FabricareCanada MAY/JUNE 2016 – VOLUME 60, NO. 3
Features 10 22 14
Cover Story: Passing the Torch How do you hand off your business in a way that continues its success? These personal stories show you how. By Becca Anderson
Success through the Generations North Park Cleaners in Woodbridge, Ont. has grown from one generation to the next by careful planning and personal enthusiasm.
By Samantha Tkachuk 18
Buying and Selling a Business: What about the equipment?
Don’t forget your responsibilities with respect to equipment when you consider buying or selling. Here’s what to think about. By Kevin Marois
19 OOPS!
Passing the Torch – a.k.a. Cashing in your Chips
Financial considerations to maximize the value and minimize the tax bite in selling or passing on a business. By Martin Saxton
20 Jail Time and Hefty Fines
Dry cleaners have been hit hard by the Environmental Enforcement Act. Here’s the latest on case law and fine schemes.
By Jacquelyn Stevens
In our last issue we misidentified some people who were being saluted by their boss, Candice Mills, at Dry Cleaning By Dave in Calgary, Alta.) They are Dan Devicq, ‘CSR super- star,’ and presser Linda Hillstrom. Our apologies!
Departments
04 AS I SEE IT 06 INDUSTRY NEWS 09 PEOPLE 16 COMING EVENTS 21 PRODUCT NEWS 22 MARKETPLACE
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ON OUR COVER
Josée and Luc Bédard are passing their company, Les Ateliers Bédard, down to daughter Marie-Ève, who is also our 2017 Scholarship winner to DLI courses.
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