SMB Q & A – Where are businesses for sale listed?
4 May 2019
“I am in my thirties and I feel that I have what it takes to succeed as an entrepreneur. I know that a large number of businesses will be for sale over the next few years. However, my research keeps pointing me towards businesses such as restaurants, hair salons, convenience stores. My question is: how can I find businesses for sale based on what I am interested in?” – Sabrina Lambert
You are absolutely right. According to a study conducted by the BDC, 41% of all entrepreneurs are likely to leave their businesses within the next five years and 52% of them expect to sell or transfer their business outside the family. It is considered a major issue in the SMBs sector since a lot of owner-managers are approaching retirement.
To start off your research, we recommend familiarizing yourself with Conseil de transfert d’entreprise du Québec or CTEQ (available in French only), an online platform for successors (buyers, like you), owner-managers (sellers), and experts. Browse the Index available. By creating a free account, you can consult the profiles of businesses for sale, based on asking price, sector of activity, and geographical location. Fill out a successor profile with information on your professional experience, and the type of sale and sector you are looking for.
Advisors from the CTEQ get in touch with every new signup in order to match buyers with sellers, while always maintaining a neutral and confidential approach. Signing up also gives you access to a database of specialized business takeover experts.
Next, direct your attention towards From Success to Succession, a website brought to you by The Chair of SMB Development and Succession. The group has created a selection of tools (questionnaires, informative charts) to help plant seeds and spark the transfer process from owner-managers to the next generation of successors.
Happy hunting and good luck with the acquisition process!