About Us

What we promise

Our commitment to you is to be transparent, communicative, and honest.

We will offer you honest insights and provide an accurate estimate of the value of your business. We specialize in owner-operated businesses with an estimated sale price of less than $500,000. If our estimate of value is greater than $500,000, we will refer you to one of our trusted broker partners.

What we offer

Our brokers are backed by decades of knowledge and experience to guide you along in what is likely one of the biggest decisions of your life.

For us, it's about creating an environment conducive to collaboration, asking the right questions, providing heart-forward professional insight and personal support that allows our clients to make informed decisions that will support their life goals.
Do you charge for business valuations?

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.

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.

Once you know that Sprint is the right firm to take your company to market, we charge a $2,000 engagement to help cover the costs of properly preparing your business to help buyers see the many and varied reasons to buy your business. This fee is refunded against the success fee when your business is sold.

Sprint 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).

We sell businesses in all provinces across Canada.

We will need the following information to get started:

✓ 3 Years (5 years preferred) accountant prepared financials

✓ Year-to-date income statements

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 a couple of months to 18 months even 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.

Ultimately, you are not selling a 3 bedroom bungalow in which many family configurations can reside. You are selling a unique business with a certain lifestyle attached to it and skill set required for its operation.

In addition to our internal email list of 7,000+ buyers, we confidentially advertise your business across the internet paying for advertising on the largest business-for-sale websites.

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Address
727 Pandora Ave, Victoria, BC V8W 1N9, Canada
Contact
(250) 812-0089
info@sprintbusinessbrokers.com
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