Changing lives one sold business at a time

Leading business brokerage specializing in the purchase and sale of businesses in Western Canada.

Our Process

A Trusted Partner in Every Deal

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Business
Chinook Business Advisory

How To Sell Your Business Quickly

Selling A Small Business in 4 Months 6 Full Price Offers.  2 Weeks On-Market.  4 Months Start to Finish. This is how Chinook’s process created an efficient and successful sale for a small business owner. Our client approached us to help them sell their business with a common reason: “I’m

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Buying versus Starting a Business: Which Is Right for You?
Buyer Articles
Chinook Business Advisory

Buying versus Starting a Business: Which Is Right for You?

Deciding whether to buy an existing business or start a new one is a huge strategic choice. Both routes lead to ownership and control, but they differ sharply in startup risk, capital requirements, time to profitability, and the shape of day-to-day work. Here are the practical tradeoffs and questions to

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300 +

Businesses sold

$213 m

Sold in deal value

1,000 +

Lives changed

Frequently Asked Questions

We understand that when considering our services, you may have specific queries and concerns. That's why we have curated a collection of frequently asked questions.

Can’t find an answer?

Some businesses sell in as little as one week, and some even before they hit the public.  Similar to real estate, if the market is good and the price is right, a business may sell much faster. Our detailed valuations ensure that your business is priced reasonably within the market.

On average, it can take anywhere from 1 week to 18 months for your business to sell, based on numerous factors. We do our best to address all obstacles and prepare for success before we hit the market to achieve the best possible outcome.

Once your Confidential Information Memorandum (CIM) is complete, we draft a “Blind Profile.” This is an enticing summary used to attract buyers without revealing the actual business that is for sale.

All buyers must sign a Non-Disclosure Agreement (NDA) before accessing the CIM or any information about your business. This legally prevents buyers from sharing information about your business to anyone else. You have full control as to whether you accept or reject buyer access to the presentation.

Chinook first works with you to determine exactly how you profit from running your business so that it is clear how much money is available to a new owner. We then consider the market sales data of similarly sized businesses from your industry right across North America. Using this market data, we calculate a justifiable asking price for your business. How do we know if an asking price is justifiable? It must achieve the 3 criteria every business buyer seeks when buying a business:

(1) The business must provide the buyer a living wage,

(2) The profits of the business must cover the payments of any debt used to purchase the business, and

(3) Finally, the business must provide a return on the money they invested into the business (after the buyer pays themselves a salary and covers their debt payments).

A business valuation is complimentary during our onboarding process. We provide a free market-based estimate of value to each client who is considering an exit as part of our onboarding process.

Chinook charges an initial engagement fee of up to 1% of the asking price of each business. The engagement fee is fully deductible against any success fee owing to Chinook upon the successful sale of the business, which starts at 10% of the final sale price.

Why do we charge this?
Presenting a business to market requires a tremendous effort. Buyers require a comprehensive understanding of a business before submitting an offer. As Intermediaries, we facilitate this understanding by developing an informative Confidential Information Memorandum (CIM), which are typically 30-50 pages in length. While this engagement fee does not cover all of Chinook’s costs to prepare a business sale, it shows a commitment from our client that they are willing and ready to do the work required to achieve a successful sale.

For an example of a CIM, click here.

May we send you a free physical book?

Written by our partners, this book reviews 10 key insights essential for any business owner in assembling their exit dream team, whether that's today or a decade away.