FAQ
Questions owners and buyers ask
Short, honest answers.
How long does it take to sell a business in BC?
It varies a lot. Preparation can take months, and once a business is on the market, finding a buyer and closing often takes several more. A well prepared business with clean books usually moves faster.
What is my business worth?
It depends on earnings, risk and the market. Smaller businesses are often discussed as a multiple of SDE and larger ones as a multiple of EBITDA. BDC cites roughly 3 to 6 times EBITDA for many Canadian small and medium sized businesses. See the value page.
How do I keep the sale confidential?
Buyers see an anonymous summary first and sign a non disclosure agreement before they learn your name or see your numbers.
Should I sell assets or shares?
It depends on tax, liabilities and contracts. Buyers often prefer assets; sellers often prefer shares. Your lawyer and accountant should lead this.
Can I use the lifetime capital gains exemption?
Possibly, if you sell qualifying small business corporation shares. The CRA lists a limit of $1,275,000 for 2026. Check eligibility with your accountant.
What happens to my lease?
In an asset sale it usually needs to be assigned with landlord consent. In a share sale it stays with the company, though some leases have change of control clauses.
When should I tell my staff?
Usually later in the process, once a deal is firm, and planned together with the buyer. Every situation is different.
Do I need a licensed agent to sell my business?
In BC, helping someone sell a business for pay can require a real estate licence, especially where a lease or land is involved. See the BCFSA consumer guide.