Whether you are looking to purchase a business in Canada or establish a new one, a good market research is indispensable. It gives you the information and intelligence required to make a better-informed decision. Especially, since you are dealing with an economy that may not be familiar to you.
When it comes to purchasing a business in Canada or establish a new business, Owlspriority Immigration’s market research team offers market research services that can help the person make a well-informed decision. Often, a variety of factors contribute to the person’s decision making, and not just the ledger and cash flow statements. The market research services we provide is divided into 2 stages for better understanding:
When it comes to purchasing or acquiring existing businesses in Canada, the PMR starts with the person (the buyer) identifying certain criteria. These would include, but not limited to:
Once the criteria for the research has been identified, the market research team engages with our realtor network in the identified area (geography). The person (the buyer) is then provided with the Pool of Business Entities (PBE) listing. The PBE listing will list out the most promising and relevant available businesses that are for sale in the specific area/geography the person (the buyer) had shown interest in.
As per the requirement of the person (the buyer), various information pertaining to the business are collected for the 2nd stage of the research. That is, Comprehensive Market Research (CMR). These would include certified accounting information pertaining to the businesses provided by a Certified Professional Accountant (CPA) in Canada. These would include:
At each stage of the research, the person (the buyer) will be guided by our market research team. Also, as per the person’s (the buyer) interest, additional research will be carried out (if required) to gather more data or information. This is applicable in the case of businesses like restaurants, take-away food stores, convenience stores, gas stations, etc. Some of these would be:
The Preliminary Market Research Stage is often followed quickly by an “Exploratory Visit”. An exploratory visit not only strengthens the application, it plays a crucial role in the person’s (the buyer) final decision making also.
When it comes establishing a new business in Canada, the PMR starts with the person (the buyer) identifying certain criteria. These would include, but not limited to:
Preliminary Market Research (PMR) stage is unique for each application because the circumstances, tastes and industry differ from one application to the other.