From brick and mortar stores to e-commerce businesses, the retail industry presents numerous hot opportunities in a wide variety of niches, including fashion, travel, sporting goods, automotive accessories, and more. Learn more about retail businesses for sale in British Columbia, and whether or not now is the right time to enter or exit the retail industry.
How to List Your Retail Business for Sale in Vancouver, BC
If you’re preparing to exit your business and list your retail store for sale in Vancouver, BC, you’ll need an expert on your side to successfully prepare for the sale and close a good deal.
To get started, you’ll need to value the retail business for sale, as well as associated real estate. Most retailers prefer to outsource the valuation process to a third-party. Equipped with a third-party valuation of your retail business, you’ll be able to defend the asking price of your store more easily.
Next, it’s time to list your business for sale. While listing the business for sale is simple, getting that listing in front of interested buyers is much more complicated. To alleviate the stress of identifying potential buyers and marketing to those buyers, it is usually wise to enlist the help of a business broker. Business brokers have access to a pool of potential buyers, as well as in-depth knowledge of the Vancouver market and how similar retailers have sold their businesses. This knowledge gives them a unique advantage and often leads to a quicker, more lucrative sale for the seller.
Online Retail Business for Sale in Vancouver, BC
The retail industry in Canada is booming, especially online. In fact, recent research suggests that revenue generated by e-commerce in Canada will surpass $55 billion CAD by 2023. If you’re interested in buying an online retail business in Vancouver, or preparing to list an online retail business for sale in Vancouver, now may be a phenomenal time to do so.
To get started, contact the team at Pacific M&A and Business Brokers Ltd. With experience closing deals for profitable business owners like you, you can depend on Pacific to sell your business quickly and confidentially.