Buyers

Top 7 Multi-Million Dollar Businesses for Sale in Canada in 2025

Author:
Saad Benryane

Canada offers a stable economy, diverse industries, and a supportive business environment, making it an ideal destination for entrepreneurs and investors. Acquiring an established multi-million dollar business is a fast track to financial growth and operational success.  

Why build from scratch when you can step into a thriving operation with a proven model, loyal customers, and immediate cash flow? Whether you're a seasoned entrepreneur, corporate investor, or seeking a strategic pivot, buying an existing business offers a significant advantage.  

Why Buy a Multi-Million Dollar Business in Canada?

Canada is an excellent destination for entrepreneurs and investors, offering a stable economy, supportive regulations, and diverse industries. Here’s why acquiring an established business here is a smart move:

  • Economic Stability and Growth: Canada’s stable economy and strong trade agreements, like CUSMA, provide businesses with secure access to global markets and a growth-oriented environment.
  • Proven Business Models: Purchasing an established business offers:
    • Operational Systems: Processes are already in place.
    • Loyal Customers: Ensures cash flow from day one.
    • Brand Equity: Reduces marketing efforts while fostering trust.
  • Diverse Industries: From technology and hospitality to retail and wholesale, Canada offers businesses across a variety of thriving sectors to suit your interests and goals.
  • Growth Potential: Established businesses often have untapped opportunities for expansion, innovation, or diversification. Canada’s focus on technology and green energy further supports forward-thinking ventures.
  • Business-Friendly Environment: Government incentives, tax benefits, and a transparent regulatory framework make acquisitions in Canada less risky and easier to navigate.
  • Immediate Returns: Unlike startups, established businesses offer measurable financial performance and immediate revenue, minimizing risk and ensuring faster returns on investment.

Whether it’s a robotics company, a luxury hotel in Ontario, or a truck stop in British Columbia, Canada’s vibrant economy and investor-friendly policies make it the perfect place to grow your wealth.

Criteria for Selecting These Businesses

To identify lucrative multi-million dollar businesses for sale in Canada, we considered the following key criteria:

Revenue and Profitability: We focused on businesses with consistent multi-million-dollar revenues, positive EBITDA, and year-over-year growth to ensure proven earning potential.

  • Industry Potential: Priority was given to businesses in high-demand and scalable industries.
  • Scalability and Growth Opportunities: Businesses with growth potential, such as expanding markets, innovative offerings, or digital transformation, were emphasized.
  • Established Reputation and Brand Value: Strong brands with high customer satisfaction, positive market presence, and industry recognition were favored.
  • Proven Business Model: Companies with clear, adaptable business models, diversified revenue streams, and resilience during economic shifts were prioritized.
  • Seller Motivation: Businesses for sale due to neutral or positive reasons (e.g., retirement or strategic pivots) were preferred to minimize risks.
  • Buyer Demand: High buyer interest and alignment with market trends indicated businesses with strong future potential.  

These criteria guided the selection of businesses offering profitability and growth, appealing to serious investors in Canada’s dynamic market.

This blog highlights seven multi-million dollar businesses for sale in Canada, spanning industries like tech and hospitality. These opportunities are perfect for investors seeking revenue-generating businesses with growth potential. Let’s dive in and explore why they stand out.

Top 7 Multi-Million Dollar Businesses for Sale in Canada

Canada offers a diverse range of profitable businesses for sale across multiple industries. Below are seven standout options for investors seeking lucrative opportunities:

1. Branded Hotels Portfolio in Ontario For Sale

  • Location: Ontario, Canada
  • Business Type: Lodging and Restaurants
  • Asking Price: $80 million
  • Revenue: $3.7 million
  • Highlights:
    • Type of Property: 2 high-end hotels for sale 
    • Location: Greater Toronto Area (GTA)  
    • Asking Price: Starting from $80 million  
    • Net Income: Over $5 million  
    • Seller's Requirement: Proof of funds required before disclosing hotel details  
    • Target Audience: Serious, qualified buyers (principals only).   

Branded Hotels Portfolio In Ontario For Sale

>> Contact Seller <<

2. Retail Jewelry Store In Canada For Sale

  • Location: Canada
  • Business Type: Retail
  • Asking Price: $62 million
  • Revenue: $5.5 million
  • Profit: $1.5 million
  • Year Started: 1985
  • Employees: 14
  • Highlights:
    • Profitable jewelry store located in Western Canada.  
    • Established Business: Operating for 39 years; a staple in the city.  
    • Prime Location: Situated in the heart of downtown.  
    • Turnkey Operation: Staff in place for smooth transition; owner offers training.  
    • Industry Growth: Jewelry market valued at $228 billion in 2020, projected to reach $307 billion by 2026.  
    • Elite Sales Performance: Over $7 million in sales; ranks in the top 5% of North American jewelry stores (sales exceeding $5 million).  
    • Retirement Sale: Owner retiring; business ready for takeover.  
    • Qualified Buyers Only: Limited to serious and capable purchasers. .   

Retail Jewelry Store In Canada For Sale

>> Contact Seller <<

3. Established Burgeoning Truck Stop in British Columbia For Sale

  • Location: British Columbia, Canada
  • Business Type: Transportation and Storage
  • Asking Price: $36 million
  • Revenue: $41.2 million
  • Profit: $1.2 million
  • Highlights:
    • Truck Stop for sale
    • Uses the SCS system to achieve results 3x industry standards and high customer satisfaction ratings.  
    • Access to business details requires completing a Non-Disclosure Agreement (NDA).  
    • Business includes a gas station, card lock, convenience store, and restaurant.  
    • Features 8 cardlock pumps, 8 gasoline pumps, and 1 propane pump.  
    • Includes 24 EV charging stations; 4 BC Hydro EV chargers to be installed in February 2024.  
    • Amenities include lounges and showers for truckers.  
    • 2023 revenue (until August 31): $31,447,848.77.  
    • 2022 revenue: $56,224,895.  
    • 2022 NOI: $1,594,914.  
    • 2023 is the first full operational year post-flood and COVID-19 disruptions.  
    • Restaurant size: 4,500 sqft.  
    • Convenience store size: 4,000 sqft.  
    • Land size: 16 acres, with 12 acres currently used for business operations.  
    • 7 acres available for development (e.g., self-storage, vehicle repair, quick-service restaurants).  
    • Store inventory valued at approximately $150,000.  
    • Fuel inventory valued at approximately $600,000.  
    • Sale structured as an Asset Sale with working capital adjusted at $0.  
    • Significant potential for future development and expansion.  
    • NDA completion required to receive the full Offering Memorandum. 

Established Burgeoning Truck Stop in British Columbia For Sale

>> Contact Seller <<

4. ROBOTICS COMPANY-sold

  • Location: Canada
  • Business Type: Wholesale
  • Asking Price: $29.5 million
  • Revenue: $25.5 million
  • Profit: $2.8 million
  • Year Started: 2017
  • Employees: 18
  • Highlights:
    • Industry: Technology, Aeronautics, Robotics  
    • Years in Operation: 5 years  
    • Production: Managed by various subcontractors  
    • Focus Areas: High technology (aeronautics), manufacturing and transformation, machinery and equipment, professional and technical services (research and development)  
    • Collaborations: Works with university research centers in the USA  
    • Customer Base: Large companies, government entities  
    • Competition: Other robotics companies  
    • Workforce: 16 full-time employees  
    • Financial Projection (2023): Revenues expected to exceed $42 million  
    • Current Status: Undergoing due diligence  

ROBOTICS COMPANY-sold

>> Contact Seller <<

5. Banquet Hall And Convention Center In Ottawa For Sale

Banquet Hall And Convention Center In Ottawa For Sale

>> Contact Seller <<

6. Successful Canadian Food Distributor For Sale

  • Location: Quebec, Canada
  • Business Type: Wholesale
  • Asking Price: $23 million
  • Revenue: $13.5 million
  • Profit: $2.8 million
  • Year Started: 2016
  • Employees: 48
  • Highlights:
    • Type of Business: Grocery, healthcare, and food products distributor.  
    • Clientele: Primarily Tier 1 retail chain stores (regional and national retailers).  
    • Geographic Base: Eastern Canada, with coverage for regional and national customers.  
    • Expansion Opportunities: Potential to expand services across Canada for existing customers.  
    • Operational Model:
      • Some customers rely on company representatives for in-store product management and customer relationships.
      • Other customers handle products through their own distribution centers.  
    • Product Type: Generally non-perishable.  
    • Vendor Relationships:
      • Vendors are highly supportive and rely on the company for cost-effective, efficient, and timely product distribution.
      • The company provides logistical support and ensures proper retail-level presentation.  
    • Financial Performance: Rapid growth with consolidated EBITDA margins above 20%.  
    • Assets for Sale: Medium-sized building/distribution center available for purchase in addition to the business.

Successful Canadian Food Distributor For Sale

>> Contact Seller <<

7. Hotel In Burlington, GTA For Sale

Hotel In Burlington, GTA For Sale

>> Contact Seller <<

These seven businesses showcase Canada’s potential for high-return investments across various industries. Each offers significant growth opportunities for the right buyer, whether you’re looking to expand an existing portfolio or venture into a new market.

Key Considerations Before Buying

Acquiring a multi-million dollar business is a major investment that demands thorough evaluation. Below are essential factors to consider:

  • Conduct Due Diligence: Analyze the business’s operations, financials, and assets by reviewing:
    • Financial Records: Profit and loss statements, balance sheets, and tax filings.
    • Operations: Customer retention, supplier agreements, and inventory management. 
    • Market Position: Reputation, competition, and industry trends.
  • Ensure Legal Compliance: Verify adherence to local, provincial, and federal regulations, including permits and licenses, legal disputes or liabilities, employment contracts and labor laws. Consult a legal expert to identify potential issues.
  • Evaluate Business Valuation: Determine if the asking price is fair by consulting a valuation expert. Key factors include EBITDA, growth potential, and value of tangible and intangible assets.
  • Analyze Industry Trends: Assess the business’s alignment with future market trends by researching industry growth forecasts, emerging competitors or technologies, consumer behavior shifts and regulatory changes.
  • Review Financing Options: Explore funding strategies such as loan terms and repayment plans, equity partnerships, business cash flow to cover costs and financing obligations.
  • Plan for Transition: Evaluate the transition strategy, including current owner’s involvement during handover, role of existing staff and management, and opportunities to implement growth strategies.
  • Assess Compatibility: Ensure the business aligns with your goals, skills, and interests, as your involvement will significantly impact success.  

By addressing these factors, you can make a well-informed decision and minimize risks. Consult experienced advisors to guide you through the process.

Conclusion

Canada’s business landscape offers exciting opportunities for investors to acquire established, profitable ventures across industries like tech and retail. Buying a business with a proven track record provides market access, a loyal customer base, and growth potential.

At Openfair, we offer expert guidance and a curated selection of businesses for sale across Canada. Find your ideal match and take the next step toward a prosperous future.

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