u/Expensive-Shop-3031

Hi everyone,

We’re exploring the possibility of buying a cleaning business here in Canada, and the asking price is 300,000 CAD. Since this would be our first business acquisition here, I’d really appreciate some guidance from those with experience.

What are the key things we should ask the seller for (e.g., financials, contracts, client history) to make sure we fully understand its profitability before making a decision? What would you consider essential due diligence steps?

Thank you in advance to anyone who can share insights,I just want to be thorough since this isn’t a small amount of money.