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March 30, 2020
Covid 19 Payroll Subsidy Info
For employers, we are getting more detail on the payroll subsidy:
https://www.singleton.com/2020/03/co...
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Rob Campbell - RE/MAX Real Estate (Central) : Blog : Latest Blog Posts

March 30, 2020
Covid 19 Payroll Subsidy Info
For employers, we are getting more detail on the payroll subsidy:
https://www.singleton.com/2020/03/co...
More...
Business Owner Update - Friday March 27, 2020

Business Owner Update - Friday March 27, 2020


Today the Federal Government and Bank of Canada finally...

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Here Is A New Listing That I Just Posted At Calgary


Here is a new listing that I am happy to post at Calgary.

Wow! Great profitable pub in...

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COVID 19 - The Emerging "Stress Factor"

In talking to many of you this week, the number one emerging issue is stress.   The rapid...

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Misura Berteit & Associates - Resources for Businesses during COVID-19

We at Misura Berteit & Associates understand that the events of the last few weeks have left a lot...

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LATEST STORIES For Today's News From Around the Web..

I have Just Listed a new Japanese Restaurant for Sale in Calgary

Smack in the middle of one of Calgary's most vibrant and active communities, this cozy Japanese restaurant is just waiting for a new owner to take it to a new level. The current owners built the restaurant out from new, and have run it for the last 8+ years very successfully, and to great reviews. There is lots of surrounding food and beverage locations, so this means that there is an abundance of foot traffic. There is a great opportunity to open for lunch, which the current owner does not do at the moment, because of other business commitments.

The Kitchen is small but very well equipped and it has no problem keeping up with the 48 seats. The patio is great and a favorite with regulars and the local business crowd that frequent the establishment. You can either keep the current business model of Japanese/Sushi,...

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I have Just Listed a new property at Calgary.

This funky little coffee house is ready for you to bring your ideas and kick start it!

Lots of square footage for great rent is the foundation of this cool, eclectic business. It consists of the coffee house, a little retail section and a seating area for meeting, reading, working or just hanging out.

The menu has a good selection of baked goods, fresh made sandwiches & Panini’s but it could be expanded past the current offerings to really make a name in the local community. There are lots of surrounding businesses for the lunch trade and the local neighborhood is very receptive and they embrace the local fare.

Please call or email me if you would like more information or want to set up a tour of this great business.

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I have Just Listed a New Restaurant For Sale in Trochu AB
This is an opportunity to live the "small town life" and run a great restaurant. This is a very well established family restaurant in the town of Trochu, in Southern Alberta, about 90 minutes from Calgary. The area is primarily an Agricultural hub, with lots of other businesses that support the Agriculture and local Oil & Gas industry as well. Lots of regulars and travelers going through on Highways 27 & 21 stop for lunch and dinner. One of the best features of this business is the $2,000 +gst monthly rent, which includes a 1400sqft living quarters. The apartment is 3 bedrooms and a full 4pc bathroom for the owners to stay in. The kitchen is well equipped and is in very good repair, and has no trouble servicing this 2000sqft, 96 seat restaurant and patio. Please call me if you would like further details or if...
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I have Just Listed a Restaurant For Sale in Eckville at 5014 50 ST in Eckville, AB.
Unbelievable value ! Building, equipment and a great reputation all for this low cash price. Your dream to own your own business and 2 bedroom suite living quarters for less then most houses. This newly renovated 1500 sq ft fully licenced 55 seat establishment is ready to go. Don't want to buy right away ... then ask about an Optional lease for $2500 per month with first right of refusal option to buy. Seller financing maybe considered with sufficient cash down payment OAC.Current décor and theme is Italian Bistro. GST is extra.
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I have Just Listed a Restaurant & VLT Sports Lounge With VLT's For Sale in Calgary.

A great chance to buy a newly renovated full service restaurant & sports lounge with VLT's.

This is a full service restaurant that has had a full makeover, the lounge has been renovated as well and it has 7VLT's. The kitchen has a great layout and is set up for volume. The washrooms are considered to be common property so you are not responsible for cleaning or the paper products, which is a big plus!

The sales are on a good increasing trend and the potential for the lounge is fantastic. This is an awesome opportunity for a family or young couple.

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I have Just Listed a Calgary Italian Restaurant For Sale
 

Looking for a great “Mom & Pop” style restaurant… then this is the one!

You need to have a look at this great NW location that is surrounded by lots residential housing and commercial businesses. It is known for great pizza and pasta dishes, and friendly traditional service.

The kitchen has all the standard equipment and there is a good amount of dry storage and refrigeration. You can keep the current theme or bring your own concept and make it your own.

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I have Just Listed a Restaurant & Nightclub for Sale in Calgary at Listing #156.

If you are looking for a business that will double as a great restaurant and a very nice little nightclub, then you can stop looking!! This very stylish room functions as a beautiful daytime lunch venue for the surrounding business crowd in the neighboring downtown office towers. Then it converts to a very trendy nightclub on the weekends.

Built very well and with a great sense of style, this room has huge potential for the right buyer. A full kitchen, complete sound system, nice furniture and decor make this a straight move in and operate kind of opportunity. There is TONS of parking across the street for the night time crowd and office towers completely surround the site for lunch business.

Call me for a private tour of this great facility.

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I have Just Listed a new property at Listing # 187.

MUST SELL THIS PUB WITH 9 VLT’s IN SOUTH CALGARY!

The chance to get into a large facility with lots of seats and a fantastic kitchen are rare, but to do this in the South of the City with 9 VLT's is even rarer!

This is a well-known restaurant and lounge with a long history in the community. They have one of the best pizzas in town and there is lots of room to increase business. There are a number of other interesting points about this business so give me a call to get the full package.

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Suggested Blog Articles

Top 5 Employer Options During The Coronavirus Pandemic
Kim Nutz of Sunstone Legal provides a list of the Top 5 Employer Options During The Coronavirus Pandemic for Alberta employers
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Covid 19 Payroll Subsidy Info
For employers, we are getting more detail on the payroll subsidy:
https://www.singleton.com/2020/03/covid-19-the-canada-emergency-wage-subsidy/
  • $847 per employee per week or 75% of up to $58,700 salary, whichever is less
  • Still retroactive to March 15 (so far)
  • Expectation is that you don’t cut employee wages
  • Business must demonstrate/prove a minimum revenue loss of 30%
  • Federal government will be introducing severe penalties for abuse of the program
  • Application process expected to be announced within the next 2 weeks
  • No limit on business size

For those who were considering using the job-sharing option, this is now, for most businesses, a better option.


Next Steps:  I have started building detailed 90-day business financial plans for some of you.  This provides a specific list of actions based on your own financial P&L statements that includes estimating the impact of using the government programs and includes a list of other actions you can do to help your business weather the storm.  If any of you are interested in having this done for your business, contact me.

 

If any of you will need a business loan to survive a prolonged event, but would not otherwise qualify for a loan, there is money available from the government.  https://www.bdc.ca/en/pages/special-support.aspx.  


Small businesses with a payroll between $50K to $1M should look to the Canada Emergency Business Account https://www.canada.ca/en/department-finance/news/2020/03/additional-support-for-canadian-businesses-from-the-economic-impact-of-covid-19.html  As described in my emails last week, this if interest-free, $40,000 where you can be forgiven up to $10,000 if you pay it back before the end of 2022.


Here is a description of the application process and the questions you will likely be asked https://www.krp.ca/lending-rules-for-bdc-covid-19-relief-program-take-shape


This is the last week you have to re-plan your businesses for the next 2-3 months to stay in front of the situation.  If you don’t know what you need to be doing and how much of it you need to be doing, please contact me.   I want to see you all survive this event as best as possible!


Next 2 weeks, the focus will need to shift to full-implementation of that plan and start looking for short-term business opportunities with customers who are less impacted by COVID-19.  This is a very tactical that looks a lot like war-time situation management.   Even with a plan, the situation going forward will be fluid (some good, some bad).


Later in April,  your planning will need to focus on re-positioning your businesses to be ready to sling-shot out of this event! 

 

Please continue to pay strict attention to all of the hygiene/safety recommendations and emotional/mental health issues discussed here over the past two weeks!   Let’s do everything we can to keep our employees, customers, suppliers an colleagues healthy so we can all get back to work faster!


Pete Baran                           |       403-973-3531
Chief Business Mechanic  |       Blueneck Consulting Inc.
www.blueneck.ca

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Here Is A New Listing That I Just Posted At Calgary


Here is a new listing that I am happy to post at Calgary.

Wow! Great profitable pub in North Calgary with 4 VLT's

Lots of regulars with easy access to Deerfoot and McKnight Blvd. Located in a newly renovated shopping area with lots of parking. VLT's cover the lease, delivery and sales contribute to the net profit. Owner is retiring. Shows very well, book a showing today!

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Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.