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Questions and help when buying or selling a business or franchise

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5

The Franchise Buyer's Guide

Franchises are big business in Canada. According to Franchise 101, our country has one of the largest franchise industries in the world, second only to the U.S. Those franchises account for 45% of all retail sales nationwide. There are about 76,000 outlets in Canadaabout one for every 450 peopleand one new one opens every two hours. Franchises are, in other words, a massive part of the small business landscape. BuyAndSellABusiness.com has created its first ever Franchise Buyers Guide, a comprehensive look at what separates the most successful franchises from the rest. Download a free copy here, no email needed: https://mailchi.mp/buyandsellabusiness/franchise-buyer-guide

Dec 03, 2020 18:51

posted by BASAB Support

1 Response

3

My Best Advice When Selling Your Business

Along with being a business broker I am also a licensed commercial appraiser and licensed mortgage broker and real estate broker. Every business should be structured to sell from conception. Tax laws are always changing but at the end of the day it's not what you make but what you keep that counts. Your business should be structured to take advantage of the capital gains exemption for selling shares in a Canadian company. Banks/lenders will not finance good will. So own your building or location. The income from your business will substantiate the value of your building from an income approach and give the banks something to secure to help a buyer finance the purchase of your business. The terms make the deal by that I mean a sale can be structured to minimize both the buyers and sellers costs while taking away from the tax man and the lenders finance charges. All done legally of course. Both buyer and seller can benefit from the knowledge an experienced business broker can bring to the table. All the best for 2021 Stay Safe Larry

Dec 03, 2020 10:34

posted by Larry Matthews

1 Response

3

Email Change Notification

Its been a blast BizON but we need to say bye. BizON will now be doing business as Buy and Sell a Business. For those wondering why, let me explain: 1) bizon is associated with a Russian gun 2) bizon is associated with a dog fighting cult. This obviously doesnt align with our values. Moreover, being named BizON actually weakened our organic search ranking. Our stakeholders deserve better, so we made a bold move. Changing our name after 6 years is a big step, but its a necessary step that shows our commitment to evolve and grow into an organization that adds value to the world by empowering people to love what they do. Also, by the end of the week we will have new corporate email addresses ending with @buyandsellabusiness.com. Please use all new email addresses starting the week of 8/24/2020. As backup we changed the email settings of our old account and all the emails starting the week of 8/24/2020 will be forwarded to our new email addresses, but you will receive replies from our new email addresses, including all automated emails within our marketplace. Moreover, please ensure to whitelist all email addresses associated with @buyandsellabusiness.com to avoid missing out on important communication. We've created step-by-step instructions on how to do this: https://buyandsellabusiness.com/how-to-whitelist-emails Looking forward to answering any questions in the comment area, and looking forward to working together as we continue to strengthen our economy and rebound from such a challenging time. Best Regards, Nunzio Presta, CEO at Buy and Sell a Business

Aug 17, 2020 17:45

posted by Nunzio Presta

0 Responses

3

Making back to work less awkward

As organizations start bringing back employees into the physical workplace they will need to understand that everyone's comfort level will be a little different. Some employees won't want to discuss why they feel a certain way about COVID, so these bands serve as a great visual indicator of how an employee wants to interact with others. Learn more about how these cute indicator bands can be a great corporate gift idea to welcome employees back to work. Here's her link: https://notawk.com

Jul 10, 2020 09:25

posted by Nunzio Presta

0 Responses

3

Top 25 Business Brokers in Canada

Hi all, For the past 6 years we've had the pleasure of working with hundreds of business brokers, all of whom have been doing great work by keeping small businesses and franchises open and thriving. There is no doubt that their work has strengthened the backbone of our economy. Our goal is to create a powerful list to showcase and provide kudos to the best of the best. This list will be distributed across our network with some great creative campaigns to increase exposure for those who made the list. If you are interested in being considered for our Top 25 Business Brokers in Canada list, please apply here: https://forms.gle/mhyFmBX8uuSjFgSdA Comment with any questions. Kind regards, Nunzio, CEO BizON Marketplace

Jun 25, 2020 09:18

posted by Nunzio Presta

0 Responses

7

BizON COVID 19 Business Continuity

Dear BizON Customer, We are truly living in unique, turbulent and uncertain times. The COVID-19 pandemic is impacting everyone around us - our families, our businesses and especially our first responders who are bravely on the front lines battling this virus. As the situation continues to change and affect our world, we wanted to reach out and update you on how were supporting our employees, our community and youour customers and partners. Read more here: https://drive.google.com/file/d/1IdSAHs_081FD010qdyE7tTQtZk1K7Vhd/view

Mar 18, 2020 15:21

posted by BASAB Support

0 Responses

7

How Will You Manage This Coronavirus Crisis?

We came across this and thought all business owners, franchise owners and entrepreneurs should read it! As you are all well aware, the #coronavirus is causing fear, disruption, and illness globally. Some people still seem to believe that it's not a big deal. Others think it's being overhyped by the media to bring down Donald Trump. Here's what we think...read more here: https://www.facebook.com/groups/nunziopresta/permalink/4084037204947191/

Mar 12, 2020 12:19

posted by BASAB Support

0 Responses

2

Join us at the Canadian SME Business Expo

The CanadianSME Business Expo is fast approaching and we could not be more excited about the opportunities this represents for Canadas small and medium sized business industry. With more than 3,000 business leaders including some of Canadas most high-profile business executives, SMEs all gathered under one roof, this is an event you dont want to miss out on. Plus come hear Nunzio Presta speak at the CEO Roundtable. Register now https://www.smbexpo.ca/

Dec 20, 2019 07:49

posted by BASAB Support

0 Responses

3

A Look Back at 2019's Business For Sale Marketing

From the little mom and pop convenience stores to larger manufacturers exporting goods around the world, small businesses are the backbone of our communities. Small businesses and entrepreneurs inspire us daily, acting as the heartbeat of the economy and the creative engine for our future. So, as 2019 draws to a close, were looking back at what weve learned from our sellers, reviewing marketing trends and looking ahead to next year. We'll explore: - The ever-changing business for sale landscape - Ways to get in front of engaged and qualified buyers in the digital world. - The trends for selling and how you can leverage the digital environment to save you time and money while seeking a buyer. - Insights and tips that will help you position your business for sale so that you can make 2020 the year you exit and start your new chapter. Free download here: https://mailchi.mp/mybizon/look-ahead-2020-trends

Nov 29, 2019 15:11

posted by BASAB Support

0 Responses

2

Better Hires Equals Sellable Franchise

Are you a Franchise Owner thinking about the long term vision of your franchise? Are you thinking about selling your franchise one day? Did you know that your staff can play a vital role on your exit plan? Come join Alexander & Stephanie Florio, Co-Founders of the award winning recruitment platform Swob Inc. and Nunzio Presta, Founder & CEO of BizON, an online marketplace with over 10,000 active users looking to buy, sell and grow businesses or franchises every day, for this online conversation and find out how better hires equal a more sellable franchise. Come join us for the conversation! Register for free here: https://www.eventbrite.ca/e/better-hires-equals-sellable-franchise-online-webinar-tickets-79818684835?aff=ebdssbdestsearch

Nov 06, 2019 13:23

posted by BASAB Support

0 Responses

2

Recipe Franchise Open House

We've partnered with Recipe Franchising! Welcome to the 4th Annual Recipe Franchising Open House being held on Saturday, November 2nd, 2019. If you have ever thought about Franchising in the Restaurant Industry, this is a day you dont want to miss. The goal for the day is to give you behind the scenes access to Canadas largest full service restaurant company. By joining us, you will have the chance to meet the Franchising Team, learn from industry professionals and so much more. This event offers: - Access to exclusive Franchise opportunities across Canada. - The opportunity to hear from and speak with our current Franchisee Partners. - Meet our Real Estate Team and learn how we source great locations. - Sample the latest and greatest menu items from a variety of brands. - Quench your thirst with a demonstration of our national beverage program. - Explore the marketplace and speak with our nationally approved vendors. - NEW FOR 2019: While attending the Open House, you will have a chance to book a meeting with a member of our Franchising Team at a later date and receive a RECIPE Gift Card valued at $50.00. Schedule of Events: 10:30 am 12:00 pm: Explore our marketplace and sample our menus 12:00 pm 12:30 pm: Opening remarks by key Recipe Executives 12:30 pm 2:00 pm: Interactive Seminars and Panels 2:00 pm 4:00 pm: Explore the marketplace and chat with Franchising, Real Estate, Design and Construction Teams and our National Vendors. Click here to RSVP today: https://www.recipefranchising.com/open-house-2019 or EMAIL: rsvp@recipeunlimited.com or CALL: (905) 760-2244 ext.2255 Looking forward to seeing you there! - The BizON Team

Oct 22, 2019 07:09

posted by BASAB Support

0 Responses

2

Business and Franchise Buyers You Have Been Invited

Calling all business/franchise buyers!! First and foremost, thank you for being a BizON user. BizON would like to invite you to participate in a focus group. Date: Tuesday, November 5, 2019 Time: 7pm 8pm Place: Calendar invitation with address will be sent to those who are selected to participate (it will be in Vaughan, Ontario, Canada). Registration is first come, first serve as we have a cap of 10 participants. For all those that attend we will be providing refreshments and food. Also, you will have a 1 in 10 chance of winning a $100 prepaid Visa. The purpose of the focus group is to get a better understanding of why you want to buy a business and your journey thus far. We want to know your story. At BizON we believe in the power of being a business owner and entrepreneur, this is why we spearhead hundreds of local, national and global conversations around entrepreneurship through acquisition. Moreover, this focus group will help us identify and refine our marketing messages and materials so we can attract more qualified, captive and engaged buyers like you. The information obtained during these focus groups will remain confidential. As mentioned, all participants information will be used to help design BizON marketing messages, materials, activities and events. The focus groups may be recorded however, these recordings will be transcribed removing any identifiers, so that none of the participants are identifiable. The original recordings will be destroyed after this is done. You are welcomed and encouraged to ask the host how your personal information is protected. If you have any questions regarding the focus group please email BizON here: support@mybizon.com or if you would like to participant, please register here: https://forms.gle/Z3yuhnS3kG5ing6a6 The information that is obtained from this focus group provides valuable information that will lead us to understand our buyers and their journey to business ownership. We appreciate your time and consideration. - The BizON Team

Oct 17, 2019 13:06

posted by BASAB Support

0 Responses

3

Just wanted to say hi

Hi all, Just wanted to say hello :) and thank you SO much for using BizON. I've said this before, but its super important to step back and reflect on the meaning of what we're doing, and how humbled and honoured we are to be part of your journey. We may not be sending people to space, but at BizON we are helping people wake up every day, loving what they do whether it's retiring after the sale of a business, or because they just bought a business that suits their lifestyle. We genuinely believe in the power of being an entrepreneur and business owner, and this is extremely important to us. With that said, if you are considering the sale of your business please check out this recent blog: http://blog.mybizon.com/10-must-do-things-before-putting-your-business-up-for-sale/ Wishing you all the best. Nunzio

Sep 25, 2019 09:06

posted by Nunzio Presta

0 Responses

5

Transition planning considerations for franchise owners

Read our latest blog entry from Scotia Wealth Management. Just like other successful business owners, franchise owners need to plan for the eventual transition of their franchise business. As with business owners, advance planning for this helps to maximize the transition value of the business, minimize future taxes, and secure preparation for both expected options and unexpected events such as the sudden disability or death of a franchisee. Read more here: https://bit.ly/2Lt3CYw - The BizON Team

Dec 19, 2018 07:58

posted by BASAB Support

0 Responses

3

60 Day Free Trial Noticed

We just noticed that our Premium Franchisor Solution will come with a free 60-day trial so you can rev the engine and see how it performs. Once again, this solution is ideal for master franchises & franchisors looking to find franchisees for new or resale opportunities. BizON is where franchisees search for the right opportunity, so get started by clicking the 'Sell' tab on your dashboard. Best of luck, The BizON Team

Oct 27, 2018 07:34

posted by BASAB Support

0 Responses

4

RECIPE FRANCHISING OPEN HOUSE

RECIPE (previously known as CARA) is having an open house and we encourage all our users to go check it out! They represent some of the biggest franchise brands in the world! The Open House is on Saturday, November 3rd from 10:30 AM - 4 PM. Location: 199 Four Valley Drive, Vaughan, Ontario. L4K 0B8 Please RSVP with: Laura Galle 905-760-2244 EXT 2255 E: franchising@recipeunlimited.com See you then!

Oct 03, 2018 15:12

posted by BASAB Support

0 Responses

6

Updates to BizON's T&C, Privacy Policy and....

Whenever we update our Terms & Conditions, Privacy Policy or Security and Reliability Safeguard, we're committed to ensuring you are notified. Check them out here: Terms and conditions: https://mybizon.com/files/bizon_terms-conditions.pdf Privacy Policy: https://mybizon.com/files/bizon_privacy-policy.pdf Security and Reliability Safeguards: https://mybizon.com/files/bizon_security-reliability.pdf We understand that these documents are essential to building a lasting relationship with you, and we're committed to doing the right thing and ensuring full transparency on how BizON operates and what we do with the information you've entrusted to us.

Jul 17, 2018 10:05

posted by BASAB Support

0 Responses

5

Updating the status of your listing

Just received great feedback from a BizON seller: there is a huge problem with Bizon: you can't delete your listing! To confirm, you can absolutely close your listing. To do so: 1) Click Analyze & Manage on your dashboard 2) Click the active listing you want to close 3) Click Status 4) Update your listing accordingly You also receive these instructions when your listing expires. We value feedback like this as it makes our marketplace better. Setting the status of your listing not only helps our sellers stay organized, but it allows us to improve our marketplace so we can make better connections. Thank you Berta.

May 29, 2018 10:02

posted by BASAB Support

0 Responses

3

CASTING CALL FOR BUSINESS BUYERS...

BizON is proud to be working in conjunction with 'Under New Management' a documentary series for CBC about people buying and taking over small businesses. Airing in the fall of 2018 alongside Dragon's Den, 'Under New Management' is hosted by Arlene Dickinson, a highly respected Canadian entrepreneurial icon that can offer guidance and tangible advice to show Canadians that anyone can be their own boss, follow their passion and build financial freedom. Do you know someone who is ready to be their own boss? CBC TV show Under New Management is looking for aspiring entrepreneurs who are ready to buy a small business. Participants will receive coaching from Arlene Dickinson. Click here to learn more and apply: http://info.mybizon.com/under-new-management

Apr 23, 2018 16:14

posted by Nunzio Presta

0 Responses

4

Did you buy a business or franchise on BizON?

We launched BizON Finds ( https://www.instagram.com/bizonfinds ) It is an Instagram account specifically focused on promoting businesses and franchises that were purchased on BizON. Our goal is to highlight the great local businesses and franchises in order to increase discoverability and drive more business to them. Our plan is to collect enough content before posting, so please follow us and let us know of any businesses or franchises that were purchased on our marketplace.

Jan 08, 2018 16:45

posted by BASAB Support

0 Responses

6

BizCHATS LAUNCHING NOVEMBER 22ND AT 12PM ET

This exciting digital program takes place on Instagram Stories (LIVE) every Wednesday at 12 pm ET and is hosted by BizONs Founder & CEO, Nunzio Presta. BizCHATS will host expert guest that will provide business advice, guidance & best practices on various business & franchise topics. The goal is to engage in meaningful and insightful conversations with expert guests and YOU! To learn more about how you can engage with BizCHATS, click here: http://info.mybizon.com/bizchats - The BizON Team

Nov 01, 2017 09:21

posted by BASAB Support

0 Responses

5

Upcoming Events

We are very excited to announce that we are a national sponsor for the Business Transition Forum ("BTF") again! BTF helps entrepreneurs learn how to successfully EXIT or SELL any business. Hear real-life experiences from other entrepreneurs that have exited and start unlocking the secrets of successful transitions! They have 2 awesome events coming up in Calgary, Canada & Vancouver, Canada: Register for the Calgary event here: http://bit.ly/2ydue8b Register for the Vancouver event here: http://bit.ly/2yqdSds

Sep 20, 2017 12:50

posted by BASAB Support

0 Responses

1

Reselling the business just bought!

Dear all, There is a case that a buyer just bought a tailor company, he paid a 50% of the total price, will pay the rest on the handover day. At this moment, the business still run by the owner, but the buyer who decide not going to the business because he is kinda busy, and he will not pay the rest of 50% to the owner. So, he is asking us to find a new buyer to take over the business and he hope he can get the money back from the reselling! At the point, there is a new buyer who feel interest of the business, but the owner don't know anything about it still, I am kind of not sure how to arrange... So, does anyone can give me suggestion how to resell the business and any pitfall I must aware for this circumstance? Many thanks! Ben

Aug 26, 2017 00:41

posted by Benng

0 Responses

6

Be a Revenue Receivable Representative

Anshan Iron & Steel Group Co., Ltd is located in Anshan City, Liaoning Province, China. In promoting international trade and as we expand our businesses coupled with the high demand of our products in in the United States and Canada, a need arise by establishing a representative offices and sales centers in North America. Until such centers are established, we need a credible person or a company (irrespective of the business type) to stand as our Revenue Receivable Representative. The primary responsibility is to receive revenues from our customers on our behalf. Benefits are attractive and since it's more of a part time responsibilities as transaction communications shall be mostly conducted online hence, it will not affect your current job. If interested, contact us via: info@ansteelgroupltd.com Hu Shunliang

May 16, 2017 17:22

posted by ansteel

1 Response

3

Be a Revenue Receivable Representative to Anshan Iron & Stee

Anshan Iron & Steel Group Co., Ltd is located in Anshan City, Liaoning Province, China. In promoting international trade and as we expand our businesses coupled with the high demand of our products in in the United States and Canada, a need arise by establishing a representative offices and sales centers in North America. Until such centers are established, we need a credible person or a company (irrespective of the business type) to stand as our Revenue Receivable Representative. The primary responsibility is to receive revenues from our customers on our behalf. Benefits are attractive and since it's more of a part time responsibilities as transaction communications shall be mostly conducted online hence, it will not affect your current job. If interested, contact us via: info@ansteelgroupltd.com Hu Shunliang

May 16, 2017 10:43

posted by ansteel

0 Responses

7

i m having a list of franchises , their I D .number and value

i m having a list of franchises collected from BIZON .COM The rate starts from 1000/- $ cad to 3,00,000/- $ cad . first of all the rates given in the list are they genuine . 2nd : i need break up what would be the actual rate of the franchise like franchise rate is 10,000/- $ cad so it will include what ? like : tax , franchise fees , lawyer fees ,products from the seller ,for example , suppose if i m buying grocery store franchise , what are the things it will include , or suppose , cleaning or pest service . i'll have to buy chemicals and rent a place . last email you have mentioned 1] E 2 visa 2] financing option to purchase franchise 3] English language. I want you to help me and guide me to get E 2 visa , i have explained above regarding finance options . and my English is O K . i m not interested in america but i would prefer canada . there is religious discrimination in America i m a sikh and its ridiculous that some American don't know the difference between a sikh and muslim . Mr. steve in the last email you have mentioned that you can connect me to a immigration advicers and it is not free , how much do these advicers charge . Most important note : I'm not going to pay anythng online . WAITING TO HEAR FROM YOU THANK YOU PARAMJEET SINGH

Apr 20, 2017 04:10

posted by paramjeet

1 Response

12

Wall Street Deals Get Done Faster Than Small Business M&A

A great question was asked by John Hyde on WhatTheyThink? And I think my answer is something that every entrepreneur and business owner should see. He asked: How is it possible that corporate giants AT&T and Time Warner reach an agreement on the terms of a merger in only two months while many small business owners languish over deals for six months, nine months, or even years? My answer is simple: Corporate giants are more organized, prepared and they engage in effective communication to avoid wasting time. SMEs, entrepreneurs and business brokers should take note in order to move deals quicker! Best of luck selling, NP

Jan 12, 2017 21:15

posted by Nunzio Presta

9 Responses

13

Help for my distressed business

In USA, New Jersey. Me: stupidly thought I could remove 900K from my thriving business to build my dream home without damaging the business. Fast forward to today and I stand to lose both without an investment. Could use a private equity loan or willing to take on partner. There is a lot of debt but with proper level of investment (not as much as you think) turnaround would occur within 9 months or so. 2015 sales: 6 million with a staff of 4 (inclusive of me, not drawing a salary) - we are a wholesale distributor of tools, test equipment, safety and MRO supplies. Two e-commerce websites, ebay store, amazon store and we sell several products directly to Amazon. Company is a proprietorship which expedites the need for a solution. Would like to incorporate after we are fixed.

Jan 03, 2017 12:57

posted by HVACRTOOLS

8 Responses

8

To Grow My Appliance Repair Business Like Sears Home Services?

Hi, I am Anjali from new Delhi, India. I Started Home appliance repair services business in this year, Now I want to create franchisee in other major cities of India. I also has been prepared my self with mob application and web portal to create a system to distribute the leads among our franchisee or associated service partner. But I am confused about the documentation/contract agreements for this network. I need your help to suggest me to grow my business with franchisee network in other cities. Actually i want to create it like sears home services work in that countries. I will be very great-full to you if you can give me advice to handle this network like what will be better to take services from franchisee distributors or other way. How can i reach to right person to allot our franchisee...

Aug 10, 2016 11:14

posted by DelhiRepairs

1 Response

12

How to Sell an Online Business For A Lot of Money

There has always been something exciting to me about building up a business and selling it to a new owner. It gives me a sense of accomplishment. Its not the end all be all, and its not always my goal, but I do find it exciting. Between myself and many friends and business partners, Ive been involved in many businesses that were sold, some of which for quite substantial sums. I get questions all the time from entrepreneurs who want to know how to build a business that they can sell in the future. Ive learned a few things that have helped me along the way. Im going to show you in this post exactly how to sell an online business for maximum dollar. Read more here: http://bit.ly/1S0vQoF

Apr 16, 2016 07:46

posted by Nunzio Presta

0 Responses

17

BizCHATTER RULES AND GUIDELINES

BizCHATTER is dedicated to gathering trending business and franchise questions, insights, and information by BizON members. Simply ask questions or provide answers! Also, upvote or downvote posts so we can highlight the most insightful and valuable posts. Notice: Administrators/Moderators reserve the right to change/edit/delete any content at any time if they feel it is inappropriate. I. General BizCHATTER Rules: Do not: - Flame or insult other members. - Bypass the swear filter or other filters. - Abuse or encourage abuse of the Reputation, Post Reporting, or Private Messaging Systems - Post personally identifiable information (i.e. name, address, email, phone number, etc.) - Post links to phishing sites. - Post spam or Re-post Closed, Modified, Deleted Content. II. The following topics are strictly off limits, including in external links: - Porn, gross stuff, or anything else not safe for work. - Piracy, Leaked content. - *Any* discussion of piracy will result in a permanent ban from BizCHATTER. - Threats of violence or harassment, even as a joke. - Posting copyrighted material. - Soliciting, begging, auctioning, selling, advertising, referrals. - Racism, discrimination. - Drugs, alcohol. - Religious, political, and other prone to huge arguments threads. If you have any questions please do not hesitate to contact us here: https://mybizon.com/contact/ - The BizON Team

Apr 09, 2016 01:00

posted by Nunzio Presta

3 Responses