Cheticamp Outback Inn - Gateway Business Brokers

Cheticamp Outback Inn

Price: $489,000

Annual Revenue: $155,000

Minimum Equity Required: $60,000

SDE: $105,000

Location: Nova Scotia

Industry: Hotel Motels Cottage

ID: 1329

Status: Sold

Description

Cheticamp Outback Inn is newly renovated and offers the whole package. It's perfect for new owners looking for some freedom to explore and enjoy the beauty of being just a few minutes from one of "Canada's Seven Wonders", the Cabot Trail. The inn is perfectly located near amenities, beaches and world famous hiking trails.

This package boasts a brand new two-bedroom owner's suite and four queen suites with kitchenettes. They are booked nearly year round, and it's no surprise given the 2023 Traveller Review Awards and 5-star rating across the board.

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 Revenue and Seller's Discretionary Earnings
2022
Revenue: $155,000
SDE: $105,000

2021
Revenue: $86,000
SDE: $53,000

2020
Revenue: $140,000
SDE: $80,000

* 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. 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, about 37,955 sq. ft. of land, is included in the price.

*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

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