Winnipeg and Canada Plow

Bryce Brousseau and Peyman Assadi, from Saint Germain, Manitoba, asked for $70,000 for 12.5% of Winnipeg and Canada Plow, a company offering automated snow-clearing service using a proprietary machine with an inverted snow thrower, a back blade for ice, and an anti-ice spraying system that can clear a driveway in as little as 15 seconds. Seasonal packages start at $349, the company incorporated in 2014, did $200,000 in sales in its first season with two machines, $550,000 last winter with four machines at about a 40% margin (just over $200,000 profit), and expects $1.8 million in revenue this year while expanding to eight machines in Winnipeg plus new machines in Regina and Saskatoon; the company carries about $900,000 in bank debt through BDC.

Joe Mimran and Jim Treliving each offered the full ask of $70,000 for 12.5%. Manjit Minhas offered $150,000 for 20%, saying the founders needed more capital to move quickly. Michele Romanow went out, saying the business was not for her. Michael Wekerle offered $200,000 for 25% based on an $800,000 valuation. After stepping out to confer, the founders accepted Manjit Minhas's offer of $150,000 for 20%.

Winnipeg and Canada Plow is still operating and sells through its website.