Purchasing an existing business can often be a very lucrative investment for many people. After all, it saves investors the time and energy of setting up a business from the ground up. Along with purchasing the actual business, the investor gains access to the business’ trading history, stocks, real estate, and current employees. The key to a good investment, therefore, is finding the right business for sale to purchase.
When it comes to purchasing businesses for sale, Kelowna Business Brokers can’t be beat. With numerous years of experience under our collective belts, we understand the challenges of locating the perfect business for sale. This is why our team of talented and dedicated brokers strives to make the process of buying a business a simple and stress-free experience for our clients.
As the hub of the Okanagan Valley, Kelowna is a budding economy that is set to see an influx of business in the coming years. There’s also the fact that Kelowna is one of the more popular tourist destinations in British Columbia thanks to its scenic setting and wealth of viable activities. The opportunities are virtually endless!
Factors to Consider
If you are interested in acquiring an existing business, you need to consider more than just your budget and the asking price of the seller. There are many factors to think about regarding the business you’ve set your eyes on.
Take the time to research the reputation of the business, as well as its trading history. These two factors will help you determine if you can keep the business as it is, or if a rebranding is in order.
Next, take a look at the monthly and annual earnings of the business. Is it earning enough for you? Do you believe there is margin for improvement?
Lastly, you should take a look at any existing contracts, bookings, and agreements the existing business may have. It pays to be prepared. The last thing you want is to be held responsible for a business deal the former owner agreed to.
We’ve Got All You Need and More
Whether you have your heart set on owning a café catering to students or a guest house to take advantage of the city’s tourism industry, Kelowna Business Brokers can help you find the perfect business. Simply talk to a member of our team and we can help you find a business that is not just profitable, but perfectly in sync with what you love.
Did a property on our featured business listing catch your eye? You may send your enquires through the contact form below. You can also set an appointment with a member of our team by calling us at 250-801-2129.