BizON Challenges Traditional Methods Of Buying and Selling Businesses

By Henry Reith, - In Entrepreneurs

Image of BizOn's Logo and Slogan

Photo Credit: BizON

Just like the ever-growing business for sale industry, the BizON Marketplace has developed and transformed tremendously since its inception in 2012 and launch in 2014. “We have achieved many milestones over the last year and have successfully received private investment, and have also been awarded an additional $5,000 grant from the Vaughan Business Enterprise Centre. With that said, we have been able to grow our community to over 1000 members and over 700 business and franchise opportunities”, says BizON’s Founder and CEO, Nunzio Presta. According to CIBC World Markets Inc. business exit rates are set to rise rapidly in the next decade, meaning that over 550,000 small business owners will be looking to find qualified buyers to carry on their businesses. This coupled with the fact that Canadian businesses have scored poorly on succession planning as only 24% of small business enterprises (sme) surveyed by TD Waterhouse Poll of only 609 sme’s stated that they had a succession plan worked out for retirement. This has further validated the need for a seamless and resourceful option for business owners looking to sell their business. “Our research has given us even more confidence that our marketplace is a viable option for people who are looking to exit their business and we will continue to provide our members with the value and positive user experience we have promise from the beginning.”

The need for additional exit strategy options is not the only problem that BizON is solving. The marketplace has dedicated itself to redefining the entire process in which entrepreneurs, brokers, franchisors and franchisees buy, sell or grow businesses and franchises. With the tremendous amount of growth BizON has experienced over the last two years, Presta and his team made the decision to release a newly refined version of the marketplace with a sleek new design and additional features such as an advanced search engine, streamlined listing process, more in-depth business listing analytics, benchmarking algorithm, easy access to legal forms, live chat support and many more resourceful features beneficial to its members.

“When you want to disrupt an industry and redefine the way in which people, buy, sell or grow businesses and franchises, you need to show the world what innovation looks like. Our online marketplace has been developed in-house from the ground up to create a robust platform with explicit specifications to deliver a specialized acquaintanceship with our members. Using current technologies, BizON is available seamlessly across multiple devices and systems for a completely fluid experience. Intuitive, feature-rich content and useful tool integration makes BizON a first-rate business-for-sale marketplace. Our scalable dashboard boasts world-class functionality and extensive options that easily allow members to search, track, manage and stay informed. With access to a range of perks via our BizPERKS program, professional services, and BizCHATTER – our community forum, BizON is an engaging and resourceful community dedicated to business owners, entrepreneurs, brokers and franchisors/franchisees.” – Jeff Dyson, CTO

Every day the BizON marketplace is bringing more and more small business and franchise buyers and sellers together while creating a strong community of members who believe in the power of small business and entrepreneurship. According to a recent study by IPSOS, “The dream to work for oneself is very much alive, with 84% of Canadians who don’t work for themselves preferring to work for themselves.” BizON maintains its belief that loving and having passion for what you do is vital and looks to their marketplace as the go-to search engine for anyone looking for the business or franchise of their dreams and the channel where members can easily promote the sale of their business for those looking to make an exit and search for qualified buyers.



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