business broker
Owners have come up against a new obstacle when selling their business, causing deals to be delayed or fall apart. Today, more than ever, buyers and lenders are looking for detailed accounting records before buying a business. A general summary of assets, liabilities, profits, and losses was sufficient in the past. Typically, sellers would provide…
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…
One of the first things I always tell business owners who are getting ready to sell is that the process typically takes more than 6 months. What I never had to talk about before March 2020 was the impact a global pandemic will have when selling a business. Background In summer 2019, I began working…
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…
Some say that you only get one chance to make a good first impression. In business, you get one chance to make a great exit. Your business exit strategy is an important aspect of business ownership. If your business experiences a summer slowdown, now is the perfect time to start putting together an exit strategy. …
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…
Business owners are extremely business savvy but that doesn’t mean they should try to sell their own business. Many assume they are the best person to market their business because they know it inside out. This couldn’t be further from the truth. In order to sell a business successfully, business owners should assemble a qualified…
There are countless resources available that help small business owners start and grow their business. There are a few resources that give some tips and advice on how owners can sell their business but these are scarce and not usually comprehensive. In fact, it is that lack of resources that prompted me down the path…
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…
Owning a home is a keystone of wealth… both financial affluence and emotional security.