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Cheticamp Outback Inn

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Price: $489,000

Annual Revenue: $155,000

Minimum Equity Required: $60,000

SDE: $105,000

Location: Nova Scotia

Industry: Hotel Motels Cottage

Listing ID: 1329

Listing 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 sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital shall be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most of your questions.

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

Real Estate

The real estate, about 37,955 sq. ft. of land, is included in the price.

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

Complete NDA For Full Overview
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