Most buyers wrongfully believe that relationships don’t count in business purchase and sale transactions. They think that getting the best possible price and terms is the most important. I personally experienced instances when misunderstandings and lack of communication were responsible for long delays and additional costs to transactions or even the cause of promising...
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Some New Business for Sale Listings
We have added some new listings to our website. If you are in the market for buying a small or middle market business in the Greater Toronto Area, then please check them out: Textiles Garment Manufacturing: This business manufactures high quality sport garment for top brands and distributors in North America. Profitable with large...
What to do after selling your business?
A few years ago, I was attending a conference titled "Exit Strategy for Entrepreneurs" in which a successful Canadian entrepreneur was describing how he sold his business for top dollars. I was expecting the speaker to be full of joy and exhilaration after becoming a multimillionaire in just a few years. However, I was...
Why Sell a Business?
Business owners consider selling their businesses for many possible reasons:
- Boredom or need for change: This is the most frequent reason (statistically). After starting their businesses from scratch and spending countless hours exploring their ideas and implementing them, business owners simply lose interest in their companies. While this seems hard to believe, most entrepreneurs are...
How to Qualify Business Buyers?
One of the main things that deter business owners from selling their businesses themselves is the difficult process of qualifying potential business buyers. Statistics of business sales in North America have shown that only 10% of people actively looking to buy a business end up actually buying a business. This means that 90% of...