In Quebec, a trend is quietly but powerfully accelerating: that of takeovers . Rather than starting a business from scratch, many entrepreneurs today choose to take over an existing company . Why? Because this model combines stability, profitability, and immediate growth potential .
In this article, we explore:
-
What is entrepreneurship?
-
Why it attracts a new generation of entrepreneurs
-
Concrete advantages compared to traditional startup
-
How platforms like TRNSFR facilitate this transition
What is entrepreneurship?
Entrepreneurship involves buying an existing business —often an SME—to ensure its continuity, growth, or redeployment. It is an entrepreneurial model in itself, increasingly recognized as a fast track to wealth creation .
With nearly 50,000 Quebec businesses looking for a successor within five years, this market is rich in opportunities. And according to data from Repreneuriat Québec, 87.5% of transferred businesses survive more than five years , a higher rate than that of start-ups.
Why entrepreneurs are turning to takeovers
-
✅ Quick start
-
No need to build a customer base: the company already has revenue, employees, and processes in place.
-
-
💼 Access to concrete assets
-
You often take over a client portfolio, an established brand, equipment, recurring contracts.
-
-
📈 Immediate growth potential
-
Most businesses up for sale haven't yet reached their full potential. They need a breath of fresh air, capital, marketing, or structure.
-
-
🧠 Less risk than a startup
-
You can analyze financial statements, profitability and reputation before committing.
-
-
🕓 Save time
-
A functioning business allows you to focus on innovation and optimization, rather than surviving the first 24 months.
-
Taking over a business: for whom?
Entrepreneurship is increasingly attractive:
-
Professionals in retraining who want to become their own boss
-
Experienced managers who want to run a business without going through the start-up process
-
Immigrant entrepreneurs looking for a viable and local project
-
Growing companies that want to expand by purchasing a competitor or a strategic complement
Entrepreneurship is not a copy of startup
Contrary to popular belief, taking over a business does not mean "buying and continuing as before". The buyer is often a visionary , who adds:
-
A new digital boost
-
A better organizational structure
-
An opening to new markets
-
A modernization of the brand or the offer
TRNSFR: a gateway to entrepreneurship
It is in this context that TRNSFR stands out as a modern and accessible solution. The platform allows:
-
To explore businesses for sale in different sectors
-
Evaluate the value of a company for free with smart tools
-
To structure the transfer file (financial, legal, marketing analysis)
-
To gain visibility as a buyer or seller
-
To negotiate and conclude with the help of a network of expert partners
TRNSFR is designed to make takeover accessible, concrete and secure , for both the buyer and the seller.
Conclusion: Entrepreneurship, a solution for the future
In an economic context where succession is essential to the vitality of our SMEs, business acquisition is not just an opportunity: it is a sustainable development strategy for the Quebec economy. It allows existing businesses to survive, transform, and prosper in good hands.
