Question 1

Who is GaraCan?

Accepted Answer

GaraCan is dedicated to partnering with garage door service and installation companies across Canada that want access to capital and expertise to grow their business or pass on their legacy. With our unwavering commitment to excellence, we aim to create a world-class platform of premier garage door brands across Canada.

Question 2

What is the process to sell my business?

Accepted Answer

The process includes:
1. Initial introductions & non-disclosure agreement (NDA)
2. Sharing financial information
3. Letter of intent with purchase price (LOI)
4. Due diligence
5. Closing the deal & transferring funds

Question 3

Why should I partner with GaraCan?

Accepted Answer

GaraCan is built on best-in-class service, systems, and people. Selling to GaraCan provides your team with the tools, support, and expertise needed to grow your business. We accelerate growth through investment and offer support in procurement, training, marketing, and technology.

Question 4

What will happen to my employees?

Accepted Answer

We value the business you've built and your team. At GaraCan, we put people first and look forward to welcoming your employees, aiming for a true partnership where we grow together.

Question 5

What will happen to my brand?

Accepted Answer

Your brand remains unchanged! We build a family of local brands throughout Canada and partner with companies that have strong reputations. You've worked hard to build your brand—why eliminate that?

Question 6

What is my involvement after I sell?

Accepted Answer

We encourage founders and owners to stay involved, but if you're looking to pass on your legacy, we are excited to work with your emerging talent.

Question 7

What is the second bite at the apple?

Accepted Answer

The "second bite at the apple" means sellers roll over a minority stake in the company, staying part of the broader group to benefit from future growth and potentially an even bigger secondary payout later.

Question 8

How will you value my business?

Accepted Answer

We pay market value for healthy businesses based on financial and operational factors, including revenue mix, profitability, technician capability, staff retention, fleet quality, consistent financial performance, and other key indicators.

Question 9

What value will GaraCan provide?

Accepted Answer

Upon completing the transaction, our first question will be, 'How can we help?' Our shared services team alleviates the headaches of running a contracting business, providing operations, marketing, accounting, finance, and HR support to expedite value generation.

Question 10

How can I learn more and get started?

Accepted Answer

Email our Co-Founder, Stefan Georgescu, at stefan@garacan.ca or leave us a note through the Contact Us page.

Most Asked Questions

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