Canadian SMEs

Canada is home to one million small businesses. Two-third plan to sell their business in the next ten years. But more than half have no succession plan in place. The 'baby boomers' want to retire ...

Small and medium sized firms povide a major component of the Canadian economy. They contribute 45% of output and employ 60% of the workforce. Although over half of SMEs are located in Ontatio and Quebec, the surge in new firms over recent years has been in British Columbia and Alberta.

‘Baby boomers’ want to retire. Some even want to start a new business. But most want to transfer owership of their private business to someone else. This will create opportunity for ambitious entrepreneurs, keen to accelerate any organic growth with value-creating acquisitions.

Many entrepreneurs defer considering exit strategy as it is either emotionally difficult or financially uncertain. Packaging a business for sale and finding an appopriate buyer typically require the advice, skills and network of a corporate finance professional.

   
Sources: Canadian Federation of Independent Business, Statistics Canada

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