Metro Business Opportunities (MBO) Business Valuation and Succession Planning
$7,500.00
Grant
Description:
The Business Valuation and Succession Planning is available for commercial businesses in St. John’s/Mount Pearl area. Professional valuators will be engaged directly by CBDC and small businesses in rural communities to estimate the economic value of an owner’s interest in a business in order to help businesses determine the sale price of an existing business.
Comments on Funding:
Funding is a contribution of 75% of eligible costs to a maximum of $7,500.
Continuous Intake
Eligibility:
Applicants must:
1. be small businesses operating in St. John’s/Mount Pearl area, that are actively preparing to transfer ownership of the business;
2. be businesses in good standing with CRA, ACOA and Government of NL;
3. work with a qualified consultant;
4. agree to share the opportunity on businessatlantic.ca.
Application Steps:
Applicants must:
1. contact the CBDC personnel for further details,
2. pay an application fee of 3%, to a maximum of $300.
Documentation Needed:
For details about documentation requirements, applicants must reach out to Metro Business Opportunities team through:
Phone: 709-738-1MBO (1626)
https://www.cbdc.ca/contact.
Other Things to Note:
About the author
Maurice