Buying a Business
Canadian small businesses have faced many challenges over the past few years and businesses for sale were no exception. Even those in thriving areas, like quick-service restaurants and online retailers, felt the effects of pressures on small businesses when trying to sell. Specifically, owners learned first-hand that banks were reluctant to provide financing to potential…
Each year, different trends and circumstances influence business for sale transactions. For example, in some years it is supply and demand. It might be new technologies or the overall health of the economy. Since the onset of COVID-19, one trend that has been affecting transactions is fear of investing in a business during uncertain times. …
Buying a franchise is a great way to build a business empire without having to start from scratch. The benefits of franchises include established processes, a tested concept, and name recognition. Despite having the aforementioned things in common, franchises still offer a great deal of variability and not all franchises are a good fit for…
Earnouts are one way to help a business for sale transaction cross the finish line. This method is most commonly used when a buyer and seller are having difficulty settling on a sale price because they don’t see eye on eye on the growth, performance, and value of the business. A well-structured earnout can help…
Ken Wither has been featured in the latest issue of Western Investor. Read more on his article, “If owning a food franchise is a right fit for you.” Click on the image below to enlarge the article. Click here to view on Western Investor
Buying a franchise can be a great business opportunity for new and experienced business owners. Franchises provide the opportunity to own a business that has a proven concept, policies and procedures in place, brand recognition, and ongoing support. This business model can provide owners with the opportunity to grow their business more quickly than if…
Business owners have many different reasons for wanting to buy another business. Some owners want to grow by acquisition. Other business owners want to diversify. Regardless of the reason, all business owners have the same overall goal which is to increase revenue and strengthen the financial health of their business holdings. Buying an additional business…
As the City of Calgary entered 2018, experts said that the local economy was on the rebound but that there would still be tough times ahead. Small business owners were impacted by various factors such as higher property taxes, increased payroll costs, and escalated cost of goods. While the oil and gas industry continued to…
Increasing profit margins, decreasing expenditures, and expanding service offerings are all ways business owners can work towards increasing the value of their business but these methods can have a ceiling on how much they impact the bottom line. Another way to increase the value of a business is to grow by acquisition. In fact, this…
One of the benefits of buying a franchise is that there is typically an earnings history, either for the overall franchise or for individual locations. Earnings history can help prospective Buyers to better plan their own earnings projections during the first few years of business. This information is helpful for things like securing financing and…
Owning a home is a keystone of wealth… both financial affluence and emotional security.