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Groundbreaking Sharing Economy Event Management Company

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Annual Revenue: $715,000

Minimum Equity Required: $300,000

SDE: $335,000

Location: Toronto, Ontario

Industry: Services, All Others

ID: 1317

Status: Sold

Description

One-of-a-kind sharing economy events management company. Think Airbnb meets event management in an untouched space, and their growth is exponential. With our shifting economy, this is without a doubt the future of this niche event business. Recently featured in the New York Times, ELLE Magazine, and many other publications. They have established themselves as industry leaders with a rock solid reputation for putting sustainability and community first. They are on track for an even more profitable year in 2023, with bookings already exceeding previous year revenues before the start of the booking season. If you want a bright future in our changing economy and a business that allows you to work from anywhere, this opportunity is worth looking into.

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 / Seller's Discretionary Earnings:

2022: $715,000 with SDE of $335,000

2021: $480,000 and SDE of $57,000

2020: $316,000 and SDE of $68,000

** 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.

Operations

Leased office space.

*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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