Business For Sale In Calgary
According to the Canadian Franchise Association, the average fee to buy a franchise business in Canada is $23,000. The average capital needed to get a company off the ground is roughly $160,000. Many factors can influence the price of buying a small business, especially if the company is for sale in a major metropolitan area like Calgary, Ontario or Toronto.
Franchising is a way for companies to experience rapid expansion into new markets without having to bear the sole financial burden of setting up new shops. Hospitality is the top business type for sale in Canada, with restaurant, auto repair and residential services following close behind. Information about franchise opportunities is available through web directories, company websites and business consultants.
What You Need to Know Before You Buy a Franchise in Calgary
If you want to set up shop in Calgary, some of the hottest opportunities for sale include real estate, printing, and restaurant chains. Avoid fads whenever possible, as they're the first business types to go under if the market fluctuates for any extended period of time. You can expect to pay top dollar to buy a contract from an industry leader like McDonald's or ReMax real estate.
One of the most common mistakes people make when investing in new ventures is getting in over their heads. Some corporations underestimate the amount of capital needed to get up and running. Others require absolute compliance with operating systems. Defaulting on a contract can cost you hundreds of thousands of dollars if you've got a long-term agreement.
Match Point Network offers consulting services for people looking to buy shop in Calgary and throughout North America. Email Match Point to complete an online investor profile.