Casting or Recasting - What's the Difference?

Definitions of Casting. 1. The art of throwing a fishing line out over the water by means of a rod and reel. 2. The act or process of choosing actors.

Operating your own business may seem frightfully similar to either one of the above definitions! However, when it comes to valuing your business for sale purposes, there is a type of casting that is crucial. Recasting.

What “recasting” the financial statements does is:

• Provide a clear indication of the business value to help the owner form accurate expectations
• Allow for owner benefits such as salary, perks, and discretionary expenses to be added back into the value of the business so a future buyer can accurately assess its cash flow and future earning capacity.
• Enable buyers to make meaningful comparisons with other investment opportunities.

Recasting is one of many services provided by BC Business Brokers. We assist business owners in understanding financial statements so they can move forward with the completion of the business sale. We also bring qualified buyers to the table and assist them in finding the right business for their background, lifestyle and financial goals. Because selling a business is pivotal on its asking price, the consultants at BC Business Brokers are trained to perform an analysis of financial statements to calculate a range for the “Most Probable Selling Price” (MPSP) of the business. This range is what the current market will typically support.

BC Business Brokers provides outstanding resources, expertise and people who are dedicated to the success of its clients. And if you’re lucky, your business broker may even take you fishing… with a rod and reel that is! You are welcome to visit our local website http://www.bcbusinessbroker.ca/, or the international website www.sunbeltnetwork.com/vancouverisland. Feel free to contact us direct at 250-751-7917 or 1-877-289-0969 to learn more about what our business specialists can do for you.

Brewing Up A Business

It’s an exciting time for the BC microbrewing industry with provincial sales reaching a record high. British Columbians seem to be veering away from the big beers and gravitating towards “craft breweries”, also known as “microbreweries”.  Some use the terms synonymously, others say there’s a difference between the quantity produced and methodologies used. But one thing is certain: In Canada’s $8 billion beer industry, the numbers are up for traditional ales and down for industrial commodity beer.  According to Rick Green, Executive Director of the Craft Brewers Association of British Columbia, “BC is basically the leading province in the craft beer movement.”  That’s all great news for Jennifer Lewis and Travis Findlater, the new owners of Fat Cat Brewery in Nanaimo, who plan a relaunch of the newly branded business as “Wolf Brewing Co.” in February. According to Jennifer Lewis “the recipes will remain the same with 1 or 2 new ales coming to the market.” Michael Naprawa, of BC Business Brokers is pleased that this longstanding, local brewery has been sold to a team of owners with new vision and new energy to take the business to the next level.”  Lewis and Findlater were relieved that the overwhelming details of the business transaction were handled by a business brokerage firm in Nanaimo, BC Business Brokers, the company that marketed the business and negotiated the sale.  “We were very pleased with the services provided by Michael Naprawa—his business advice and professional contacts were invaluable to making the transfer of ownership go smoothly” said Lewis. Learn more on:www.youtube.com/watch?v=nydVgJ_9kdY


If you are considering small business ownership or the sale of your business, feel free to contact BC Business Brokers.  We can help.  Visit our local website at www.bcbusinessbroker.ca or www.sunbeltbroker.ca or phone 1-877-289-0969