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Book titled 'Selling Your Canadian Business' by Karl E. Sigerist, Jr.

Most owners sign before they're ready

Our eight-dimension readiness assessment for your business exit strategy reveals your actual timeline before you engage with a buyer, ensuring thorough exit preparation assessment and M&A readiness.

Download your free assessment

Readiness Assessment: Are You Truly Prepared for a Business Exit?

(why this matters)

You

Solution

Buyer

First business exit. I had no experience in business exit strategy, never negotiated with serious buyers, and lacked the knowledge necessary for an effective exit preparation assessment. I had never managed due diligence and had zero knowledge of red flags in M&A readiness.

Buyer

Solution

Buyer

We have acquired dozens, hundreds, and sometimes thousands of businesses, equipped with acquisition teams and templates that streamline our process. Our in-depth knowledge includes every red flag to watch for, ensuring effective exit preparation assessments. With institutional knowledge that spans decades and billions in transaction value

We have acquired dozens, hundreds, and sometimes thousands of businesses, equipped with acquisition teams and templates that streamline our process. Our in-depth knowledge includes every red flag to watch for, ensuring effective exit preparation assessments. With institutional knowledge that spans decades and billions in transaction value, we also prioritize M&A readiness to optimize each acquisition.

Costs

Solution

Solution

Due diligence reveals issues during the business exit strategy process. A buyer discovers weaknesses, and the owner finds themselves locked in an exclusive agreement. With leverage gone, unprepared sellers face an imbalance that costs them millions in preventable losses, including price cuts, tax inefficiency, operational distraction, tea

Due diligence reveals issues during the business exit strategy process. A buyer discovers weaknesses, and the owner finds themselves locked in an exclusive agreement. With leverage gone, unprepared sellers face an imbalance that costs them millions in preventable losses, including price cuts, tax inefficiency, operational distraction, team attrition, and an emotional toll. This misstep can lead to lost years if an exit preparation assessment is not undertaken to ensure M&A readiness.

Solution

Solution

Solution

Preparation is key to an effective business exit strategy. An exit preparation assessment will ensure diagnostic reveals readiness. Advisers are coordinated to facilitate the process, while buyers compete for the opportunity, giving the owner significant leverage in the M&A readiness landscape.

How readiness works

Eight dimensions determine your exit readiness.

Financial statements quality

Financial statements quality

Financial statements quality

First business exit. I had no experience in business exit strategy, never negotiated with serious buyers, and lacked the knowledge necessary for an effective exit preparation assessment. I had never managed due diligence and had zero knowledge of red flags in M&A readiness.

Management independence

Financial statements quality

Financial statements quality

We have acquired dozens, hundreds, and sometimes thousands of businesses, equipped with acquisition teams and templates that streamline our process. Our in-depth knowledge includes every red flag to watch for, ensuring effective exit preparation assessments. With institutional knowledge that spans decades and billions in transaction value

We have acquired dozens, hundreds, and sometimes thousands of businesses, equipped with acquisition teams and templates that streamline our process. Our in-depth knowledge includes every red flag to watch for, ensuring effective exit preparation assessments. With institutional knowledge that spans decades and billions in transaction value, we also prioritize M&A readiness to optimize each acquisition.

Customer concentration

Financial statements quality

Customer concentration

Due diligence reveals issues during the business exit strategy process. A buyer discovers weaknesses, and the owner finds themselves locked in an exclusive agreement. With leverage gone, unprepared sellers face an imbalance that costs them millions in preventable losses, including price cuts, tax inefficiency, operational distraction, tea

Due diligence reveals issues during the business exit strategy process. A buyer discovers weaknesses, and the owner finds themselves locked in an exclusive agreement. With leverage gone, unprepared sellers face an imbalance that costs them millions in preventable losses, including price cuts, tax inefficiency, operational distraction, team attrition, and an emotional toll. This misstep can lead to lost years if an exit preparation assessment is not undertaken to ensure M&A readiness.

Tax optimization

Financial statements quality

Customer concentration

Preparation is key to an effective business exit strategy. An exit preparation assessment will ensure diagnostic reveals readiness. Advisers are coordinated to facilitate the process, while buyers compete for the opportunity, giving the owner significant leverage in the M&A readiness landscape.

Compliance & legal

Working capital & assets

Operations documentation

First business exit. I had no experience in business exit strategy, never negotiated with serious buyers, and lacked the knowledge necessary for an effective exit preparation assessment. I had never managed due diligence and had zero knowledge of red flags in M&A readiness.

Operations documentation

Working capital & assets

Operations documentation

We have acquired dozens, hundreds, and sometimes thousands of businesses, equipped with acquisition teams and templates that streamline our process. Our in-depth knowledge includes every red flag to watch for, ensuring effective exit preparation assessments. With institutional knowledge that spans decades and billions in transaction value

We have acquired dozens, hundreds, and sometimes thousands of businesses, equipped with acquisition teams and templates that streamline our process. Our in-depth knowledge includes every red flag to watch for, ensuring effective exit preparation assessments. With institutional knowledge that spans decades and billions in transaction value, we also prioritize M&A readiness to optimize each acquisition.

Working capital & assets

Working capital & assets

Working capital & assets

Due diligence reveals issues during the business exit strategy process. A buyer discovers weaknesses, and the owner finds themselves locked in an exclusive agreement. With leverage gone, unprepared sellers face an imbalance that costs them millions in preventable losses, including price cuts, tax inefficiency, operational distraction, tea

Due diligence reveals issues during the business exit strategy process. A buyer discovers weaknesses, and the owner finds themselves locked in an exclusive agreement. With leverage gone, unprepared sellers face an imbalance that costs them millions in preventable losses, including price cuts, tax inefficiency, operational distraction, team attrition, and an emotional toll. This misstep can lead to lost years if an exit preparation assessment is not undertaken to ensure M&A readiness.

Personal & family

Working capital & assets

Working capital & assets

Preparation is key to an effective business exit strategy. An exit preparation assessment will ensure diagnostic reveals readiness. Advisers are coordinated to facilitate the process, while buyers compete for the opportunity, giving the owner significant leverage in the M&A readiness landscape.

Two Paths Forward


Location pin icons with letter A and a dotted route path.

Score 7-8 on readiness assessment.

First business exit. I had no experience in business exit strategy, never negotiated with serious buyers, and lacked the knowledge necessary for an effective exit preparation assessment. I had never managed due diligence and had zero knowledge of red flags in M&A readiness.

Route from point B to another location.

Score 3-6 on readiness assessment.

We have acquired dozens, hundreds, and sometimes thousands of businesses, equipped with acquisition teams and templates that streamline our process. Our in-depth knowledge includes every red flag to watch for, ensuring effective exit preparation assessments. With institutional knowledge that spans decades and billions in transaction value, we also prioritize M&A readiness to optimize each acquisition.

Diagram showing steps from Letter of Intent to closing terms.

True cost of unprepared exits

First business exit. I had no experience in business exit strategy, never negotiated with serious buyers, and lacked the knowledge necessary for an effective exit preparation assessment. I had never managed due diligence and had zero knowledge of red flags in M&A readiness.

White connected user icons on dark background representing a  professionals network of advisors

A professionals network of advisors

We have acquired dozens, hundreds, and sometimes thousands of businesses, equipped with acquisition teams and templates that streamline our process. Our in-depth knowledge includes every red flag to watch for, ensuring effective exit preparation assessments. With institutional knowledge that spans decades and billions in transaction value, we also prioritize M&A readiness to optimize each acquisition.

Network of connected  professionals network of advisors icons.

Your advisory team

Due diligence reveals issues during the business exit strategy process. A buyer discovers weaknesses, and the owner finds themselves locked in an exclusive agreement. With leverage gone, unprepared sellers face an imbalance that costs them millions in preventable losses, including price cuts, tax inefficiency, operational distraction, team attrition, and an emotional toll. This misstep can lead to lost years if an exit preparation assessment is not undertaken to ensure M&A readiness.

Four-phase process

  • We coordinate and execute on your timeline, not a buyer's.
  • We conduct a  preliminary valuation.
  • We orchestrate bring in specialist advisors (tax, operations, legal, accounting) to form a deal team that advises and recommends;


  • Establish a family trust, if multiplying Lifetime Capital Gains Exemptions (LCGE) and audit the balance sheet for passive "bad assets".
  • Execute section 85 rollovers to a Holdco, clear passive cash via dividends, or accelerate active capex.
  • Maintain asset purity (>50% active assets) continuously. Clean up corporate minute books and employment contracts.
  • Identify and scrutinise any issues related to owner dependency, management independents, customer, suppliers’ concentration, documented; accounting, finance, legal, human resources, leadership succession, operating policies and processes.
  • Implement strategies and action plans to address identified issues. 
  • Commission an independent Quality of Earnings (QofE) report to lock down normalized Earnings Before Income Taxes and Amortization (EBITDA) and Net Working Capital (NWC) amounts and start to prepare the virtual data room (VDR).


  • Revise the valuation, building the virtual data room, and drafting marketing materials; teaser,      confidential information memorandum (CIM).
  • Screen for foreign buyer regulatory hurdles (competition act).


  • Contacting potential suitors, signing non-disclosure agreements (NDAs), and distributing the CIM, fielding questions from potential suitors.
  • Receiving indicative offers, and narrowing the buyer pool, negotiating upwardly revised bids, sharing limited access to the VDR to begin preliminary due diligence.
  • Receiving upwardly revised offers, helping management presentations, site visits, and further narrowing the buyer pool, negotiating upwardly revised bids, and sharing the sellers Share Purchase Agreement (SPA).
  • Collecting upwardly revised letters of intent (LOIs), along with buyer marked up SPA. Negotiating SPA and LOIs deal terms, deal term, and structure including NWC before agreeing to go exclusive.
  • Facilitate deep-dive due diligence, while negotiating the SPA, employment and consulting      agreements, non-compete agreements securing regulatory approvals, and transaction funding.
  • Close the transaction.


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