PLAN YOUR LOCATION
Check open permits before calling a Burnaby resale turnkey
Burnaby requires a new business-licence application for a new owner and advises checking zoning before committing to a location. The City also states that it cannot process a business-licence application while active or open permits remain at the premises. That makes permit status a practical transaction issue, not merely an administrative task after closing.
Ask the seller and landlord for records of completed work and outstanding permit matters. Have the appropriate municipal department clarify what remains, then reflect the findings in your adviser-led purchase review and opening timetable. For a new unit, identify which work belongs to the landlord and which belongs to you. A written scope reduces the chance of financing the same item twice or leaving a critical upgrade unfunded.
- Document permit closure responsibilities before treating the premises as ready for handover.
- Separate landlord improvements, tenant improvements and franchisor equipment in the project budget.
BUILD YOUR FINANCING CASE
Compare the full occupancy cost, not just the asking rent
When considering a Burnaby unit, prepare an occupancy worksheet from the actual lease proposal. Include base rent, additional charges, deposits, fit-out obligations and the timing of rent commencement. If the premises are in a managed retail property, ask about operating-hour requirements, delivery access and construction rules. These are questions to resolve for the property, rather than assumptions about every Burnaby location.
Build the cash forecast around the resulting commitments. An attractive rent figure does not offset a layout that limits sales or a construction schedule that consumes opening cash. For an acquisition, reconcile historic performance with your future occupancy terms and required brand refresh. For expansion, show the new unit’s working-capital requirement separately from funds that the existing business must retain.
- Model the cash effect of a later opening while rent and other committed costs continue.
- Attach lease terms and fit-out quotations that support the numbers in the business plan.
MATCH THE LOAN TO THE PROJECT
How to approach franchise financing in Burnaby
Start with the amount and timing of your project costs, the investment you can contribute and a cash-flow forecast. We prepare the financing request and in-house business plan, then coordinate with suitable banks, credit unions or BDC. Your location, transaction and lender criteria help determine the options.
Fund My Franchise helps arrange the application; the lender decides approval, security, rates and repayment terms. Ask about fees and conditions before accepting an offer.
