small business
Selling a business is a big undertaking that requires a great deal of thought, preparation, and planning. A successful business sale can take several months to execute. Only 16% of all businesses listed for sale actually sell. Having a plan can increase your chances of having a successful transaction. We have put together a quick…
As 2015 draws to a close, it is a good time to take a look at the consistent trends that I saw while helping people to buy and sell businesses in Calgary this year. While the oil industry and major elections dominated the news, plenty was happening behind the scenes with small to medium sized…
Right now, there are plenty of great business opportunities in Calgary for new and seasoned business owners. Below, we have highlighted a few businesses that are for sale in Calgary and the surrounding area. Interior design business listed at $975,000. This business offers customers a one stop shop for all their interior design needs. This…
Location: Greater Calgary Area Business type: Pet food store Price: $75,000 + inventory Revenue: $750k Years in business: 5+ years Description Franchised pet food store for sale in greater Calgary area. This established store has been in operation for over 5 years. 70% of the business is generated through the sale of quality dog food…
Location: SW Calgary Business type: Retail Price: $42,000 + inventory Revenue: $200k+ Years in business: 3 years Description Conveniently located in SW Calgary, this women’s boutique is close to downtown and situated along a major transit line. The boutique sells affordable and fashionable clothing, accessories, and shoes that appeal to women of all ages. This…
One of the most common challenges we see when evaluating a business is that the rents are too high compared to the volume of business. One case recently was a convenience store that was paying 50% of the gross margin earned to the landlord. Once other expenses were paid, the owner was really only working…
Joint ventures are a common way for individuals to invest in business or real estate. In the simplest form, one will provide the labour and work the opportunity while the other one provides cash and remains silent. Here are 7 steps to follow to ensure success: 1. Solidify the Relationship Review your independent goals. What…
Goodwill is often a confusing term when a business comes up for sale. The value of a business, or selling price, is based on the cashflow that it generates. The business broker will evaluate the company on calculated cashflow after adjustments are made to the reported income statement. The sales price less the total assets…
With landlords charging ever escalating rents that are eating into business owners profits, many business owners are looking for options where they can buy their own premises. Business owners would rather pay themselves rent than somebody else, build equity, and control their own destiny. They will benefit from the value of the fixtures and fittings,…
The one trait the majority of all millionaires have in common is that they owned their own business or had a real estate portfolio. Failure rates are high for new businesses with over half of them out of business within five years. Here are the skill sets that successful business owners say are critical to…