Is it Worth to Purchase a Restaurant in the Troubling Times of COVID-19? In recent times, the business sector has been impacted significantly by the spread of COVID-19. Many businesses have been closed while many businesses have been opened for take out and delivery to make sales. Profits will be made and they will be lost. It is a cycle and it continues to move on. If you want to purchase a restaurant, you should know that you will gain nothing by acting like a panic stricken... [read more]

Selling Your Business in Toronto: Tips to Increase Your Price It is 2020 and after years of efforts and hard work, you have decided to sell your restaurant. Maybe you want to open a new business or just retire. Whatever your reason is, selling your restaurant is not going to be an easy process. After all, it requires detailed preparation, careful planning, and a strong strategy.  Here are some tips you should consider to help facilitate the sale of your... [read more]

Pausing Commercial Evictions Legislation Passes The Ontario government passed the Protecting Small Business Act, temporarily halting or reversing evictions of commercial tenants and protecting them from being locked out or having their assets seized during COVID-19. The legislation applies to businesses that are eligible for federal/provincial rent assistance for evictions from May 1, 2020 until August 31, 2020. Landlords and tenants are encouraged to participate in the Canada... [read more]

Preparing To Open A Restaurant Business Here are eight steps for maximizing your chance of success when you bring your dreams to life and open a new restaurant. 1. Create a business plan Every new business needs a business plan - at least if you want to be successful! This is your blueprint for how your business will run, from cash flow and budgeting to day-to-day operations and beyond. You can find plenty of good business plan templates online to get you started. 2. Define your... [read more]

Canada Emergency Commercial Rent Assistance The Canada Emergency Commercial Rent Assistance initiative has been introduced by the Canadian Federal Government to provide relief for small businesses impacted by the COVID-19 pandemic. Here’s what you need to know. What is Canada Emergency Commercial Rent Assistance? Canada Emergency Commercial Rent Assistance, or CECRA, offers unsecured, forgivable loans to eligible commercial property owners. This allows them to reduce the rent... [read more]