DO YOU HAVE AN EXIT STRATEGY

DID YOU KNOW…?

About 80% of the businesses on the market will not sell. It is primarily due to owners not realizing the need to plan for the sale of their business.

In Canada, over 1.5 million businesses in the small- (less than 50 employees) and medium-size (50-500 employees) enterprise sectors are owned by Baby Boomers. Ownership planning research indicates that over 40% of these owners plan to leave their businesses within the next five years, and over 70% within the next ten years. (CFIB surveyed)

“71% of small and mid-sized enterprise owners plan to exit their businesses within the next ten years, strongly highlighting the growing importance of enhancing business value. However, the challenge is that few organizations genuinely understand what actions they must take to achieve this goal….”

– Deloitte & Touche –

“The unfortunate reality is that 80% of business owners fail when trying to sell their company. This is an alarming statistic and I hope to serve this as a bit of a wake-up call” says Steve Harvey of Business Finders Canada. “I have met far too many people who think they can wake up one morning, decide to sell their business, and go out and do it. In reality, that does not exactly happen.”

“On the flipside if you PREPARE your business for SALE you have an excellent chance to sell your Business” Exit strategies are something that every investor in a business and business owner looks for. Even if you are running a one person sole proprietorship, you need and Exit Strategy. Industry average in sales of business is less than 20%. Business Finders Canada’s sell through rate is greater than 65%. More than 3x the Industry average!!!

This is a statistic that has held constant for the past three to four decades. It has been studied by numerous organizations, trade associations, publications and independent firms, and regardless of the year, the economic climate, or the source of data, they all return roughly the same statistic: only 20% of businesses listed for sale in any one year will sell.

“In the Okanagan approximately 200 businesses were listed through the Okanagan Mainline Real Estate Board (OMREB) with 32 sales which converts to 16% sell through rate” says Steve Harvey of Business Finders Canada.

It does not mean that they never sell, but they tend to take much longer, with a two-, three-, or four-year process to get the business sold, during which time the owner likely lowers the price considerably. It could be that they were asking too much to begin with. It could also be that there were other factors that harmed the value of the business, and it ended up being worth less than the average business in that industry of a comparable size and position.

Of the businesses that ultimately do sell, about 15% sell to a family member, 15% sell to an insider – a partner or manager, and 50% sell to a third party. The remainder is made up of a variety of other business exit strategies: merging with another company, implementing an employee share ownership plan, or going public.

When a business doesn’t sell, operating the business indefinitely or simply closing the doors may be the only options available. Hardly the exit plan that any owner would desire.

Despite the absolute certainty that every business owner is going to leave his or her business at some point in time – voluntarily or otherwise few Canadian business owners have developed a formal succession plan less than 18% of owners have a written exit plan for leaving their business.

  • 40% of these owners plan to leave their businesses within the next five years, and over 70% within the next ten years
  • About 80% of the businesses on the market will not sell.
  • Less than 18% of owners have a written exit plan for leaving their business
  • The number of businesses sold in Canada is expected to double each year for the next ten years. (Community Futures)

Exit strategies are something that every investor in a business and business owner looks for. But even if you are running a one person sole proprietorship, you need an exit strategy. For you, as for any investor in a business, the questions are the same when it’s time to move on.

 

HOW ARE YOU GOING TO GET YOUR MONEY OUT OF THE BUSINESS? AND HOW MUCH MONEY ARE YOU GOING TO GET?

  1. LiquidationOne often-overlooked exit strategy is simply to call it quits, close the business doors, and call it a day. (not a great one). If you liquidate, however, any proceeds from the assets must be used to repay creditors. The remainder gets divided among the shareholders-if there are other shareholders. For small businesses, especially those that are dependent on the performance of a single individual, liquidation is sometimes the only option, as there’s really nothing else to sell.

     

  2. Keep your business in the familyThe dream of many small business owners, keeping your business in the family ensures that your legacy lives on. As an exit strategy, it can also give you the opportunity to groom your own successor and even perhaps give you some continued say in the business. If you’re looking for proceeds to retire this may not be the way out.

     

  3. Sell your business to employeesSelling your business to your partners or management can be an attractive option to consider. Current employees know the business and have a vested interest in seeing it prosper. As well, customers, suppliers and investors may be reassured by the stability this option offers. Arranging an employee buyout can be a win-win situation as they get an established business they know a great deal about already and you get enthusiastic buyers that want to see your business continue to thrive.

     

  4. Sell to another businessTargeting another business to purchase your company can be highly advantageous. Businesses buy other businesses for all kinds of reasons, from using a new acquisition as a quick path to expansion through buying out (and getting rid of) the competition. The trick to success with this exit strategy is to target your potential acquirer(s) in advance and position your company accordingly. And of course, convincing your acquirer that your small business is worth what you want for it.

     

  5. Sell in the open marketSelling a business on the open market is probably the most common way to exit. At a certain point in time, often when he or she is ready to retire, the small business owner puts the business up for sale for a certain price – and hopefully walks away with the amount of money she wanted to get for it. If this is your exit strategy, you should spend some time PREPARING your business for sale, making it as attractive as possible to potential buyers.

     

THE BEST EXIT STRATEGY

Decide first what you want to walk away with and if that is reasonable. If it’s just money, an exit strategy such as selling on the open market or to another business may be the best pick. If your legacy and seeing the small business you built continue are important to you, then family succession or selling to employees might be best for you. Most people who own a business are focused on making it a great success. Few of us spend as much time thinking about winding down the business or transitioning it to someone else.

Other Businesses

521 Bernard Avenue,… $99,750.00

MLS #: 10181958

British Columbia

$99,750.00

521 Bernard Avenue,… $99,750.00

Tobacco Land Kelowna is the leading supplier of premium cigars and pipe tobacco in the City of Kelowna. They offer a wide selection of cuban and non-cuban cigars along with a variety of pipe tobacco, wood pipes, hookahs, sheesha, lighters, electronic cigarettes and many other gifts and smoking accessories. This fully turn key business has an amazing lease in place and is located centrally along Bernard Avenue downtown Kelowna. This is a perfect opportunity for a seasoned entrepreneur owner operator to take on. Proudly marketed by Carlo Giusto & Stu Morgan of Kelowna Business Brokers and Re/Max Kelowna. (id:20794)

#1 1890 Cooper Road,… $175,000.00

MLS #: 10185460

British Columbia

$175,000.00

#1 1890 Cooper Road,… $175,000.00

#1 Cold-Pressed Juicery and Raw Food Bar in the Okanagan Valley. This very successful business has been in operation for more than four years and has 2 successful locations in Kelowna; a flagship store and a satellite location, both in high traffic areas. With a very strong reputation for producing high quality juices and raw food that are second to none, their faithful following of customers realize that enjoying the experience of exceptional locally-sourced juices and raw food is exactly what their body both craves and deserves! (id:20794)

108 1289 Ellis Street,… $675,000.00

MLS #: 10185700

British Columbia

$675,000.00

108 1289 Ellis Street,… $675,000.00

LIVE and be your own boss in the gorgeous Okanagan Valley. This successful commercial landscape development business has been owned and operated profitably for the past 20 years. A share sale will set you up with existing contracts for the next 2-3 years. Owner is retiring but will train and set you up for success. Proudly presented by Marnie Perrier, Sotheby’s International Realty Canada. A NDA is required to be signed before releasing any further information. Please call/text or email Marnie today 250.212.8552. mperrier@sothebysrealty.ca for an NDA and further information about this once in a lifetime opportunity. (id:20794)

4583 Fuller Road,… $125,000.00

MLS #: 10185649

British Columbia

$125,000.00

4583 Fuller Road,… $125,000.00

High end award winning exterior painting franchise for sale. This franchise has the exclusive rights to the Thompson -Okanagan Territory and is a fully turn key seasonal business. 2019 bookings are already in full swing. Nothing to do except to take the reins and keep on building the current business. Proudly marketed by Carlo Giusto Personal Real Estate Corporation and Stu Morgan of Invest In Kelowna Real Estate Group and RE/MAX Kelowna. (id:20794)

#100 1595 Harvey Avenue,… $124,000.00

MLS #: 10180995

British Columbia

$124,000.00

#100 1595 Harvey Avenue,… $124,000.00

MARKETED BY MCL REAL ESTATE GROUP. Outstanding opportunity to acquire a successful and profitable womans clothing business located in Orchard Park Mall. The business, Honest, caters to women and features exclusive brands of clothing, athletic wear, jewelry and accessories, 90% of which is North America made. They carry the latest merchandise from exclusive upscale brands at competitive prices with a unique retail business model. Honest has quickly gained a reputation as one of the up and coming boutique retailers in the mall and includes a robust clientele of new and repeat customers. This is a unique opportunity for someone in the retail industry or an entrepreneur looking to own a profitable business in fashion retail. This high traffic location has an assumable lease and the sale price includes all leaseholds and inventory. Current owner selling due to unexpected family commitments. For more information please contact Nate Flavel at 250-979-8310 (id:20794)

#c/o 14 1470 Harvey Avenue,… $299,000.00

MLS #: 10180944

British Columbia

$299,000.00

#c/o 14 1470 Harvey Avenue,… $299,000.00

Here is an opportunity to acquire the assets, clients and projects of a very successful Central Okanagan landscaping company. This family-run business has been in operation for almost 20 years with trained employees, many loyal customers, and an excellent reputation within the community and with suppliers. Be your own boss and grow this business to the next level by capitalizing on the Okanagans continued growth and development. Asking price includes all equipment, maintenance/construction contracts and customer lists. Signed NDA must be in place for further information on this opportunity. (id:20794)

#110 1950 Harvey Avenue,… $699,000.00

MLS #: 10181372

British Columbia

$699,000.00

#110 1950 Harvey Avenue,… $699,000.00

Turn-key franchise restaurant Barcelos Flame Grilled Chicken in the heart of Kelowna. Long term lease with excellent landlord. Newly renovated location with brand new equipment, commercial kitchen and dining area. Over $800,000 invested including leasehold improvements. Great exposure on HWY 97, Central Located with ample parking. Location has a food-primary liquor licence to compliment award winning food, roughly 3319 sq ft size, 109 seats. Over 200 positive Google reviews with large client base and return customers. Backed by comprehensive training and full ongoing support, ideal franchise partners will have the benefit of a successful corporate head office and marketing suite. NDA required to be signed prior to accessing financial statements and lease agreement. Proudly presented by the “Letnick Estates Group” http://letnickestates.com JP Letnick *PREC 778 363 1314 and Joanna Wang 778 363 8859 (id:20794)

#12 1771 Cooper Road,… $250,000.00

MLS #: 10184808

British Columbia

$250,000.00

#12 1771 Cooper Road,… $250,000.00

Heres your chance to take over a reputable and profitable business! Logos & Stitches is the oldest embroidery and silk screening business in the Okanagan. It has been providing outstanding products and service for over 28 years with excellent clientele. It is one of the few embroidery businesses that does its own digitizing in-house. This provides the customer with better service, faster turn-around times and quality control. The store features a vast showroom for clients to see and try on products. The store also carries a variety of promotional products that customers can have personalize. They also hold exclusivity on certain clothing lines. Please note, inventory is not included in the price. This is a unique opportunity to run a long established business. (id:20794)

#c/o #14 1470 Harvey Avenue,… $449,000.00

MLS #: 10182505

British Columbia

$449,000.00

#c/o #14 1470 Harvey Avenue,… $449,000.00

Here is an opportunity to acquire the assets of a well-known Central Okanagan company specializing in Plumbing, Heating, Air Conditioning, and Gas Fitting for new construction and renovation of commercial and residential properties. In addition they provide service and repairs on residential and commercial properties with 24-hour emergency service. This business has been in operation for 30 years with 13 trained employees, many loyal customers, and an excellent reputation within the community and with suppliers. Be your own boss and grow this business to the next level by capitalizing on the Okanagans continued growth and development. Asking price includes all equipment, construction/service contracts, business name and customer lists. Signed NDA must be in place for further information on this property. (id:20794)

#200A 1449 St Paul Street,… $369,000.00

MLS #: 10184392

British Columbia

$369,000.00

#200A 1449 St Paul Street,… $369,000.00

Rare opportunity! Residential AND commercial / home base business use.. Funky ,updated unit in the thriving downtown core where you can live and run your business for such a low price!Downtown Resturants, Shopping & Lake literally at your front door Also ideal for part time use..and perfect Airbnb set-up! Could be great revenue stream..includes your own parking spot plus shared waterscape courtyard . Low strata fees.Vacant (id:20794)

#C/O 1685 Pandosy Street,… $179,995.00

MLS #: 10184517

British Columbia

$179,995.00

#C/O 1685 Pandosy Street,… $179,995.00

Profitable Independent Convenience store – turn key operation for sale. Top of the line Coolers and Equipment, Counters and Racking. ATM recently installed. 2 POS stations with touch screen terminals with customer facing screen. Fantastic location, with exclusivity to Landmark 3, 4, 5 and 6 in high density and growing location with no competition. Fully wired with CAT5, ROKU TV for marketing, Top of the line 5 camera security system with remote in, backroom with fridge, bathroom, kitchen, proper mop sink, and tons of racking. Business has consistently grown daily with no signs of slowing down. Price does not include inventory. A Non-Disclosure Agreement required for confidential information. Contact Business Finders Canada for a full marketing package. (id:20794)

#12 1771 Cooper Road,… $350,000.00

MLS #: 10184791

British Columbia

$350,000.00

#12 1771 Cooper Road,… $350,000.00

Unique business opportunity! Hardcore Archery is a full-service archery store complete with a large indoor shooting range attached! It is the most recognized archery store in BC and is known all over Western Canada. The store offers service, sales and archery practice, classes and group functions. The shooting range is one of a kind in BC and could easily be expanded to gun use. There is also the potential for subleasing the shooting range. The sales portion of the store offers a large selection of bows and accessories. The service department is one of few in BC that has certified staff to service all kinds of bows. Please note, inventory is not included in the price. This is an excellent opportunity to run an already established, reputable business! (id:20794)

3489 East Kelowna Road,… $3,499,900.00

MLS #: 10150013

British Columbia

$3,499,900.00

3489 East Kelowna Road,… $3,499,900.00

CAMELOT VINEYARDS. Full “vine to bottle” turn key, established winery in beautiful East Kelowna. 5 acres, with approx. 4 acres planted to Pinot Noir, Pinot Gris, Riesling, Gewurztraminer. Currently producing 1000 cases, has done 6000 in past with the addition of non-estate grown Chardonnay (award winning) and Merlot. Lovely 3-4 bedroom, 3 bath home PLUS guest cottage, both overlooking the vineyards. Modern (2007) production facility with quaint visitor tasting room and outside picnic tables. Part of the “Fab Five Wine Trail” tours, encouraging visits to experience Camelot, and the other 4 wineries in this immediate area. Consistently increasing revenues, with additional income avail from weddings, tourist accommodation, etc. This is the dream! (id:20794)

426B Bernard Avenue,… $108,000.00

MLS #: 10162609

British Columbia

$108,000.00

426B Bernard Avenue,… $108,000.00

Excellent location for a small cafe or restaurant in the heart of downtown. Close to Prospera Place, the Kelowna Library, RCMP detachment, law offices and small businesses, this family-run establishment serves excellent 5-star Google-rated breakfast and lunches to the downtown core. With an attractive lease and low triple net in place until 2020, this turn-key business is your opportunity to get in early before the condo developments and downtown Kelowna area really start to boom. With the high-rise condos going up among other residential developments, this is your opportunity! (id:20794)

270 33 Highway, W… $159,900.00

MLS #: 10172788

British Columbia

$159,900.00

270 33 Highway, W… $159,900.00

Heart & Sol Tours has been leading the way in the Okanagan with their fully customizable sightseeing & Wine Tours. This profitable turnkey operation is perfect for someone looking to own and operate their own business. Contact us today for more information. (id:20794)

150 Campion Street,… $99,000.00

MLS #: 10169206

British Columbia

$99,000.00

150 Campion Street,… $99,000.00

KISS Auto Repair is a turn key auto repair shop that has been in business for over 30 years with a long list of loyal customers. The business comes with an amazing monthly lease of $1700 for the 2000 square foot shop, including all tools and machines. It is time for the owner to retire so this is a perfect opportunity for any auto mechanic to walk in and take over the established business. Book your private showing today!

#145 2463 97 Highway, N… $69,000.00

MLS #: 10173737

British Columbia

$69,000.00

#145 2463 97 Highway, N… $69,000.00

Turn key business opportunity located in prime strip mall with ample parking. Inner Sol tanning salon features 5 private tanning rooms, 4 stand-up booths and a Hydro message bed, providing the clients with the most relaxing environment that modern technology can provide.

1191 Gordon Drive,… $10,500.00

MLS #: 10173147

British Columbia

$10,500.00

1191 Gordon Drive,… $10,500.00

Busy dog grooming business in a great Kelowna North location. Turnkey opportunity for someone who wants to own their own business. As the downtown continues to grow, so can this business!

#108 108 – 1289 Ellis Street,… $125,900.00

MLS #: 10173834

British Columbia

$125,900.00

#108 108 – 1289 Ellis Street,… $125,900.00

Owner operated manufacturing business; currently runs as a wholesale concern. Easy to add a revenue stream and retail element. Owner will train and set Buyer up for success. Must fill out an NDA for further information.

#c/o 100 1553 Harvey Avenue,… $1,250,000.00

MLS #: 10175134

British Columbia

$1,250,000.00

#c/o 100 1553 Harvey Avenue,… $1,250,000.00

Successful, upscale grocery business for sale, includes assets, equipment & goodwill. Well established business has operated for many years at its current location. Store specializes in groceries, produce, dairy, fresh baked goods, gluten free items, vitamins, spices, bulk foods, and meat products. High profile location, with over 24,000 households within 15 mins This turn-key grocery store is operational, fully fixtured and ready to go for an entrepreneurial-minded hands-on owner-operator. Revenues and discretionary earnings are stable and strong. Monthly sales consistently close to $150,000/month. Potential for solid net income. 3-years remaining on the existing lease and a further 5-year renewal term at market rents. Inventory is at an additional cost over the purchase price. Current owner willing to provide training and support. Confidentiality is mandatory, name and address of this upscale grocery will be released with a signed confidentiality agreement (attached to the brochure).

#C/O 108 1980 Cooper Road,… $139,000.00

MLS #: 10175324

British Columbia

$139,000.00

#C/O 108 1980 Cooper Road,… $139,000.00

Easy to manage small business in Kelowna. This coffee shop is located steps from the beach in a tourist-heavy area of Lower Mission. With a newly renovated space and updated equipment, this small business has tons of potential. Increase revenues throughout winter by adding catering or baked goods delivery. Long term lease in place and amazing loyal part-time staff on hand. For more details and location, please request an NDA. Photos are not of the actual business. Measurements taken from lease agreement and should be verified by Buyer if important. (id:20794)

426B Bernard Avenue,… $139,000.00

MLS #: 10173166

British Columbia

$139,000.00

426B Bernard Avenue,… $139,000.00

Location! Location! Location! This longstanding turnkey restaurant on the Robson of downtown Kelowna is ready for you to takeover and expand or make it your own concept. Located steps away from the already started Brooklyn Condo Development, here you’ll get the best (tourist) foot-traffic possible in Kelowna. This eatery has a full commercial kitchen, liquor license in place, and can expand seating to the patio to take advantage of the warm Kelowna weather. Inside seats over 40 with reserved parking and loading area in the back. Loads of potential. Get in early!

#c/o #100 1553 Harvey Avenue,… $35,000.00

MLS #: 10176151

British Columbia

$35,000.00

#c/o #100 1553 Harvey Avenue,… $35,000.00

COMFORT KEEPERS KELOWNA FRANCHISE OPPORTUNITY FOR AN ENTREPRENEURIAL-MINDED OPERATOR FOCUSED ON IN-HOME SENIORS CARE – Exceptional opportunity to acquire the local Comfort Keepers franchise covering Kelowna, West Kelowna/Westbank and Lake Country. Comfort Keepers provides a wide variety of customized in-home care services and solutions including in-home care, respite care, end-of-life care, nursing services, interactive care-giving, Alzheimers disease & dementia care, and transitioning home services. Comfort Keepers business model and continued support have helped grow their system to over 50 home care franchises in Canada, and 800 internationally. The Canadian Franchise Association recently recognized Comfort Keepers Canada with the CFA Award of Excellence and they are consistently recognized with the CFA Franchisees Choice Award. Comfort Keepers Canada is also very supportive of their franchisees and provide an abundance of resources and support to help grow their business.

2890 Highway 97 Highway, N… $2,499,000.00

MLS #: 10176716

British Columbia

$2,499,000.00

2890 Highway 97 Highway, N… $2,499,000.00

For Sale – M & M Performance Land & Buildings. 6200 sq ft building (show room, parts, customer service areas), Highway 97 location, high traffic area, 0.67 acre corner site with easy access both North & South. For more information please call Tony Sprovieri at Royal LePage Kelowna 250-878-7811 (id:20794)

#201 150 Campion Street,… $399,000.00

MLS #: 10177182

British Columbia

$399,000.00

#201 150 Campion Street,… $399,000.00

New Holland agricultural dealership. Specializing in tractor sales and service, hay and foraging, harvesting, crop production and material handling equipment. Purchase price does not include parts inventory or whole goods. Call Tony Sprovieri at 250-878-7811 (id:20794)

#c/o 100 1553 Harvey Avenue,… $1,500,000.00

MLS #: 10177488

British Columbia

$1,500,000.00

#c/o 100 1553 Harvey Avenue,… $1,500,000.00

Award winning Kelowna area Landscaping, Commercial/Residential Cleaning and Snow Removal companies has come to market. This is an amazing opportunity for a seasoned vet to own and operate this very profitable turn key operation. All three divisions have highly skilled management and employees in place. This has created a very vested and strong work atmosphere within the core company team. This is a confidential listing and qualified Buyers will need to complete the NDA before any information is released. Proudly marketed by Carlo Giusto of Kelowna Business Brokers and RE/MAX Kelowna. (id:20794)

#C/O 100 1553 Harvey Avenue,… $87,000.00

MLS #: 10177582

British Columbia

$87,000.00

#C/O 100 1553 Harvey Avenue,… $87,000.00

MARKETED BY MCL REAL ESTATE GROUP – Is excited to offer a state of the art fitness facility for sale including assets and equipment. This is an established facility with a good client base in the Central Okanagan. The facility specializes in one on one training, small group training and fitness classes. Programs are customized to meet clients fitness goals and levels in bootcamp, weight train, power lifting, spin, yoga and lifestyle coaching. Facility is clean and has a great atmosphere for working out. Confidentiality is mandatory, name and address will be released with a signed confidentiality agreement. For more information on this outstanding entrepreneurial opportunity contact Nate Flavel of the MCL Real Estate Group at 250 979 8310 or nate@mclrealestate.ca (id:20794)

#c/o #100 1553 Harvey Avenue,… $175,000.00

MLS #: 10179187

British Columbia

$175,000.00

#c/o #100 1553 Harvey Avenue,… $175,000.00

Marketed by the MCL REAL ESTATE GROUP – HIGHLY SUCCESSFUL BEFORE & AFTER SCHOOL DAYCARE BUSINESS IN THE CENTRAL OKANAGAN – Over $60,000 per year normalized net income. Current waitlist extends until 2022. Premier location with potential opportunity to expand. Very favourable lease rate. Inquire for more information! For a personal tour contact Kris McLaughlin, CCIM @ 250.870.2165. (id:20794)

c/o 1470 Harvey Street,… $149,000.00

MLS #: 10180464

British Columbia

$149,000.00

c/o 1470 Harvey Street,… $149,000.00

Great profitable business opportunity, busy location. Assets of Japanese Restaurant For Sale. Please Contact Listing Agent for more information Bill Raine 250-870-6210 williamraine14@gmail.com (id:20794)

1140 Harvey Avenue,… $298,000.00

MLS #: 10180256

British Columbia

$298,000.00

1140 Harvey Avenue,… $298,000.00

Proudly Marketed by Bill McKay and the Welcome Home Team Thriving Turn Key Franchise Restaurant in a fantastic central location. Surrounded by Hotels with access direct from Hwy 97 and combined with strong Franchise support, this 150 seat licensed family restaurant provides great opportunity for someone looking for a new challenge. Fresh $125,000 interior renovation done in Oct 2016 with several new pieces of equipment added. Solid regular clientele. Contact Bill McKay for details 250-300-9366 or email bill.mckay@c21.ca (id:20794)

#B 426 Bernard Avenue,… $695,000.00

MLS #: 10180467

British Columbia

$695,000.00

#B 426 Bernard Avenue,… $695,000.00

Amazing family-friendly FRANCHISE restaurant opportunity in Downtown Kelowna right on Bernard Avenue. Just a short walk to the lake with a spacious outdoor patio for your customers during those tourist-heavy Okanagan summers. Liquor license already in place and an outstanding newly-negotiated 10-year lease for downtown; with two additional 5 year-term renewal options. This establishment is in the Top 10% of Kelowna Trip Advisor rated restaurants; Food Network recognized; and has over 200 positive reviews on Google. With 10 years of financials to back, great management staff and systems in place, you’ll be completely set up for success. *NDA required prior to release of detailed information; listed address is not actual business address, photos are generic. For more info and photos or to set up a showing, contact: JP@LetnickEstates.com or Chris@LetnickEstates.com (id:20794)

130 Rutland Road, S… $99,000.00

MLS #: 10180667

British Columbia

$99,000.00

130 Rutland Road, S… $99,000.00

Proudly presented by Bill Raine PREC. Here is a great opportunity to purchase the assets of an established Chinese restaurant in Kelowna. The restaurant is in a great location. Great lease rate available for a new 5 year term. Give Bill Raine (250)870-6210 a call today for more information. (id:20794)

#108 1289 Ellis Street,… $399,000.00

MLS #: 10180702

British Columbia

$399,000.00

#108 1289 Ellis Street,… $399,000.00

High grossing/high volume and profitable Health oriented business, w/growth potential. Established franchise opportunity in prime location. 11 year franchise agreement available. You do not want to miss this! NDA required. Be your own boss! Proudly presented by Marnie Perrier, Coldwell Banker Horizon Realty. Call Marnie today 250.212.8552 for more information on this fantastic business/life style opportunity. marnie@marnieperrier.com (id:20794)