Pet Product Manufacturer and On-Line Retailer

Price: $49,000

Annual Revenue: $300,000

Minimum Equity Required: $75,000

Location: Nova Scotia

Industry: Retail

ID: 1401

Status: New

Description

Manufactured right here in Halifax, built for the Atlantic climate, this 5 year old specialty pet product company has captured the hearts of 10s of thousands of pet lovers and boast a social media following in excess of 50,000.

The Good:
- all equipment necessary to deliver production in excess of $1,000,000 in annual revenue.
- manufacturing processes and costs have been greatly improved in recent months
- quality of product and customer satisfaction continue to be industry leading
- ton of growth opportunity

The Opportunity:
- Owners have not been involved with the daily operations for over 2 years. For a hands on passionate owner, who has sales experience and/or online marketing experience, there is a large market to tap in to. The business requires additional sales to to get back to where it once was.
- Current web-site SEO score is a 1 out of 10, no where to go but up.
- There are staff who would love to work hard to support a new owner

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

2023 (Jan. 1 - Dec. 31, 2023) - Revenues of $313k, SDE -$23k
2022 (Feb 8 - Dec. 31, 2022) - Revenues of $432k, SDE $15k

May 31 used to be fiscal year end. Business was purchased Feb. 2022 and fiscal year end became Dec. 31

There is approximately $130k in Wholesale value finished goods inventory, or $260k in Retail value finished goods inventory. There is raw materials of approximately $15k and equipment worth approximately $10k. Web-site, domain, social media accounts, customer lists, supplier contacts, etc., all included. All debts will be the responsibility of the seller.

* 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

Lease Premises. 1806 sft, lease expiring August 2025 with an option to renew. $9/sft base rent + operating costs. Tenant pays utilities, basically power only. City water and sewer. Space is open work space + 1 bathroom, excellent location, easily accessible, bus route, close to amenities.

*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

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

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