If you’re looking for a business for sale in Toronto or anywhere in Ontario, you’re at the right place. Here are some places you should look at:
Realtor is one of the best sources to find retail businesses for sale in Toronto or Ontario in general, as that’s where they first pop in once they hit the MLS. However, keep in mind that this is only for retail stores.
Contacting or physically visiting commercial areas and business districts in Ontario can allow you to spot businesses with “For Sale” signs. You can contact the Ontario BIA, which controls all the different BIA’s across the province and the different districts of Toronto.
Platforms like BizBuySell, BusinessesForSale, Kijiji and BizQuest are dedicated to listing businesses for sale. You can search by location (in this case, Ontario) and various industry categories. These platforms often provide detailed information about the businesses, financials, and contact details for sellers or brokers. Flippa and Empire Flippers are also great sources to find online businesses for sale, such as e-commerce or dropshipping stores.
Websites like LoopNet and CommercialCafe primarily focus on commercial properties, including retail spaces, office buildings, and industrial properties. Sometimes, these listings may include businesses with physical locations. You can narrow down your search by specifying “businesses for sale” or “business properties.
Business brokerages specialize in assisting with the sale of businesses. Research brokerages that operate in Ontario and have a good reputation. Contact them to express your interest and provide them with your criteria. They can connect you with businesses that match your preferences.
Check the websites of industry associations and local chambers of commerce in Ontario. They often have business directories or resources sections where businesses for sale might be listed. Reach out to these organizations and inquire about any available opportunities.
Websites like Kijiji and Craigslist have sections for businesses for sale. However, exercise caution and thoroughly vet any opportunities you find, as listings on these platforms might not always be verified or regulated.
Attend industry events, conferences, and local business networking groups in Ontario. Networking can provide you with insights and potential leads on businesses that are looking to be sold. Leverage your professional connections and ask for referrals.
Local business newspapers, magazines, and online publications often feature advertisements or articles about businesses for sale. Keep an eye out for classified sections or business-related features that highlight opportunities.
Use search engines like Google to search for specific keywords related to businesses for sale in Ontario. You might come across listings on various websites, blogs, or forums. For example, if you are looking for a restaurant for sale, type a query like “restaurant for sale in Ontario” and see what comes up. You can filter the results by date, to show only the ones that came up in the last month for instance, if you want to get the most up-to-date results.
Join business-related groups and forums on platforms like LinkedIn, Facebook, and Reddit. Participate in discussions and ask for recommendations on businesses for sale. Members might share their own listings or refer you to potential opportunities.
Reach out to business brokers and intermediaries directly. They have insights into businesses that are currently on the market and can provide you with information about available opportunities that match your criteria.
Check with local economic development agencies, small business centers, or government websites. Some municipalities provide resources for businesses looking to sell or transition ownership. They might offer listings or information about business opportunities.
Remembet: it’s important to conduct thorough due diligence, including financial analysis, background checks, and legal reviews, when exploring any potential business opportunity. Consulting with professionals such as business advisors, attorneys, and accountants is highly recommended before making any purchase decision.
Here are some tips to help you navigate the process and increase your chances of finding a suitable business to buy in Toronto or Ontario:
Remember that buying a business is a significant decision with long-term implications. Take your time, gather as much information as possible, and seek advice from professionals. The right business for you should align with your goals, skills, and financial capacity while offering growth potential and a solid foundation for success.
At Little Dragon Media, we have helped hundreds of businesses in Ontario and beyond improve their online traffic and sales through cutting-edge strategies like Google Ads Management, SEO and UX Design. Contact us today if you need a strong marketing partner for your newly acquired business.
Tech Entrepreneur, Author, and CEO of Little Dragon Media. Passionate about entrepreneurship, philanthropy, digital marketing, blockchain, health & nonprofits.