On October 17, Venture for Canada gathered business buyers and the people who back them in Calgary. InvestDeal was one of six sponsors. Here is what the day covered, and what each session means for an owner who plans to sell.
A waste or recycling company runs on provincial approvals issued to a named holder. In an asset sale each one moves with the ministry’s consent, and the land under the yard raises its own questions about contamination.
Milk and chicken quota passes to a buyer with the provincial board’s approval, and each board sets its own route. Five rules from Ontario, Nova Scotia, Manitoba and Saskatchewan show the range, and the tax on quota follows rules of its own.
Prepaid memberships are a liability the buyer takes on, settled at closing through the price or working capital. Provincial law then sets how long a membership runs and when members may cancel if the gym moves or changes its operation.
Clients follow their stylist, so a buyer prices the share of revenue that stays with the salon. How to show that share from the booking system, and the stylist and salon permits each province requires.
Your franchisor approves the buyer and may hold the first right to buy your location. This guide reads the transfer clause and the six provincial franchise acts from the seller’s side.