Business Owner Update - Friday March 27, 2020
Today the Federal Government and Bank of Canada finally...
LATEST STORIES For Today's News From Around the Web..
New Business for Sale listed in A-8888, Strathmore
Posted on February 20, 2015 by Rob Campbell
Posted in: A-8888, Strathmore Real Estate
Here is a New Business Listing at #address. If you would like further information or a tour of the site please call me at (403) 259-8210 #.
**PLEASE DO NOT SPEAK WITH THE TENANT OR THE CUSTOMERS** This is a solid concrete block building that used to be a bank, it still has the vault in it! Located on the old main street in Strathmore, this is a solid investment, in a building that is built to last for years to come. The building is in excellent shape, and the furnace was just replaced. There is lots of parking at the back of the building, for staff and customers. The current tenant is on a month-to-month lease agreement, they can stay or the seller can provide vacant possession for the new owner. This is a great building for an owner operator to put a business into or lease it out and stay as a landlord. Call for a private tour of this solid investment property!
Suggested Blog Articles
For employers, we are getting more detail on the payroll subsidy:
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
Here is a new listing that I am happy to post at 64 7930 Bowness RD NW in Calgary.
Land, Bldg & Business for Sale – This has been a family owned Butcher & Retail Meat business for 50yrs, known for Old World European tradition, custom butchery and wild game processing for hunters. The 2000+/- sqft bldg has a 700sqft basement. In 2005 there was a full retro fit of the space including floor drains, plumbing, heating, natural gas, electrical, ducting, lighting, ventilation, flooring, roofing(insulation, tar & skin) refrigeration, compressors, evaporator coils, windows and more! The smokers have 50 yrs of smoke patina, not something you can find anywhere else in Calgary. This is a fantastic opportunity for an existing butcher to expand or for a young Chef to start a great specialty business. So much history to leverage, and so much potential to build something unique that could service both the wholesale and retail consumer.
Here is a new listing that I am happy to post at 108 8400 Blackfoot TR SW in Calgary.
Drift Spa is a chic, comfortable Nail and Day Spa located in South Calgary at the Meadows Mile on Blackfoot Trail, surrounded by Calgary’s most exclusive automotive dealerships. It was built with comfort and style in mind, the contemporary touches and colors are very nice. The finishing’s are all top of the line and it shows throughout the space. The space could be redesigned to provide a wider variety of Spa & Esthetics services, including Facials, Hair Removal, Laser treatments etc, and would do well with a solid Hair Styling program as well. There is also a café/coffee bar on site.