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Author Topic: Buying a small business in Vancouver  (Read 598 times)
Nadiva
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Posts: 1


« on: August 04, 2009, 03:13:30 pm »

Me and my partner are looking for some help or information regarding immigration issues!

We are currently living in Ireland and both of us wish to emigrate to Canada in the immediate future..

I'm 26, of Dutch heritage and my partner is 35 and English.
What we'd like to do is buy or franchise a small business in British Columbia , preferably Vancouver or Vancouver Island.
Lately we discovered a website called Businesses For Sale which featured extensive Canadian opportunities in the areas we were interested in moving to.

Now, having researched the main Canadian Immigration website CIC, the options of buying a business appear very limited unless you happen to have CDN $ 400,000 investment capital to
start with?
Many of the places for sale are already existing businesses such as Coffee Shops, Bistros and Lunchrooms and most were less than CDN $ 150,000 to purchase in full...
So is it possible to acquire a business like this from another country with the intention of emigrating to Canada and running it ourselves?
Neither me or my partner at present can accommodate the amount necessary to qualify for the Business Investor Program.

So we would appreciate any advice or help you can offer us!
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PMM
VIP Member
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Posts: 6570


« Reply #1 on: August 04, 2009, 03:29:37 pm »

HI

Me and my partner are looking for some help or information regarding immigration issues!

We are currently living in Ireland and both of us wish to emigrate to Canada in the immediate future..

I'm 26, of Dutch heritage and my partner is 35 and English.
What we'd like to do is buy or franchise a small business in British Columbia , preferably Vancouver or Vancouver Island.
Lately we discovered a website called Businesses For Sale which featured extensive Canadian opportunities in the areas we were interested in moving to.

Now, having researched the main Canadian Immigration website CIC, the options of buying a business appear very limited unless you happen to have CDN $ 400,000 investment capital to
start with?
Many of the places for sale are already existing businesses such as Coffee Shops, Bistros and Lunchrooms and most were less than CDN $ 150,000 to purchase in full...
So is it possible to acquire a business like this from another country with the intention of emigrating to Canada and running it ourselves?
Neither me or my partner at present can accommodate the amount necessary to qualify for the Business Investor Program.

So we would appreciate any advice or help you can offer us!

1.  The $400K is the investor class, where you have to have a net worth of $800K.
2.  The Entrepreneur class requires 2 years of business managerial experience plus a net worth of $300K.  Buying a small business/franchise will probably not allow you to emigrate.
3.  Your best bet would be to look into the BC PNP business Immigration.  http://www.aved.gov.bc.ca/provincialnominee/businessimmigrants/eligibility.htm

PMM
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FairWay
Newbie
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Posts: 6


« Reply #2 on: October 11, 2009, 12:06:23 pm »

Hi, Nadiva!

Just tried to send PM to you, but cannot because your box is full. Let me know when you clean it out.

Cheers,
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PDPCA
Newbie
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Posts: 5


« Reply #3 on: October 17, 2009, 01:16:16 pm »

Hi
I have a Bedding manufacturing business in North Vancouver ( The Business can be relocated) for sale ( due my health) and it is good for business immigrants. For more information please see our web page: www.pillow-cushion4u.com
Regards
David
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