Karen Thomas of OEOC writes about Athens, Ohio's Casa Nueva in 2002:
Casa Nueva opened for business as a worker-owned cooperative in 1985 when the much-indebted owner of Case Que Pasa, a local Mexican restaurant, skipped town. As then-manager Schaller recalled, "a group of us [employees] ran the business until the bailiff showed up. Because we lacked the capital to buy the business ourselves, we incorporated as a cooperative within a C corporation. "Each founder put up $1,000 and bought the assets out of receivership. We then got local bank loans for working capital. We showed a profit in the first year and enjoyed double digit growth for the next decade," said Nancie Buerkel, Casa’s financial coordinator and a member since 1989. "Today we make $1 million plus in annual sales."