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.
Rine .Ca's blog
CANADA SMALL BUSINESS FINANCING PROGRAM
WHO IS ELIGIBLE?
Small businesses or start-ups operating for profit in
Canada, with gross annual revenues of $10 million or less.
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.
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.
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