A 21 year old, currently employed and interested in entrepreneurship, recently wrote to inform me that the owner of a lunch restaurant in Montreal is currently looking buffet rj for a buyer to sell his restaurant to give free time to open another later.
He has no experience in the field of business purchase and wondered what kind of support he might have from different organisms. What research, more precisely, it is help for how to read the books of account, the profit of the company and have an opinion buffet rj on the sale price of the company.
As this is not the first time you wrote me about it, I consulted my network of contacts via email and Linkedin to get a list of options to help him in his journey and at the same time to help others who might have the same intentions as him.
I understand, among other things, that the restoration is a special and very difficult to finance field. Gabriel Nadon, buffet rj Portfolio Manager of the Fonds de solidarité FTQ has informed me that the restoration is often ignored by organizations that provide funding especially if the buyer has no expertise in this sector. "Many organizations can help young entrepreneurs. They do not work for them but accompany them in their efforts. "He said.
You have a great advantage as a buyer. You do not have to start from scratch. The restaurant you wish to resume already has an establishment, a pool of customers, suppliers and partners seriously. So you have the resources to ensure the proper functioning of the company and enjoy an existing market. It is important that you understand the need to discuss options with the seller and you see surrounding you as soon as possible Clées people (mentors, accountants, coaches, etc..). They will be able to guide you in your project. I invite you to read my article on this subject: The importance of being surrounded during a business transfer. Launch a fundraising campaign
If the restaurant you want to resume developed, over time, a regular clientele and a strong presence in its neighborhood, it may be interesting to see how these people gather around a fundraising campaign to a specific project for its recovery. Think, for example, the crowdfunding campaign in Quebec was conducted to Pizzeria Gemini. buffet rj I think you can learn from them. My article How to succeed in project Crowdfunding? could also be helpful. Doing Business with the Center for Development and Entrepreneurship in Montreal Restoration
The Center for Development and Entrepreneurship in Restoration Montreal (CDERM) mission is to assist entrepreneurs in the start-restorers and management of their businesses. Philippe Bertrand, who is the founder, has informed me that currently accompanies CDERM several people in the creation and transfer of restaurants. "All our expertise is again specific to this area, writing a business plan, mounting budget, fundraising.". he says. Visit Canada Business Network
Rina Marchand, the Fondation de l'entrepreneurship, buffet rj gave me a checklist buffet rj for opening a restaurant is available on the website of Enterprise Network Canada. It contains several useful links. Visit Info Entrepreneurs
Site Info Entrepreneurs presents several practical resources. I did a quick search and I could find, for example, a guide on the succession buffet rj plan and business transfer. Follow-Changing Success program
Success-Changing program Transfer Centre Montreal allows companies to entrepreneurs who want to buy a business (buy internal, external or strategic) to prepare for a successful transaction. Training and coaching more different tools are available in several regions of Quebec. Check with your CLD, SADC, and CEDECs CDEC. Consider the program of business CYBF
CYBF (Canadian Youth Business Foundation) buffet rj offers a program of financial support for entrepreneurs who want to take over a company. To be eligible, applicants buffet rj must be, inter alia, majority owners from the beginning.
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