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Buying a Business
What do you need to know about buying a business?
We’ll guide you at every step.
There’s a business for sale that’s already operating and welcoming customers through the doors—and you can see yourself running it. What will it take for you to continue running a successful business and what do you need to know before making an offer?
Buying a business may seem like an easier path to entrepreneurship, but if you want to avoid surprises and realize the potential of the business, serious homework is required at the outset. We’re here to help you consider all facets of the business so you can make an informed buying decision and help ensure a smooth, successful transition.
Buying a Business in the North Okanagan
How We Help
To help you succeed in buying a business, we’ll guide you through considerations such as:
- Reason for the sale
- Financial history
- Location, lease terms, etc.
- Valuation and buying the entity vs. assets
- Day-to-day operations when you take over
- Suppliers
- Business planning (yes, this is key even for established businesses)
- Lending options to purchase the business
Resources
Lending
We’re a community-minded lender that sees your potential and the big picture.
If you need a small business loan, find out how we can help get you on your way.
Connecting Buyers & Sellers
Venture Connect
Are you considering buying a business in the North Okanagan?
Venture Connect, a working partner with Community Futures offices throughout Western Canada, helps buyers find the right business by supporting both the business owners to prepare for the sale and business buyers with support through the entire process.
Ready to get started in your journey as an entrepreneur?
About Community Futures
From our office in downtown Vernon, Community Futures North Okanagan offers employment, business and economic development services to help residents build their future and the community. We service Armstrong, Coldstream, Enderby, Grindrod, Lavington, Lumby, Mara, Okanagan Indian Band, Spallumcheen, Splatsin and Vernon.
