­­Business Brokers in Whistler, BC

Start by preparing an exit strategy that takes into consideration the specific details of your exit. This will provide a roadmap to your end goal, so you know what is required of you and the time frame you should anticipate. Consider several key factors, such as when the right time to go to market is, how fast you are hoping to sell, and how much you want to earn in the transaction.

Considering all of the variables that determine the "real value" of a business, you'll need to arrive at an asking price that is fair and justifiable. In doing so, it's easier to get an Interpretation of Market Value completed by a third-party. Besides knowing the specific value drivers of a business in specific industries, they also remove the biases attached to a company by a seller. With a more accurate assessment completed, you can easily select a Most Probable Selling Price.

Prospective business buyers in Whistler, BC often begin their search online through a listings database. In addition to going to market, you should also determine if there are any potential buyers interested in acquiring your business for strategic, financial, or synergistic reasons. You may have an idea of this person in mind, but you should also consult with an M&A advisor as they tend to have an extensive database of potential targets. These prospective candidates will be contacted to determine their level of interest in growth by acquisition.

Get started by determining the search criteria that are most important to you in your acquisition. Most prospective buyers consider elements like financials, location, industry, business size, and growth potential. While it helps to be open-minded and realistic throughout the search process, you still want to segment your options based on your needs and expectations.

Depending on how soon you're looking to buy a business in Whistler, BC, you could want to engage in a more proactive approach. This would entail reaching out to potential targets with related geographical, financial, and industry-related criteria. (One significant advantage to working with a Whistler business broker is that they often have many connections to opportunities not listed on the market!)

In total, Whistler generates 25% of the tourism export revenue for all of British Columbia. As tourism continues to expand in the Whistler region, it's safe to assume that a travel-related business would perform well in the long-term. In any industry you buy into, you'll want to evaluate the most current market trends while also looking to historical data to indicate whether or not you're making a good investment.