Next Door Capital Group is a Vancouver-based group seeking a singular business acquisition

We're looking for at least 3 years of your most recent annual financials, and possibly some catchup numbers (sales, or expenses if anything out of the ordinary) for the months in between if were more than 2 months beyond your calendar year.

We work with all kinds of brokers, and typically this can be helpful to the process. Just introduce them to us and we can go from there.

We are looking to acquire 100% or a large majority of the company. In some scenarios, we could look at less, but post transaction we need to be able to grab the reigns and get rolling. In some scenarios we may look for current ownership to maintain a minority interest, or to finance a small amount of the transaction over a period as acts of good faith. In many cases this is something the previous owners want.

We highly recommend that you engage legal representation whose practice is focused on mergers & acquisitions (M&A) work. They will give you the best advice and it will help both sides throughout the transaction process because everyone is familiar with it. ​ We also recommend that you have good accounting advice, both for the business and the exiting shareholders. Typically your finance people will have existing outside advice here already, or your lawyer will be able to recommend someone. If not, we can help find you someone that matches your needs and can act for you.

Typically we would look to get through a discovery call, sign an NDA so you can send over financials, and then we'll work on financial modelling within a 2 week period. If we proceed to LOI we would get that over to you within another week or so and hopefully sign soon after. We tend to like to have key aspects spelled out in the LOI so that there are less things to negotiate later, so in some cases this can take longer as we try to get into alignment with each others goals up front. We'll likely want to do a most of our meetings in person with you. From there we would start due diligence, depending on the deal this can take 30 days or up to 90 days or longer. This is really driven by how quickly we can get information from your team. Expect us to have questions around understanding inventories, accounting practices, your customers, and key employees. We want to get a feel for the company and culture. Longer than 90 days and everyone might get get a bit antsy, so we would work hard to get this done ASAP. At this point the biggest risks are deal fatigue where everyone starts to get tired and even small things can cause frustration. Part of the reason to use experienced M&A advisors is that they've been through these things before and can help set expectation.