Being an entrepreneur is not easy no matter what service you're providing but the process of creating your very own business is truly something special. I grew up in the restaurant industry with my family having several restaurants and I followed suit with one of my own in Vancouver. I understand what it takes to build a business and most importantly what it takes to buy and sell a business.
When it comes time to buy or sell a business the process needs careful consideration and planning. Understanding the businesses financials, lease obligations, and potential market value is an integral part of the process.
Buying a Business:
Whether you're expanding into new locations or just starting out finding the right opportunity can be difficult. Setting you up for success requires expert negotiation, planning and industry knowledge. There are two steps to buying a business and the Lease component is as vital as the assets or shares you purchase.
Selling a Business:
Understanding your lease obligations is absolutely critical to the sale of your business. All to often business owners do not leave enough time to handle the sale of their business. Business sales are uniquely different from any other asset class and are often complex transactions involving assets, shares, goodwill, and intellectual property. Understanding how everything goes together and their implications can streamline the process and give you the best opportunity to have a successful transaction.