Author Topic: Small Family Business in Canada (Trying to Buy It Out)  (Read 3806 times)

Spekulatius

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Re: Small Family Business in Canada (Trying to Buy It Out)
« Reply #10 on: January 27, 2019, 06:52:25 AM »
^ Good ideas above. I like the idea to get other employees involved. It certainly seems like you will need some sort of a partner.
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Cevian

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Re: Small Family Business in Canada (Trying to Buy It Out)
« Reply #11 on: January 27, 2019, 09:21:13 AM »
Depending on the opportunity, I may have some investors in mind that may be interested.

Feel free to PM me.

John Hjorth

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Re: Small Family Business in Canada (Trying to Buy It Out)
« Reply #12 on: January 27, 2019, 09:26:34 AM »
Depending on the opportunity, I may have some investors in mind that may be interested.

Feel free to PM me.

This is great. CoBF at its best.
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jm25

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Re: Small Family Business in Canada (Trying to Buy It Out)
« Reply #13 on: January 28, 2019, 07:58:41 AM »
Depending on the opportunity, I may have some investors in mind that may be interested.

Feel free to PM me.

As do I. Located in Canada.

valueinvestor

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Re: Small Family Business in Canada (Trying to Buy It Out)
« Reply #14 on: January 28, 2019, 09:50:28 AM »
What is the "commercial facility" does that mean the business owns the building it operates out of?

No, they do not own the building, but like other manufacturing plants that do not own the property. If there is a secured lease with the landlord, a strategic buyer or a new entrant may be interested in purchasing an already running commercial facility, as opposed to developing one from scratch, if the price is right.

valueinvestor

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Re: Small Family Business in Canada (Trying to Buy It Out)
« Reply #15 on: January 28, 2019, 09:58:17 AM »
Not my favourite suggestion but have you thought about asking friends and family (for a loan, co-ownership or for guaranteeing a bank loan)? Cause it sounds like you need a favour.

Good luck! :)

Thank you! At the moment, I have not tried, but in my experience, as it is not my first time running a business, whenever you take capital from someone, it is probably best to get it from a person/group who can provide know-how, network, or other benefits with the capital. It also helps to have a person who's investment goals are aligned with the operational goals of the business. So far in my mind, I do not know anyone, but I am already starting to work on it (but more likely a last resort).

Are there any other employees that might also be interested? Maybe you could do a majority stake and have minority stakes for your employee partners. It might also help with retaining them and keeping them more incentivized to help the business succeed.

The only coworkers that I have that were managers, capital allocators and/or operators are the owner, myself, and one other person. The owner wants to retire, and the other person is in the same position as me. However, if one of us has access to capital, then it will be acquired ASAP.

Depending on the opportunity, I may have some investors in mind that may be interested.

Feel free to PM me.

This is interesting, I definitely look forward to seeing where this goes.

Depending on the opportunity, I may have some investors in mind that may be interested.

Feel free to PM me.

As do I. Located in Canada.

I'll PM you as well! :)

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Wow thank you for the incredible ideas and insight everyone, I certainly did not expect people willing to take a look at the business to be a potential investment, this really is amazing!

farnamstreet

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Re: Small Family Business in Canada (Trying to Buy It Out)
« Reply #16 on: January 28, 2019, 10:40:19 AM »
We're always looking to invest in amazing people or businesses. https://syruspartners.com/


fishca

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Re: Small Family Business in Canada (Trying to Buy It Out)
« Reply #17 on: January 29, 2019, 10:39:47 PM »
Hey, I work at the one of the Big Four accounting firms in the GTA (so lots of knowledge for this kind of transaction - albeit much bigger than your deal). Nonetheless, I have some contacts in the PE industry who may be able to help you out, and I also know of financing arrangements for small businesses (BDC, Canada Small Business Financing Program) that you might be able to utilize. PM me and I'll try to point you in the right direction.

gurpaul88

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Re: Small Family Business in Canada (Trying to Buy It Out)
« Reply #18 on: January 30, 2019, 07:56:07 AM »
Sorry to hijack, but would love to know more about financing arrangements for purchasing business. I am situated in the GTA as well. TIA!

valueinvestor

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Re: Small Family Business in Canada (Trying to Buy It Out)
« Reply #19 on: January 30, 2019, 01:22:24 PM »
Hey, I work at the one of the Big Four accounting firms in the GTA (so lots of knowledge for this kind of transaction - albeit much bigger than your deal). Nonetheless, I have some contacts in the PE industry who may be able to help you out, and I also know of financing arrangements for small businesses (BDC, Canada Small Business Financing Program) that you might be able to utilize. PM me and I'll try to point you in the right direction.

Thank you! I'll PM you now.