Team RINE's blog

Buying a business is an exciting process filled with important, timely decisions and comprehensive evaluations of your options. Our expert team has helped many people move through our step-by-step buying process with ease. We know the market, the third-party professionals, and all of the steps you need to get the right business for you.

At Rine.ca, we pride ourselves on our integrity and honest approach to business. As your partner, we promise to keep it simple.

Here is what we promise to avoid during the business-buying process:

We get a lot of questions from our clients about buying a business, the process, the terminology, and much more. We thought we’d shed some light on these questions with answers to some of our most frequently asked questions.

If you’re like most home buyers, you’ll need a mortgage to finance the purchase of a new house. To qualify, you must have a good credit score and cash for a down payment. Without these, the traditional route to homeownership may not be an option.

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

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.

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

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