Rine  .Ca

Rine .Ca

Sales Representative

RE/MAX Realty Specialists Inc., Brokerage *

Mobile:
226-200-0042
Email Me
Rine  .Ca

Rine .Ca

Sales Representative

RE/MAX Realty Specialists Inc., Brokerage *

Mobile:
226-200-0042
Email Me

Rine .Ca's blog

Point to Remember when buying an Existing Business

Growing your business internally can be a sluggish and high-risk strategy in a fast-moving business world. That's why many entrepreneurs choose instead to acquire an existing firm.

CANADA SMALL BUSINESS FINANCING PROGRAM

CANADA SMALL BUSINESS FINANCING PROGRAM

Intro Video:
http://multimedia.ic.gc.ca/csbfp/CSBFP_Eligibility_ENG.webm

WHO IS ELIGIBLE?
Small businesses or start-ups operating for profit in
Canada, with gross annual revenues of $10 million or less.

The pros and cons of buying a business

When is it a good idea to buy a business? Would it be a better idea to expand your existing company or launch a start-up?

Given the stakes, it’s important to thoroughly weigh your business goals, risk tolerance and market opportunities before making an acquisition. Here are pros and cons of buying a business.

Pros

Business Flipping

It is buying a business in bad shape which is needed to be fixed.Changing the presentation of business space, Increase the sale ,eventually the profit and take it to auto-pilot mode(turnkey).
Do a proper recordkeeping and sell the business at higher price to a person/investor who want a profitable business on auto-pilot mode.

There is huge opportunity in GTA for this as most of the small businesses are in bad shape,Owner Not putting enough time/attention or dont know how to run business efficiently.

Advantages in Dealing with Businesses Instead of Real Estate for flipping Purpose

1.    Very little competition: You are not competing with every Tom, Dick and Harry who watches a late night TV Infomercial guaranteeing instant overnight success in real estate.

2.    Seller Financing(VTB): Easily possible in Business Deal.

3.    Immediate Cash Flow: If you pick the right deal you get cash flow the very next day.

4.    Fast Turn Around: Most businesses that are currently operating at a loss can be made profitable within in 60 to 90 days

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