About the business
The company offers a vast selection of lighting products for designers, contractors and homeowners alike. The company has a beautiful showroom with a complete range of lighting fixtures in the Montérégie region.
Transaction in numbers
Asked Price
1 615 000$
Transaction leadtime
7 months
Negotiation with more than
12 buyers
Region
Montérégie
HR
10 employees
Commercial Building
Yes (1 400 000$)
Transaction Highlights
The company was sold to local construction contractors. The acquisition was structured as a hybrid, with part of the sale taking the form of an asset sale and part of the sale taking the form of a share sale. The objective was to maximize the capital gains deduction for the sellers and save transfer taxes for the purchasers.
Summary of leadtimes
- 3 weeks to find a buyer and sign a letter of intent
- 6 months to formalize sale at asking price
Client testimonial
“We needed his services for the sale of our business and commercial building, particularly with regard to the tax impact of the transactions and negotiations with the buyers’ legal advisor. We could not have received the sums we had set ourselves without his expertise”.
