What type of business can be bought by an immigrant in the budget of 30-40K canadian dollars? Does the returns fr such a business cover the initial living expenses?At the age of 40 I hv closed my business in India n am thinking of immigrating to Canada. suggestions,please.
You could search businesses for sale in Canada to get an idea of the prices and anticipated returns.
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In the starting of the business, the buyer needs to examine the following points related to a business:
1. Examine the financial situation of the business.
2. Examine the assets. The price of each asset is mentioned online. You should check them and can analyze whether it is according to the condition of the asset. If it is not according to you then you should move to another business.
3. The place where you can buy the business, its reputation and special features will be mentioned online. You should have a look over them.
4. You should contact the owner after finalizing the product or firm and try to bargain for it because the seller will surely put the price 10% above then its original amount. So there is a chance of reduction.
5. Multiply the industry multiplier by the total net profit to get the value of the business.
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