Canada business for sale broker, franchise, business opportunity, Montreal HOW CAN I GET THE NAMES AND ADDRESSES OF THE BUSINESS POSTED ON THE WEBSITE? In order to receive the names or addresses you must: 1.Make an appointment at one of our offices. 2.Register and become a client of Active 3.Sign a confidentiality agreement or application of business form. HOW MANY BUSINESS OPPORTUNITIES DOES ACTIVE BUSINESS REPRESENT? At any given time Active Business receives between 3 and 10 new businesses for sale per week. Our number of listings ranges from 200-300 at any given time. Clients check the database on a weekly basis in order to review the new and modified business listings. HOW MUCH TIME DOES IT TAKE TO SELL A BUSINESS? Active Business sells a business within one day of listing to as long as five years from the first listing date. Very often it is not how long the business has been listed but rather what is its asking price and how negotiable the Vendor becomes over time. HOW MUCH CASH OR DOWN PAYMENT DO I NEED IN ORDER TO BUY A BUSINESS? The amount of liquid or unencumbered cash is very relevant in the process of buying a business. It is important to realize that items such as cash flow, inventory, and closing costs, initial marketing costs all have impact to the down payment of each business. A general rule of thumb is 50% of the selling price in cash is required to be in the ýball parký of making a deal.
WHAT DOES A BALANCE OF SALE MEAN? A balance of sale or Vendor financing is based on the owner accepting an amount of the purchase price over time. The term can range from 6 months to as long as 60 months. It may have no interest or it can be even higher than the prime rates. The balance of sale is a mechanism for any short fall of cash by a purchaser but it also provides sense of security for the purchaser and a back up by the vendor. DOES ACTIVE BUSINESS WORK WITH THE BANKS FOR FINANCING? Active Business and Reality works with the Small Business Loan program provided by the Government of Canada that is administrated by the chartered banks. The small business loan is an excellent vehicle for purchasers focused on an acquisition of assets. Please note however that many rules and regulations apply to the Small Business Loan and acceptance is based on a specific business plan. Active Business and Reality helps its clients obtain between 25 and 75 Small Business loans per year. HOW DO I CONFIRM THE INFORMATION ON THE LISTING DESCRIPTION ON YOUR WEB SITE? The Vendors themselves provide the information on the mandate description to the public. Active Business and Realty Inc, and its representatives do not perform any due diligence related to the information provided by the Vendor. It is very important therefore that each purchaser consult his/her accountant, lawyer and independent advisor before buying any business. Notwithstanding this reality, all clients of Active Business wishing to evaluate any listed business will have the right to include the following paragraph on the offer to purchase:
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