Our seasoned business intermediaries support you from start to finish. We provide precise valuations, create comprehensive marketing materials, promote to a wide audience, and handle negotiations and due diligence for a smooth transaction when a qualified buyer is found.
There's no need to start from scratch. The best acquisition targets are businesses that already have solid sales and profits. You can rest assured knowing that any businesses for sale on our platform have already been vetted by us, so there won't be any surprises or hidden issues.
The first step to improving your business is understanding what it is worth today. One of the tools we provide is a scientific methodology proven to increase the value of business through a framework of assessment, action planning and accountability.
Our written guarantee, ensuring the utmost confidentiality for all your information.
We go over what you can expect in terms of service, and learn about your business and plans.
We analyze 3 years of financial statements and hundreds of market comparables.
Once you are satisfied with the valuation, we enter a formal engagement agreement.
We then draft a comprehensive Confidential Information Memorandum.
We advertise to millions of buyers, including our exclusive contacts using a blind profile..
When a buyer places an offer on your business, Chinook will facilitate all negotiations.
We will work with you to identify and collect all necessary infromation and documents.
Tell your brand's story
Ramon Ramirez was the selling agent for the business I purchased. He is a must-have contact for any business acquisition. He was exceptional to work with, bringing a wealth of experience, knowledge, and business contacts. The dealbuilder platform was also top notch.
We had the most satisfying experience dealing with Mike Lenz at Chinook. Very knowledgeable and will always guide you properly. Will be looking to once again deal with him for another venture. Trust Mike to sell or buy business and you will never go wrong.
Three Matts and the Business Dream
Once upon a time, in the picturesque land of Alberta, three distinct lives converged under the serendipitous banner of entrepreneurship. Unbeknownst to each other, three men named Matt embarked on a journey that would not only redefine their destinies but also weave a tale of coincidence, courage, and the Comox Valley.
Selling in 1-5 Years? Here are 8 Reasons You Need a Succession Plan Today
Having a succession plan in place when selling a business is crucial for several reasons, especially when you anticipate transitioning within the next 1-5 years.
We are more than just the leading business brokerage for Vancouver Island - we do things a little differently here. Above all else, we believe in helping people, truly helping people.
It’s not about “selling” businesses 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 the informed decisions that will support their life goals.
Can’t find an answer?
How long will it take to sell my business?
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 1 week to 18 months 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.
How do you keep the sale of my business confidential?
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.
How do you determine my business valuation?
Chinook 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).
Do you charge for the business valuation?
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.
How much does it cost?
Chinook charges an engagement fee of up to 1% of the asking price of each business. The engagement fee is fully deductible against any success fee owing to Chinook upon the successful sale of the business.
Why do we charge this?
Presenting a business to market requires a tremendous effort. Buyers require a comprehensive understanding of a business before submitting an offer. As Intermediaries, we facilitate this understanding by developing an informative Confidential Information Memorandum (CIM), which are typically 30-50 pages in length. While this engagement fee does not cover all of Chinook’s costs to prepare a business sale, it shows a commitment from our client that they are willing and ready to do the work required to achieve a successful sale.
For an example of a CIM, click here.