The average asking price for Listings in
Victoria: $863,510
The most viewed listings in Victoria on FBF are linked below:
| Business for Sale | Restaurant for Sale | Business for Sale |
| Convenience Store for Sale in Sidney | Restaurant for Sale | Restaurant for Sale |
There are numerous benefits associated with buying an established "turn-key" business opportunity in Victoria BC, on Vancouver Island. For starters, you will get to live in one of Canada's most beautiful cities!
Acquiring a well-established business in Victoria offers many advantages to aspiring and seasoned entrepreneurs. Established businesses provide Buyers with existing customers, knowledgeable employees, established supplier relationships, proven products and services, and most importantly established and profitable revenue streams from loyal customers.
A further benefit of buying an existing business is that the departing owner will support a buyer through a training and transition period after the transaction is complete to ensure a smooth transition for the new owner in the day-to-day operations of the business. Once complete, the new owners can focus on growing the business by implementing innovations in products and services and potentially enhancing business operations that will enable the business to successfully expand and grow based on evolving trends in the industry in which the business operates.
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Buying an existing business is a great way to become an entrepreneur without the significant downside risk of starting a business from scratch. There are a number of considerations you should address when analyzing any business acquisition opportunity in Victoria.
First, you need to understand and clearly establish your personal and professional goals concerning owning a business. Ensure that you have the requisite knowledge and entrepreneurial skills for the industry sector and type of business you are targeting in your search. Understanding how much cash you will be able to access to fund your acquisition is a key first step that will help inform your optimal "deal size" range so that you do not waste time exploring opportunities that are beyond your financial ability based on your access to capital sources to fund a business acquisition. Properly analyzing business opportunities can be a time-consuming process, and since your time is valuable, you should focus on exploring only those opportunities that are within your achievable price range.
Critical due diligence processes to undertake include analyzing macroeconomic trends, industry sector trends, local economic trends, trade area competition, location-related factors including accessibility and parking, facility-related factors including premises size, automobile, and pedestrian traffic exposure, existing customer demographic composition, and most importantly detailed historical financial review and analysis of business performance. Lastly, don't forget to consider all of the costs associated with a potential acquisition including working capital requirements, lease deposits, inventory levels, legal and accounting fees, license and permit fees as well as other foreseeable transaction-related costs.
If you are hoping to acquire a business for sale by owner in Victoria you have come to the right place! There are always a number of business opportunities available in the Victoria market that are publicly advertised by owners and others that are not publicly advertised for sale but could be available for acquisition if discovered at the right time. In order to discover and potentially acquire an unadvertised "off-market" opportunity we encourage Buyers to post a free "Buyer Wants" advertisement on FindBusinessesForSale.com to potentially attract potential Sellers to contact you directly based on your advertised acquisition criteria. This proactive approach to discovering unadvertised acquisition opportunities can potentially deliver outstanding results by identifying businesses that you would not have otherwise discovered during your business search journey.
When searching for businesses for sale in Victoria it is strongly recommended that you contact local business brokerage professionals since they may have knowledge of unadvertised business acquisition opportunities that are not yet publicly advertised for sale on FindBusinessesForSale.com or other less popular business-for-sale advertising marketplaces. Additionally, some commercial real estate agents who practice business brokerage on a part-time basis often have "pocket listings" that are not currently advertised publicly, and early access to these pre-sale opportunities may lead you to achieve a successful transaction.
Visit the Broker Directory on FindBusinessesForSale.com to find contact information and professional profiles for the majority of leading business brokerage professionals in the market region you are exploring. Contact a few of these professionals to potentially discover "off-market" acquisition opportunities. You may also want to consider informally engaging one or more business brokerage professionals to support your business search and acquisition journey. Members of the IBBA (International Business Brokers Association) and CREA (Canadian Real Estate Association) are your best bet for selecting and engaging with an experienced and knowledgeable business brokerage professional since they have a wealth of local market knowledge and are experts in the business acquisition and disposition process regarding valuation, and legal issues. Acting in the capacity of "Buy-Side" advisors these Business Brokerage professionals are typically more than happy to support your acquisition journey for free since they are typically paid through the Listing Brokers from the proceeds of sale upon transaction completion, and thus, they are not an added expense in your acquisition process while providing you expert advice and support during your business acquisition journey.
Buying an existing Business for sale in Victoria BC is a great way to start or continue your entrepreneurial journey while mitigating risks associated with creating a new start-up business. The business Buying journey typically has many ups and downs with a number of steps to be completed before a successful business sale transaction is completed. Being supported by a credentialed professional business intermediary/broker is a wise decision for many business buyers since their expertise complements your legal and financial advisors in the business acquisition process.
Before committing to purchase any particular business, it’s important to research all aspects of the business including industry sector trends, market region competition dynamics, historical business financial performance, and existing customer profiles. Additionally, it’s critical to ensure that you know exactly what responsibilities come with owning and operating any particular business model you are considering to ensure that the business aligns with your temperament, knowledge, skills, and desires thus ensuring that you will be able to happily operate the business into a successful future.
Data is supplied by CREA who is the owner of the copyright in its MLS®System. Data provided is deemed reliable but is not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.