The Problem:

Katie Küntz had been a loyal customer of Watson & Lou and understood the important role the business played in Peterborough’s downtown community. When the opportunity became available to purchase the business from the previous owner, Katie recognized the potential to preserve a beloved local retailer but needed financing support to complete the purchase. Traditional lending options did not provide the flexibility needed for a small business purchase and ownership transition.

The Solution:

Katie met with Community Futures Peterborough to explore lending options required for the business purchase. Working alongside the loan manager, she developed a detailed cash flow forecast, budget, and three-year sales projection to support a realistic transition plan and ensure the long-term sustainability of the business. Through a flexible loan designed around the needs of the new ownership structure, Katie secured the financing required to purchase Watson & Lou and carry the business forward.

Implementation & Results:

Since Katie assumed ownership, Watson & Lou has continued to thrive as a vibrant downtown Peterborough destination for creativity, connection, and local shopping. The store remains a favourite among families, artists, and community members looking for unique craft supplies, artisan products, and creative experiences. By supporting this business transition, Community Futures Peterborough helped preserve an established local business and maintain its presence in the downtown core.

Testimonial:

“The business I purchased is a beloved Peterborough staple, and without the assistance from Community Futures Peterborough, it’s unlikely the business would have been able to continue operating. Their support has been invaluable in helping me transition the business and carry it forward.”

Conclusion:

Watson & Lou is a strong example of the impact of flexible, community-based lending in supporting successful business transitions. By providing financing tailored to Katie’s needs, Community Futures Peterborough helped preserve a valued local business, support entrepreneurship, and keep a unique community business thriving.

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