There are many reasons why you’d be looking for a business for sale in Canada in 2023. Some might want to buy a business to expand their domestic investment portfolio. Others, like foreign entrepreneurs, might be looking for Canadian businesses for sale to expand their international investments or perhaps looking to expand their existing business to Canada. On this page, you will learn about the best businesses for sale in January 2023, how to buy a business in Canada, as well as business immigration options for foreign entrepreneurs.
List of Top 15 Businesses for Sale in Canada This January
Below you will find our handpicked top businesses for sale in Canada in January 2023. If you would like to inquire more about any of the listed businesses, we will be more than happy to provide you with more information during our Strategy Meeting and share the Financial Overview of your business of interest with a further breakdown of financial performance.
1. Restaurant – $75,000 or $350,000
The business is located in Summerside, PEI, and the owner is open to the following options:
- Chef/managing partner to invest a minimum CDN $75K and fully manage the business with a monthly payment (to the owner) and potentially buy after 3 years; or
- Full purchase for CDN$350K
2. Coffee Shop – $410,000
The business is located in Vancouver, BC. Please contact us to inquire about the sales revenue and cash flow.
3. Pizza Franchise – $210,000
The business is located in BC. Please contact us to inquire about the sales revenue and cash flow.
4. Tutoring Centre Franchise – $75,000
The business is located in BC. Sales revenue is between $175,000 – $275,000. Cash flow is between $50,000 – $100,000.
5. Escape Room – $329,997
The business is located in Edmonton, Alberta, and in the 2022 fiscal year, the revenue of the business was $356,000.
6. Art School and Studio – $85,000
The business is located in BC. Sales revenue is $125,000.
7. Physiotherapy Clinic – $129,997
The business is located in Edmonton, Alberta, and in 2021, the revenue of the business was $237,172.
8. Charter Bus Company – $349,997
The business is located in central Alberta, and in 2021, the revenue of the business was $325,000.
9. Tile Retailer – $220,000
The business is located in Surrey, BC. Please contact us to inquire about the sales revenue and cash flow.
10. Locksmith Business – $324,997
The business is located in central Alberta, and in the 2022 fiscal year, the revenue was $374,505.
11. Denture Clinic – $299,997
The business is located in central Alberta, and in 2021 the revenue of the business was $311,574.
12. Pizza Restaurant – $210,000
The business is located in White Rock, BC. Please contact us to inquire about the sales revenue and cash flow.
13. Promotional and Apparel Products Company – $279,997
The business is located in Edmonton, Alberta, and in 2021, the revenue of the business was $398,166.
14. Liquor Store – $349,997
The business is located in Alberta, and in 2021, the revenue of the business was $600,000.
15. Driving School – $175,000
The business is located in Edmonton, Alberta, and in 2021, the revenue of the business was $420,086.
How to Buy a Business in Canada as a Foreigner
Buying a business in Canada is relatively straightforward for a Canadian permanent resident or a citizen; however, it is drastically different for a foreign investor. When looking at businesses for sale in Canada, foreign investors that want to immigrate to Canada by purchasing a business must take into consideration various business and immigration factors.
Buy an Immigration-Preferred Business – Canadian business immigration law requires your business to have a “significant economic benefit” to Canada in order for you to immigrate as an investor. You can demonstrate your business’s economic impact in three ways:
- By purchasing a business in a government-preferred industry like exports, farming, transportation, etc; or
- By buying a business that is undertaking activities that have “significant benefit” to Canada; or
- By purchasing a business that will generate employment opportunities for Canadians.
Search for the Right Business – Your search for a business for sale must be very specific. You should have an idea of which province you’d like to live in and do business in, even better if you already have a specific city in mind. A professional broker could help you locate a suitable business for you.
Once you have selected various options, you must narrow down the selection. Take a look at the company’s corporate tax returns that were submitted in the past, as well as the GST and HST tax sales. You ideally want to narrow down on businesses that have at least 3 years of operational and financial history and ones that generate at least $300,000 in revenue annually. It would be even better if your experience and skillset could be used to operate that business.
Conduct Due Diligence – If you have narrowed it down to one or a few businesses, it is time for extensive research. At this stage, it is advisable to hire experienced professionals that could audit the business and its likelihood of future success. You should know about any lawsuits, debts, franchisee obligations, zoning problems, or any other issues that may impede the business. If you are considering a particular business for immigration purposes, you must consult a business immigration lawyer to advise you on your purchase. Not all businesses are suitable for immigration, and it is crucial to have the right team for you to achieve your business and immigration goals.
Alternatives to Buying a Business for Immigration
If you are considering business immigration to Canada, buying an existing business is not your only option. You may already have a well-established business in your country, or you may have a start-up idea that you want to develop in Canada. If you are a foreign entrepreneur, you should know that apart from buying a business in Canada, you can also:
- Expand your existing business to Canada – If you already have a well-established business in your home country, you could expand it to Canada and become eligible for permanent residency.
- Start a brand new business in Canada – If you have an idea for a new business in Canada and you have applicable skills and experience to develop your business concept, you can transition to permanent residency after one year of operating your business.
- Establish an innovative start-up in Canada – If you and up to 4 more founders have an innovative foreign business that you want to develop in Canada, you could receive permanent residency in up to two years.
Take these 3 steps to learn more about your business immigration possibilities, and let’s team up to achieve your goals today:
- Step 1: Check your eligibility for business immigration programs using our Free Instant Assessment tool.
- Step 2: Check our fees using our Fee Calculator. Don’t worry if the fees estimated by the Fee Calculator seem too high. We can give you a discount if your case is strong.
- Step 3: Book a 1-hour Strategy Meeting with our senior business immigration lawyer to discuss your immigration case in more detail. If we take you as our next client after this meeting, the fee you paid for the meeting will be applied towards our legal retainer.