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Tag: Buy/Sell Business

Business Tips

How To Calculate Your Break-Even Points and Return On Investment When Purchasing A Business.

Ever felt like investing is a bit of a gamble?

Whether it’s playing the stock market or diving into real estate, it’s like a strategic game. But here’s the twist – buying a business is often overlooked as the ultimate challenge. 🏢💼

If you’ve ever wondered how to decode the ROI puzzle in business, I’ve got you covered!

Check out our latest Business Tip of the Week for a simplified guide. Let’s turn your business investment into a winning game plan! 🚀📈

#BusinessInvestment #ROI #GameChanger #BusinessAcquisition #InvestmentStrategy #SmartMoves

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Legal Guide

How to Buy a Profitable Franchise – Everything You Need to Know

Looking for lucrative business ideas? Could a franchise be your perfect solution?

If you’re considering starting a business but are unsure about viable business ideas, buying into a franchise could be your answer.

A franchise provides a market-tested business model and a product that people already love.

For the price of a negotiated royalty, you can buy into a thriving brand that not only gives you a platform to quickly grow a business but also provides the support you need to succeed.

However, while there are obvious benefits to leveraging a franchise model, it’s important to approach the process with due diligence and a well-thought-out plan.

Just as buying into a great franchise can help you launch a growth-ready business, signing up for the wrong franchise can produce a world of pain and financial ruin.

To help you navigate the franchise purchase process, this article explains the key steps involved and important matters to consider when purchasing a franchise.

We’ll provide a comprehensive overview of the process of buying a franchise, including how to find, assess, and secure funding for the right franchise.

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Legal Guide

14 Must-Know Pros and Cons to Buying a Franchise Business

A franchise is a business model where the franchisor (the owner of the business) grants the franchisee (the individual who buys a franchise location) the right to operate a business using the franchisor’s trademark, products/services, and operational systems… or in other words, a franchise is a business in a box!

Buying a franchise can be a great opportunity for those who want to own and operate their own business, but it’s important to understand the benefits and drawbacks of this business model before making a decision. 

A franchise brings many benefits including access to an established brand, ongoing training and support, and a proven business model. Unsurprisingly, this leads to strong business and financial performance – franchises created $790 billion in economic output in 2021.

However, despite all their benefits, buying a franchise isn’t all sunshine and flowers. There are several drawbacks to owning a franchise, including limited autonomy and control and high dependency on the franchisor – making a potential exit from franchising a potential nightmare.

Want to know more about the pros and cons of franchising?

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Legal Briefing

How to Find a Business to Buy

Toronto business and franchise lawyer, Sukhi Hansra, of Hansra Law, discusses how to find a business to buy in Toronto or Ontario. Looking for your

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Legal Briefing

How to Purchase an Existing Business

Toronto business and technology lawyer, Sukhi Hansra, of Hansra Law, discusses the key steps and considerations in buying an existing business. Whether acquiring an up-and-coming competitor

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About 20% of small businesses in Canada fail within their very first year. But it doesn’t have to be that way if you have the right business and legal guidance.