Buying or selling a business in Vancouver or elsewhere in BC? Thomas Lau PREC* provides business brokerage services alongside commercial real estate sales and leasing. Start with a conversation about the business, your goals and your timing.
Buying a business
A useful search begins with a clear brief: your preferred industry, general location, available acquisition budget and the role you want to take in the business. These details help focus the discussion on opportunities that fit your plans.
Browse current business and property listings, then read the Vancouver business buyer’s checklist before making an enquiry. The BC due-diligence document guide explains records to discuss with your advisers.
Selling a business
Before advertising, consider your preferred sale timing, what would be included in the transaction and which details can be shared publicly. Financial records, lease information and an equipment or inventory list can help prepare that discussion.
Confidentiality needs a plan. Agree on how enquiries will be handled and when more detailed information can be released. Read Preparing to Sell Your Business in BC and the guide to handling buyer enquiries confidentially.
Business brokerage and commercial property
A business purchase may also involve leased premises or commercial property. Identify the property arrangements early, including any lease expiry, renewal provisions and landlord requirements that your advisers need to review.
Thomas’s business brokerage and commercial real estate services cover purchases, sales and leasing. His office is in Richmond, with a focus on Greater Vancouver. For a business elsewhere in BC, contact Thomas to discuss the location and the scope of support required.
Questions before your first conversation
What should a buyer include in an enquiry?
Share your preferred industry, location, general budget and intended timing. Mention whether you plan to operate the business yourself. This gives the first conversation a practical starting point.
What should a seller prepare?
Start with the business type, general location, desired timing and a description of what you intend to sell. Use an agreed secure process for sensitive financial documents rather than attaching them to an initial public enquiry.
How is an asking price assessed?
The business’s financial performance, included assets and transaction terms all need review. An asking price is a starting point for discussion. See what affects a business asking price in Vancouver and involve your accountant and lawyer when assessing a proposed purchase.
Discuss your next step
Contact Thomas Lau to discuss buying or selling a business. You can also learn more about Thomas before arranging a conversation.