Business broker profile: John-Erik Grain
Posted on September 25, 2017
We want you to get to know us, as we get to know you.
Our professional business brokers help Business Finders Canada stand out from the crowd.
To highlight our team, we’re featuring each of our brokers in a Q&A.
Meet John-Erik Grain:
How would you describe what you do?
As a business broker, I guide buyers and sellers through the entire business transaction process. We co-ordinate everything from the business preparation phase, determining accurate business value, sourcing suitable buyers, negotiating terms and conditions, liaising with lawyers, accountants, landlords, and other consultants, ensuring deals close on time – all while maintaining the highest level of confidentiality.
Educating buyers and sellers is of utmost importance through the process so we are all on the same page and everyone knows what to expect each step of the way.
What’s been your favourite experience in the industry?
The buzz-feeling I get after a transaction closes is my favourite experience.
I know that all the work and after-hours time that we put into the deal is now allowing and inspiring the sellers to move on with the next chapter of their lives. It may include gassing up ‘the Winnie’ for trip down south or starting up another venture. Either way, we have helped people better their lives.
Who inspires you?
My grandmother. She has been to hell and back and she is still full of life and laughter at 96 years old. She and her family were chased out of Norway during the war, losing family members along the way. She ended up on Salt Spring Island with nothing, and she will still put a smile on your face with her contagious laugh, candid advice, and crushing hugs.
What’s a defining moment in your life?
Mangling my knee in an accident when I was young changed the course of my life and set me on a path of determination to overcome the odds. I still follow this path.
What’s an important piece of advice you give to business owners?
Be prepared for compromise during sale negotiations. There are several ways to sell a business. The buyer and the seller must work together so they each maximize the benefit and value.
Do you have a favourite quote?
“Do or do not, there is no try.” ~ Yoda
Is there a current listing you’d like to highlight?
I meet a lot of people who want to come to the Okanagan for the lifestyle. A perfect business for a budding entrepreneur in the Okanagan is a well-established cellphone retailer. It has a great reputation, located in a perfect location and seller financing is available. This is a perfect chance to become your own boss in one of the country’s most livable cities!
What’s the best way for people to connect with you?
Meeting up for a coffee and a chat after a phone call – 778-581-3456.