Fort McMurray is a small town in Alberta that is showing rapid growth over the last few decades. The town is currently populated by a little over 65.000 people, but it’s showing signs of becoming a boomtown with its rapid expansion. The Canadian government has agreed to turn large chunks of Crown land for residential expansion and construction due to the town’s rapid growth.
The town is first in the top ten of Alberta’s highest living cost locations, topping the list at $1,891, but the median after-tax salary is $4,041, which puts things in balance. The industry revolves around oil extraction and natural gas extraction.
The natural beauty and excellent career opportunities make Fort McMurray popular for new residents and business investors. Let’s take a look at how you can get a jump start on finding businesses for sale in Fort McMurray by using services provided by FindBusinesses4Sale.
Finding a business for sale in Fort McMurray
While small towns usually don’t represent a big business opportunity to investors, Fort McMurray is a bit different. The rapid growth it is undergoing, and the big-spending power of its residents is a big green light for most investors.
Now, understandably, the best way to get a jump start on your entrepreneurial endeavours in McMurray is to buy an already existing business. That way, you’ll have an established customer base, and you’ll avoid having to go step by step and potentially lose more money in the process.
All you need to do is figure out what type of business you think you’d be good at running and what businesses are currently for sale. The latter part could be an issue and a long process, but we’ll offer a solution by the end.
The Fort McMurray business market
Businesses in Fort McMurray primarily revolve around oil, natural gas, forestry, and tourism. Of course, there is also a strong service sector which includes marketing, restaurants, hospitality establishments, and other service industry standards that fit into a small town.
Finding a business niche in Fort McMurray shouldn’t be too hard to find with a bit of research. The town is pretty active and has an international airport, which is great for tourism. All that activity makes it an ideal base of operation for aspiring entrepreneurs.
Keep in mind that Fort McMurray had the highest rent and real estate prices out of all remote towns in 2006. It’s not your average remote town as it is very economically stable and shows no signs of stopping its development.
Independent businesses vs. franchises
Depending on your experience, you might be interested in getting an independent business or a franchise.
The difference between running these two types of businesses is quite significant. An independent business has its own thing going, and you’d have to consult the current owner about its day-to-day operations. Getting one puts all the decisions in your hands, and you are free to keep things the same, change things completely or just make a few adjustments in the way you intend to run it.
Franchises, on the other hand, have an established way of doing things. Once you purchase one, you’ll get detailed instructions on company policies and protocols.
There’s a lot less freedom to change things around, but there’s a lot more freedom in terms of time – you need to set it up. Furthermore, you are getting the power of a massive brand behind your establishment, and their reputation will help your business grow.
We advise you not to look at each of these as a better or worse option. Both business types can work for specific entrepreneurs, and you should figure out what would work for you specifically before making a choice.
How to find businesses for sale in Fort McMurray
The traditional way of searching for businesses just doesn’t work in the modern business environment. It’s especially true for entrepreneurs and investors interested in running businesses in remote places like Fort McMurray. Going through the local listings and finding a business that suits your needs is a painstaking process. Furthermore, due to the remote location of Fort McMurray, it is often highly inefficient to inspect each potential business personally.
FindBusinesses4Sale offers an alternative to this as our business listings are very detailed and provide aspiring
business owners with all the information they need to make a decision. All details are screened, and listings need to
pass the check to get published.
By using our online business listings, you’ll be able to find new business purchasing options in no time at all and
without ever leaving the comfort of your home or office.
Buy a business in Fort McMurray
If you are searching for a streamlined approach to finding and buying a business in Fort McMurray, we’re here to help. FindBusinesses4Sale offers all the relevant information you need to make a great purchase, and we’re here to help you out if you need any assistance throughout the process.
As a buyer, you can register on the market free of charge, and you’ll receive a complimentary guidebook to help you adapt to it in no time at all.