Docstoc

Businesses for Sale in Hamilton_ Ontario

Document Sample
Businesses for Sale in Hamilton_ Ontario Powered By Docstoc
					?The business environment in Greater Hamilton area

If you are in the market to buy a business for sale in Hamilton, please take some time
to consider the changing local economic landscape and what that can mean for you as
a business buyer. This article will explore some of the unique features about the
Hamilton business market that you should think about during your business search.

Hamilton is no longer a ‘blue collar' dominated economy

For many generations, industrial production has been the backbone of Hamilton's
economy. In many ways it still is but its prominence is certainly shifting. In Hamilton
today, steel and the associated ancillary companies are a major part of Hamilton's
business culture but a new realty is emerging. Hamilton is transforming into a
service-based business economy. In fact, industrial production has been surpassed by
the healthcare industry as Hamilton's largest employer. If you are looking to purchase
an existing business for sale in Hamilton you should think about what this diversified
local Hamilton economy could mean to you.

Downtown

Ask any Hamiltonian about "downtown" and you will certainly get a passionate
response. For many years the issue of Hamilton's downtown revitalization has
dominated the local media and many opinions have been formed. The truth is that
many of Hamilton's businesses have left the downtown core and relocated to the
outskirts of the city - as have many residents. Further, the pressure from big-box retail
and a changing workforce means that the traditional concept of what a ‘downtown' is
supposed to be is being challenged. The City of Hamilton is doing much to stimulate
business activity in the downtown core. There are Business Improvement Areas (BIA)
designated with incentives to businesses and property owners as well as aggressive
residential loan programs designed to promote the creation of residential living units
in the core. If you are pondering a business for sale in Hamilton (especially in the
downtown area) you need to investigate what the key drivers are for a successful
business in Hamilton downtown. A quick drive down James Street North will
demonstrate the evolution of the area into a more vibrant art district, with many new
businesses emerging.

Hamilton Airport

If you are considering a business for sale in Hamilton and if transportation is a vital
piece of the business success you should explore the benefits of having an airport
located within the city boundaries.

Location of Hamilton
The city of Hamilton is strategically located on the shores of Lake Ontario with
relatively close proximately to Toronto, Lake Erie, Lake Ontario, London, Windsor,
Lake Huron, Niagara Falls, Ontario and beyond. Hamilton has port facilities, an
airport, rail infrastructure and a vibrant business community. All of these ingredients
can indicate that Hamilton may be perfectly poised to re-invent itself as a major
transportation hub for Canadian trade flows. If you are thinking of investing in a
Hamilton business for sale the opportunities here should be considered.

What about a simple small business?

If you are not looking for a business for sale that requires shipping or airport
infrastructure but are simply looking for a small business for sale in Hamilton that is
well positioned to grow in the local economy, Hamilton does have many great options
- but you do need to do your homework. Talk to a local business broker to discover
the business for sale Hamilton options available. Check with the Hamilton Chamber
of Commerce to talk to different business owners in the city and to network. Hamilton
has many excellent businesses for sale available but buying a business does take time,
regardless of the city.

Ontario Business Brokers


Business for Sale in Toronto, Hamilton and surrounding areas in southern Ontario,
Canada. We are a full service business brokerage here to help you buy or sell a
business.