experience in specialty retail, consumer products, or food and wellness distribution, whether from running a multi-channel retail business, leading an ecommerce operation, or managing wholesale and distribution accounts. You will partner with an experienced team, and you will take ownership of the vendor relationships, merchandising, and pricing decisions that keep the assortment compelling across every channel. You should be comfortable reading and managing a P&L, with support from an experienced controller. Fluency in Mandarin and English is required for this role; Cantonese is a strong plus.

The first year is about stability and continuity: earning the trust of the team, customers, and vendors as the business transitions to employee ownership, while building the foundation for growth. The exiting owner will remain involved for a transition period to support a smooth handoff. This is also a customer- and community-facing role, and we are looking for someone who wants to be a visible, engaged presence with customers, partners, and the broader community.

This is a full-time, onsite role, five days a week.

What You Will Do:

Serve as President of a longstanding, community-rooted specialty retailer. You will own full P&L responsibility, business strategy, and operations, and will report to a Teamshares Industry Lead who supports a portfolio of companies within the sector.

•Determine and be responsible for all business strategy, operations, and P&L management

•Lead an experienced team of existing employee owners

This Includes:

•Lead and Develop the Team: Lead a team across retail, fulfillment, and wholesale functions. Support and retain top performers, coach and develop the team, and protect the knowledgeable, high-touch service that sets the business apart.

•Own Merchandising and Vendor Relationships: Take ownership of purchasing, pricing, inventory, and supplier partnerships, including domestic and international suppliers. Keep the assortment authentic, differentiated, and profitable across retail, ecommerce, and wholesale.

•Drive Revenue Growth: Lead efforts to grow the business through marketing, customer loyalty, ecommerce growth, and the development of new wholesale accounts, while preserving the in-store experience customers value.

•Execute Operational Business Objectives: Develop and execute repeatable business processes to achieve key business results. Whether it's documenting existing effective methods or developing new structures, you will be responsible for establishing and tracking key operational metrics and financial outcomes across retail, ecommerce fulfillment, warehouse, and wholesale.

•Collaborate on Financial Decisions: Work closely with Teamshares staff and company-level financial partners to manage ongoing expenses, capital purchases, and growth initiatives.

•Stabilize Through Ownership Transition: Serve as a steady operational leader during the transition to the Teamshares model, maintaining continuity for customers, employees, and vendors while building the foundation for long-term growth under new ownership.

•Lead Growth Initiatives: Act as a growth leader, working with employee owners to improve company operations and expand revenue opportunities.

•Manage HR and Personnel Matters: Handle HR responsibilities, including staff disputes, employee performance evaluations, job reviews, raises, and bonuses.

•Build Relationships: Invest in your local community through civic organizations, local events, and philanthropy, and build strong relationships with customers, vendors, and mission-aligned organizations.

•Transition to Employee Ownership: Collaborate with Teamshares and fellow shareholders during the transition to employee ownership, coaching and partnering to instill an owner's mindset that drives better business outcomes and fosters a positive, values-aligned company culture.

What You Bring:

•Language: Fluency in Mandarin and English is required. Cantonese is a strong plus.

•Multi-Channel Retail Leadership: A proven track record leading a retail business across in-store, ecommerce, and/or wholesale channels, including coaching, motivating, and retaining a team.

•Ecommerce and Wholesale Experience: Meaningful experience growing an online sales channel, including site merchandising, digital marketing, and order fulfillment, and managing wholesale or B2B accounts. Experience in specialty food, health and wellness, or consumer products is a strong plus.

•Merchandising and Vendor Management: Experience with purchasing, pricing, inventory management, and vendor negotiation. Familiarity with importing and international sourcing is a strong plus.

•P&L Fluency: A solid working understanding of a P&L, gross margin, discounting, and inventory, and the ability to partner effectively with a controller.

•Steady, People-First Leadership: The judgment and temperament to lead a tenured team through change with care, building trust before making changes.

•Community Presence: A genuine desire to be a visible, engaged leader in the local community.

•Clear Communication and Collaboration: Ability to communicate effectively, solve problems, and foster constructive collaboration with all employees.

•Proven Leadership: Demonstrated people leadership abilities with strong interpersonal and communication skills and a low-ego, collaborative approach.

•Entrepreneurial Mindset: An entrepreneurial spirit with a desire to build, innovate, and operate hands-on in a transformative environment.

•Project Management and Problem-Solving: Proven project management skills coupled with a humble, hands-on, get-it-done attitude.

•Business Acumen: Strong analytical skills to oversee company financials and develop effective strategies for sustainable growth.

•Growth Mindset: Willingness to explore new ideas, learn from mistakes, and innovate continuously.

•Strategic Partnership: Ability to partner with stakeholders to establish a clear vision, define measurable KPIs, and develop strategies to achieve financial goals.

•Agility and Flexibility: Equally adept at thinking creatively and critically, with a natural bias toward action

What You Receive:

•Equity stake both in the network company and in Teamshares

•Competitive salary and benefits

•Ongoing business and leadership development training throughout your tenure

•Access to exceptional medical/dental/vision benefit plans

•Paid parental leave

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. As a Teamshares president, you're not alone; you'll be part of a dynamic community of fellow small business leaders, with ongoing support from Teamshares, beginning with our Leadership Accelerator program. Please don't hesitate to apply.

Teamshares is passionate about creating an inclusive workplace that values diverse perspectives and fosters a genuine sense of belonging. We actively seek to build a workforce representative of various cultures, backgrounds, and areas of expertise. Our employee-driven Core Values guide how we treat each other and show up every day. We welcome and encourage applicants from candidates of all backgrounds, including any race, color, religion, sex, gender identity, sexual orientation, national origin, disability status, protected veteran status, or other characteristics.

About the company

Teamshares is a platform that helps small businesses transition to employee ownership when owners retire. It buys retiring owners' businesses and gradually transfers stock to employees, starting with 10% equity and increasing to 80% over 20 years, to preserve business continuity and jobs. Revenue comes from profits of acquired businesses and from offering proprietary software, education, and financial products. The company differentiates itself by focusing on mission-driven leadership and long-term owner-to-employee equity transfers rather than traditional buyouts, aiming to redistribute stock wealth and strengthen local economies. Its goal is to redistribute $10 billion of stock wealth to hard-working Americans while keeping small businesses alive and employees financially invested in their work.

Company Size

51-200

Company Stage

IPO

Headquarters

New York City, New York

Founded

2019

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Simplify's Take

What believers are saying

Q2 2026 revenue rose 20% to $148.7 million, with adjusted EBITDA up 166%.
September 2026 preferred financing adds $225 million for acquisitions and balance-sheet flexibility.
Management said August 2026 LOIs covered $30 million EBITDA, supporting 2026 growth targets.

What critics are saying

The 16% preferred dividend issued September 23, 2026 pressures cash flow immediately.
Non-binding LOIs leave Teamshares exposed if diligence fails before year-end 2026 closings.
Nasdaq listing dependence and refinance needs create existential risk if acquisition funding tightens.

What makes Teamshares unique

Teamshares bought 90-plus subsidiaries and runs them as an employee-ownership rollup.
Its proprietary software sources 15,000 size-qualified sellers annually, creating a unique acquisition funnel.
The platform combines acquisition capital, education, and equity software for retiring-owner succession.

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Benefits

Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
401(k) Company Match
401(k) Retirement Plan
Profit Sharing
Paid Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-2%

2 year growth

-1%

MarketScreener

Oct 19th, 2026

Teamshares repays $150M legacy facility with $130M Sound Point term loan, cutting interest by $5M

Teamshares has repaid a $150 million legacy credit facility in full, using a new $130 million, four-year term loan from affiliates of Sound Point Capital and cash on hand. The new loan matures in the fourth quarter of 2030. The loan carries a floating rate of 9.5% above SOFR, 1.5 percentage points lower than the old facility. Annual interest expense should fall by about $5 million at current SOFR levels. Teamshares, a Nasdaq-listed buyer of small and medium-sized businesses from retiring owners, has also started repaying $17 million of mezzanine debt early. That should cut annual interest by another $3 million. Chief financial officer Brian Gaebe called the loan "a bridge to the lower spreads" the company expects as it grows. Teamshares can still raise more debt for acquisitions.

MarketScreener

Sep 23rd, 2026

Teamshares secures $225M preferred equity from T. Rowe Price to fuel SME acquisitions

Teamshares has secured a $225 million preferred equity investment from accounts advised by T. Rowe Price Investment Management. The funding is structured as Series A perpetual, non-voting, non-convertible preferred stock. The company intends to use the proceeds primarily for acquisitions, central to its programmatic growth strategy. The investment includes an option to raise an additional $75 million from other institutional investors. The preferred stock carries a 16% annual dividend rate if paid in cash, stepping down to 14.5% upon meeting specified deleveraging and EBITDA thresholds. The instrument is callable at any time, subject to make-whole provisions through the second anniversary, and holders may require redemption beginning on the seventh anniversary. CEO Michael Brown noted the company has over 15,000 size-qualified, actively-for-sale companies annually through its software. Teamshares operates subsidiaries with consolidated revenue exceeding $500 million for the trailing twelve months as of 30 June 2026. Goldman Sachs served as exclusive financial advisor on the transaction.

Alabama Business Reporter

Sep 23rd, 2026

Teamshares announces $225 million preferred equity investment.

Teamshares announces $225 million preferred equity investment. Investment enhances Teamshares' programmatic acquisition strategy with flexible, non-dilutive capital. NEW YORK, Sept. 23, 2026 (GLOBE NEWSWIRE) - Teamshares (NASDAQ:TMS, the "Company"), a tech-enabled acquiror of high-quality SMEs, announced a significant investment by accounts advised by T. Rowe Price Investment Management, Inc. ("TRPIM"). Teamshares has closed a $225 million preferred equity investment, structured as a newly designated Series A perpetual, non-voting, non-convertible preferred stock (the "Series A Preferred Stock"). The investment proceeds are primarily intended to fund additional acquisitions, core to Teamshares' programmatic acquisition growth strategy. The definitive documents include the Company's ability to issue up to an additional $75 million to other institutional investors. Teamshares' strategic rationale for the financing includes: * Growth capital in place: Funded acquisition capital derisks the financing execution to achieve Teamshares' 2026 and 2027 acquisition growth targets. Deployment of this capital towards accretive acquisitions is expected to meaningfully improve the Company's cash flow profile. * Non-dilutive instrument: The non-convertible and non-voting terms preserve common stock ownership. * Attractive blended cost of capital: The funds will ultimately be combined with lower cost senior acquisition debt financing and seller notes to create an attractive blended cost of capital. * Strengthens capital position and financial flexibility: The Series A Preferred Stock is subordinated to senior lenders and is expected to strengthen the Company's capital position as it pursues the refinancing of existing indebtedness and additional acquisition debt financing. The structure preserves flexibility to access and optimize senior debt financing alongside the preferred investment. The instrument can also be redeemed by the Company at any time subject to customary make-whole and redemption premiums. Teamshares CEO Michael Brown said, "We are grateful to attract top-tier investors like TRPIM as we set out to scale in the public markets. Teamshares has a vast inbound funnel of high-quality SMEs, with over 15,000 size-qualified, actively-for-sale companies per year through our software. We have subsequently signed additional LOIs beyond the $30 million of EBITDA under LOI disclosed on our recent earnings call, and we plan to start deploying this fresh balance sheet capital quickly into high-quality acquisitions with durable cash flow at attractive returns on invested capital. We are pleased that our recent public market entry is bearing fruit, with a wider array of tools to deliver shareholder value and a resilient, flexible balance sheet. Speaking with strong conviction in our prospects to compound shareholder value, I believe this financing preserves significantly more upside for existing common shareholders than raising an equivalent amount of common equity at this stage of our growth." Teamshares CFO Brian Gaebe added, "The returns on our acquisitions are attractive relative to our blended financing cost and we believe that spread can drive meaningful earnings growth and incremental cash flow. Also, this investment strengthens our capital position and provides an important foundation for optimizing our capital structure over time, including enhancing our ability to access debt financing on attractive terms." Key terms of the Series A Preferred Stock include: * Size: $225 million issued at closing with the ability to issue up to an additional $75 million of the same series to other institutional investors. The funded amount is net of a 1% original issue discount. * Dividend rate: 16.0% per annum if paid in cash, stepping down to 14.5% in cash if specified deleveraging and EBITDA thresholds are met. Teamshares may elect to pay-in-kind at a premium. * Ranking: Senior to common stock and junior to any indebtedness. * Redemption: Callable at any time and subject to make-whole through the second anniversary, and thereafter at a declining premium. Holders may require redemption beginning on the seventh anniversary of issuance. * Voting rights: Non-voting, except as required by Delaware law. Goldman Sachs & Co. LLC acted as exclusive financial advisor and Mayer Brown LLP served as legal counsel to Teamshares in connection with the transaction. Nelson Mullins Riley & Scarborough LLP served as legal counsel to TRPIM. Additional information regarding the terms of the Series A Preferred Stock is available in Teamshares' Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission, also available on the Company's investor relations website at https://investors.teamshares.com/. About Teamshares Teamshares is a tech-enabled acquiror of high-quality businesses, intending to be a permanent home for businesses. Part holdco, part fintech, Teamshares programmatically acquires companies with $0.5 to $5 million of EBITDA from retiring owners, integrates them with the Teamshares platform, and helps employees earn operating company stock. Founded in 2019, Teamshares operates subsidiaries with consolidated revenue of over $500 million for the trailing twelve month period as of June 30, 2026 across over 40 industries and 30 states. For more information, visit https://investors.teamshares.com/. Forward Looking Statements This press release contains forward-looking statements. All statements other than statements of historical facts contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terms such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "seeks," "future," "outlook," "prospects," "will," "would," "should," "could," "may," "can have" or similar words. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict and that could cause actual results to differ materially from those contemplated by the forward-looking statements. These risks include, but are not limited to, the following: our ability to realize the expected benefits from the Company's recent business combination; our ability to maintain the listing of our common stock on Nasdaq; our ability to consummate any current potential financing transactions and our ability to raise financing in the future and to comply with restrictive covenants related to long-term indebtedness; our limited operating history; our ability to manage growth effectively; our ability to successfully acquire, integrate and grow SMEs and implement our tech-enabled employee ownership platform; our ability to continue as a going concern; our ability to refinance or extend certain of our existing credit facilities; costs and resources of operating as a public company; unfavorable or no analyst research or reports; and those risks and factors described under the caption "Risk Factors" in the Company's registration statement on Form S-4, Quarterly Report on Form 10-Q and other subsequent filings made with the Securities and Exchange Commission ("SEC"). Forward-looking statements speak only as of the date of this press release and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events or otherwise. Contacts Investor Relations Contact: [email protected] Press Contact: [email protected] Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Alabama Business Reporter do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Associated Press

Jul 24th, 2026

Teamshares to release Q2 2026 earnings on 14 August

Teamshares will release its second quarter 2026 financial results before market open on 14 August 2026. Management will host a conference call at 8:30 EDT the same day to discuss the results. The company is a tech-enabled acquirer of small and medium-sized enterprises, acting as a permanent home for businesses when owners retire. Teamshares programmatically acquires companies with $0.5 million to $5 million of EBITDA from retiring owners, integrates them with its platform, and helps employees earn company stock. Founded in 2019, Teamshares operates subsidiaries with consolidated revenue of $490 million across over 40 industries and 30 states.

Yahoo Finance

Jun 10th, 2026

Teamshares targets $100M EBITDA by 2027 through tech-enabled SME acquisitions

Teamshares, a tech-enabled acquirer of small and medium-sized enterprises, is preparing for a NASDAQ listing as it pursues a massive market opportunity in business succession planning. The company buys businesses with $500,000 to $5 million in EBITDA from retiring owners, operating as a consolidated company rather than an investment fund. CEO Michael Brown said Teamshares has acquired over 90 companies with approximately $500 million in consolidated revenue. The company plans to grow from $19 million EBITDA in 2025 to $100 million by 2027, capitalising on 4.5 million small businesses owned by baby boomers and Gen X requiring succession planning over the next 20 years. Teamshares achieved positive consolidated EBITDA in 2025. The public listing will provide faster, cheaper access to acquisition financing.

Teamshares

Network Company President - Wellness Retail

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