Sean Smith

I write about real estate private equity and building my organic bone broth manufacturing company to $1M profit.

Ex lawyer and city manager.

[Sean Smith @SeanSmithBC]

Last month, I bought Wild Moon Organics, an organic bone broth manufacturing company in BC, 🇨🇦.

I've never owned a business before, and have 0 experience in the CPG industry.

Here's a window into why I bought the company, and where I will take it from here:

[Sean Smith @SeanSmithBC]

https://t.co/idDkFdcNna

[Sean Smith @SeanSmithBC]

@kenseals Congrats Ken!! I look forward to reading it.

[Sean Smith @SeanSmithBC]

@emmett_ Wow, looks amazing and congrats Emmett!

[Sean Smith @SeanSmithBC]

@chuckvtt This is great to know. Thank you Chuck! Much appreciated.

[Sean Smith @SeanSmithBC]

Inquiry for people with dogs or knowledgeable about pet food:

After our bone broth simmers for 42 hours and we package the broth, the byproduct is bones (either beef or chicken), bits of meat, fat, carrots, celery and various herbs and spices.

We could run this through a food processor and turn it into organic dog treats, though I'm trying to get a sense of how hard I would have to work to sell these.

They would likely be frozen.

Is this a product that you would theoretically buy? I see tonnes of natural dog treats online, but very few frozen ones likely because of logistics, so I'm wondering if there are local markets for these.

If you were me, would you just connect with a local pet food brand?

Full disclosure, I have very little knowledge about this market.

[Sean Smith @SeanSmithBC]

@meetnichole This is helpful. Thank you Nichole!!

[Sean Smith @SeanSmithBC]

@avitalforce @meetnichole You two are hired to run the marketing!

[Sean Smith @SeanSmithBC]

@avitalforce The toppers bit is an interesting idea. Thanks for taking the time to share your thoughts!

[Sean Smith @SeanSmithBC]

@EyeforRetail_ A good suggestion! I really should get a commercial dehydrator, even if it's just for product testing.

[Sean Smith @SeanSmithBC]

@avitalforce Great feedback, thank you!!

[Sean Smith @SeanSmithBC]

@GaucherAndrew @BizBuySell Hahaha, I've penciled down your name Andrew. DM incoming, would love to connect to learn about what you are doing in RE as well!

[Sean Smith @SeanSmithBC]

Last month, I bought Wild Moon Organics, an organic bone broth manufacturing company in BC, 🇨🇦.

I've never owned a business before, and have 0 experience in the CPG industry.

Here's a window into why I bought the company, and where I will take it from here:

[Sean Smith @SeanSmithBC]

@adamislucky

[Sean Smith @SeanSmithBC]

Generally, it's when we feel the GPs are overly optimistic about their cap rate and interest rate assumptions in order to show a reasonable return.

In Canada multi-family, we feel pretty good about rent growth, so we are funding deals that pencil with conservative #'s, with the upside coming from rent growth potential.

[Sean Smith @SeanSmithBC]

One big takeaway from an event with our LPs last night.

Investors love to know how many deals are being rejected and why.

It's much easier to raise money for the deal on the table when people know you've passed on the 32 previous opportunities and why this one is different.

[Sean Smith @SeanSmithBC]

@khzny Hahaha, I'm with you my friend! I renew next month.

[Sean Smith @SeanSmithBC]

@adamislucky Haha, fair point! The toe is a different colour and material, so it doesn't shine up quite the same way.

[Sean Smith @SeanSmithBC]

Off to an event with our LP clients.

Is my shoe game on point, or am I trying too hard? I'll take the heat, so lay it on me.

[Sean Smith @SeanSmithBC]

@kryzk1 I don't know exactly where that spot is, but I have a great wife who reminds me when I'm too far off-balance.

[Sean Smith @SeanSmithBC]

@royceard Hahah, never done it, but that sounds fun!!