Section C
Project Status
Where we are now — timeline, countdown, critical path, and deliverable status.
C1
Process Timeline
Today
Jul 5 — Target Close
1
Value Builder
Assessment
Discovery
Completed
- Independent assessment of business value, owner-dependence risk, and baseline Value Builder Score
- Gaps, growth opportunities, and action plan identified to guide market readiness
2
Optimization
& Readiness
Value Enhancement
Completed
- Financial modelling, tax analysis, and deal structuring completed across multiple scenarios
- Operations streamlined and value drivers documented for buyer presentation
3
Phase 1
Due Diligence
Active — In Progress
- CIM follow-up questions, owner perks verification, and employee information — the inputs needed to finalize the CIM
- Phase 1 DD document requests underway — bay expansion confirmation, inventory write-down, and operational items
- Data room build-out in progress to ensure readiness before buyer access
4
CIM & Market
Launch
Active — In Progress
- Confidential Information Memorandum finalized — Elite’s story, financials, and growth narrative packaged for buyers
- Curated buyer list engaged — teaser distributed, NDAs executed, and CIM released
5
Phase 2
Due Diligence
Active — In Progress
- Full 182-item detailed due diligence package across 11 categories — financials, legal, operations, HR, real estate, and more
- Available only to buyers who have signed the NDA and submitted a Letter of Intent
6
Buyer Process
& Negotiation
Upcoming
- Qualified buyers submit Letters of Intent
- Selected buyer granted full data room access for formal due diligence
- Interview sellers — selected buyer meets with ownership to understand operations, culture, and growth potential
- Definitive Purchase Agreement finalized — price, structure, and terms confirmed
- Legal closing executed — ownership transfers, funds released, and deal completion
8
Transition
Up to 3 Months
- Structured handover period to keep the engine running — operations, staff, and customer relationships maintained seamlessly
- Remove headaches for the new buyer to maximize value and minimize risk through knowledge transfer, vendor introductions, and process documentation
C2
Countdown
--
Days to CIM Launch
March 18 anchor
--
Days to Target Close
July 5 target
Each week of delay in completing outstanding items pushes the closing date by approximately one week.
C3
What’s Blocking — And Who Owns It
| Item | Owner | What It Unlocks |
|---|
| 16 follow-up questions (on portal) | Greg | CIM drafting, ASP resolution, EBITDA finalization |
| 3 Phase 1 Due Diligence questions | Greg / Korey | Bay expansion date, inventory write-down, operational items |
| GRIP / CDA / RDTOH / QSBC confirmations | Crowe MacKay | Tax Simulator finalization, LCGE certainty, share sale advantage quantification |
C4
Deliverable Status Summary
Schedule A Completion: 36 / 42 items
86%
| Deliverable | Status | Notes |
|---|
| Financial Model v8 | Complete | 3 forecast scenarios, verified |
| Tax Simulator v3.2 | Functional | Pending Crowe final confirmation |
| Tax Structure Guide v1 | Complete | Share vs. asset explainer |
| Employee Severance Worksheet v1 | Complete | Exposure scenarios modeled |
| Employee Transition Analysis v1 | Complete | Team data documented |
| DD Readiness Workbook v1 | Complete | 150+ items, gaps identified |
| CIM Framework v4 | Complete | Structure locked |
| Narrative Foundation v2 | Complete | Updates pending per punchlist |
| LCGE Allocation Memo v1 | Sent | Sent to Crowe — awaiting response |
| Buyer Deal Simulator v2.0 | In Progress | Core built. Custom Forecast + branding remaining. |
| CIM (Full Document) | In Progress | Blocked on Greg’s follow-up responses |
| Teaser | Pending | Follows CIM completion |
| Deal Structure Workbook | Phase 3 | Post-LOI tool |
| Kelowna Growth Story | Complete | CIM Section 5.1 — market context |