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COVID deals?

Posted on May 13, 2021

I can't tell you how many emails and calls I get every week from people who think that the bottom has fallen out of the market and they should be getting businesses for free or next to free.
This. Is. Not. Happening.
The business owners who somehow were able to scrap by, pivot or use up their savings to make it through this last year are not typicall...

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I want to buy a business - where do I begin?

Posted on Mar 03, 2021

Congratulations! Deciding to take the step is often the hardest part. 
So what do you do first? 
Well my friend, that's a long list. 
Have you Incorporated? Set up a Corporate Bank Account? 
Have you spoken to a Lawyer or your Accountant yet? 
Have you drafted an initial Business Plan or Design Look Book? 
You should definitely get that stuff sorted and out of...

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Liquor Licence Types - What's the Difference?

Posted on Feb 24, 2021

This is another common topic of discussion. 
Can I sell beer? What about spirits? 
Typically the answer is yes of course.

But those aren't really the important things to be aware of. Most important is the hours. 9AM-12AM is "standard", meaning if you don't request different hours in your initial, or subsequent, communication with the Liquor and Cannabis...

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Permits & Licences

Posted on Feb 24, 2021

I can't tell you how often a Buyer, or their Agent, writes an offer with a Condition (Subject) like "Subject to the Buyer having all Permits and Licences transferred to them on or before Subject Removal Date".
That is so crazy. 
On a Restaurant deal, do you really think the Seller should Transfer their Business Licence, Health Permit and Liquor Licenc...

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Asset Sale versus Share Sale

Posted on Feb 24, 2021

This is one of the most common questions we are asked about. So what's the difference between them?
Simply put a Share Sale is where you are buying all of the company's shares - you become the new CEO of the Seller's corporation.
An Asset Sale is where you are buying all of the assets that the Seller's corporation owns - but the Seller will keep the...

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