Obtaining financial information on a franchise
One of the things that might encourage someone to buy a franchise are expectations about earnings associated with a particular franchise location. It makes sense as a buyer that you would want to see projections for your location based upon the actual performance of other franchise locations (ideally, other stores that are similar to the […]
Non-competition clauses- what are they and why do I need one?
In a purchase agreement, purchasers will often want to negotiate a covenant with the vendor limiting the vendor’s ability to compete with them after closing in a similar business. If you are buying a bakery, you don’t want the vendor opening up shop a few doors down the street after the closing. If the vendor […]
Buying a business
This blog is being set up to discuss interesting business issues and legal issues as they relate to small business in Ottawa. I thought I’d start with some comments on buying a business.
If you are interested in purchasing an existing business, you might be working with either a real estate agent or a business broker. […]
