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Busy Gas, Liquor, and Grocery

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Annual Revenue: $1,765,000

Minimum Equity Required: $400,000

SDE: $116,000

Location: Nova Scotia

Industry: Restaurants, Gas Convenience Car Wash

ID: 1309

Status: Sold

Description

This is a successful community staple comprised of a gas bar, liquor store, grocery / convenience, a small take-out, and rental accommodations. It's truly an all-in-one venture that a community-minded and growth-focused buyer could prosper from by either running the business as is or leveraging the numerous opportunities for immediate growth in profitability. There is a secure trend of upward growth in revenues, providing much comfort in the stability for the future.

If you are not interested in living in a smaller rural community (high summer tourism), where there are absolutely tremendous outdoor recreation opportunities, this will not be the right business for you.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information

Annual Revenues and Seller's Discretionary Earnings:

2021
Revenue: $1,816,043
SDE: $122,445

2020
Revenue: $1,667,595
SDE: $119,046

2019
Revenue: $1,744,333
SDE: $99,805

2018
Revenue: $1,694,682
SDE: $32,087

Balance Sheet: $75k in working capital is included in the sale price and will be adjusted accordingly at closing.

* SDE is calculated with the inclusion of a Fair Market Value rent expense of $35,000 which is sufficient to carry a mortgage of approximately $450,000. 2021 SDE of $122k is after $35k rent expense.

** Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.
 
** Our expectations are for a minimum 40% down payment on the final negotiated purchase price. There is an opportunity to obtain a residential mortgage on the individually titled rental property, which would provide for better interest rates and leverage. Feel free to run some of your own calculations here:
 
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Operations

The real estate is included in the asking price, which is approximately 1 acre of land.

It also includes two rental properties: one is located on the same parcel as the store and the other is located directly beside.

The source of water supply for the property is from a drilled well with a water treatment system that treats saltwater. Septic system is pumped yearly.

Excluded in the sale, but is part of the business, is a 4-unit rental property on 30,700 sq. ft. of land, which can be purchased and acquired on top of the asking price as an option.

*Gateway Business Brokers operates as an independent contractor and is not an agent, employee, partner or broker of the Seller, Buyer or any other party and does not owe fiduciary duties to prospective Buyers. If the business Purchase involves a transfer of real estate, of any kind, the Buyer/Purchaser shall obtain the services of a licensed lawyer for the conveyance and land or lease transfer element(s) of the transaction.

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA For Full Overview
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