|
|
Like this article? PLEASE +1 it! |
|
Tips on Buying a Business in Canada
Written by: Shaun WilsonArticle Overview: Considerations when looking at a business to buy in Canada
![]() |
Free Download - Tips on Buying a Business in Canada By Shaun Wilson |
Tips on Buying a Business in Canada
Once you have identified a business of interest, contact the owner and ask to speak to him/her. Ask the owner why the business is being sold and how long it has been in business.
Obtain the financial records from the past three years which will include balance sheets, profit and loss statements, and cash flow reports.
Take financial statements to a accountant to have the information analyzed.
Ask the owner where the company is positioned in relation to its competitors. Find out whether any larger competitors are entering the market.
Contact related governing bodies to ascertain whether any significant changes are planned for the industry that could impair the business in one way or another.
If possible, spend some time at the place of business and monitor is customer traffic flow and phone call rate.
Check out the website business2sell.ca for a listing of business for sale.
Written by: Shaun Wilson, Business2sell.ca
Article Tags:
|
About the Author: Shaun Wilson RSS for Shaun's articles - Visit Shaun's website Click here to visit Shaun's website Tips on Buying a Business in Canada |
Related Forum Posts
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Mistakes Made by New or Inexperienced Sales Staff
Why Use an Advertising Agency
Are You Remarkable Enough?
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.



