Hey everyone,
I'm curious if anyone's come across or worked on a deal like this. I'm looking at a Canadian procurement/MRO services business in the oil & gas space that's been around since###-###-#### It generates about CAD 600k in EBITDA, and roughly 68% of its revenue comes from one major client—a long-term relationship dating back to 1999 with no personal ties to the owner. The whole deal is pegged at around CAD 3M, and impressively, the seller’s already on board with roughly CAD 2.3M in seller financing.
So here’s my question: has anyone done a deal with such high seller financing? I’m left with about CAD 750k to secure externally. Do you reckon I should try to raise that from a direct investor, or would it make more sense to go with bank financing and just close the deal myself? I’m especially looking to connect with direct, easy-to-work-with investors—meaning folks who aren’t part of a larger firm with lengthy approval processes.
Appreciate any thoughts or advice!
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