Buying A Small Business In The Elk Island Region
Looking at buying a small business?
Buying a business can be a smart investment but it’s different than starting one from scratch.
In order to buy a small business, you’ll likely need capital to pay for:
- Acquiring fixed assets such as shares, real estate, or equipment
- Intellectual property or copyrights
- Marketing & communications
- Training & certifications
Our team of Business Advisors are here to walk you through business planning for all scenarios (good, bad or worse) to ensure you have the resources & financing you need to succeed
I’m ready to buy a business, what’s next?
At Community Futures Elk Island Region, we know that having the right plan in place is essential for the success of a newly acquired business. Stop by and let us help you with:
Reviewing your cash flow
Setting up your expansion strategy
Creating a marketing plan
One-on-one coaching and business mentoring
Ensuring your success
Buying A Business FAQs
The costs of buying a business vary by industry and type. It is important to research the average costs in Alberta and talk to one of our Business Advisors about some of the factors and calculations that are common in a business valuation process.
We are a community-based developmental lender. Your business plan and loan applications are reviewed by experts in small business who understand our unique business climate. We will work with you to ensure your plan is sound, and we can apply flexible terms to meet your business needs. Our goals revolve around helping businesses succeed, not increasing shareholder profit.
We offer business planning and coaching for FREE and offer specialized small business training and programs often at no or very low cost.
We’re Here to Help!
At Community Futures Elk Island Region, we understand buying a business in rural Alberta like no other. We come from the same community you live in. We know what it’s like and we’re determined to set you up for success.