The new Canadian reality show "Under New Management" premiered on CBC with two episodes yesterday, November 16. The show highlights the basics of buying a small business.
It's great to see a show that highlights the benefits and challenges of buying a business, although they certainly over-simplified the analysis and the purchase process. It would be good to see more details of the financial analysis for each business. All three businesses that were showcased in Episode 1 were retail, but none of the inventory-related issues were addressed. Inventory is one of the biggest hurdles to overcome when purchasing a retail business. There was also no mention of issues related to financing a business acquisition.
You can view an interesting follow up with the business sellers here:
Looking forward to the next episodes!