Icon-facebook-2 Icon-instagram-1 Linkedin Icon-youtube

Popular Franchised Pizza Shop

Back to Listings

Annual Revenue: $421,000

SDE: $68,000

Location: Nova Scotia

Industry: Restaurants

ID: 1262

Status: Sold

Description

This business is a longstanding franchised pizza shop in an excellent mall location, suitable to many first time business buyers who plan to be hands on in the daily operations.

Hours of operations are 11:30-8:00 from Monday to Saturday and 12:00-7:00 on Sunday. There are a total of 8 staff - 3 full time and 5 part time. The owner is working 30-40 hours per week, easy to replace 2 Part Time shifts if owner worked longer.

No Renovation Required.

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

2021 Sales were $456k and Seller's Discretionary Earnings have averaged $67k over the past 3 years.

** 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

Lease, option to renew for 5 years, as of July 2022.

*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
Share with the world

Leave a Reply

Your email address will not be published. Required fields are marked *

© 2024 Gateway Business Brokers Group. All Rights Reserved.

Icon-facebook-2 Icon-instagram-1 Linkedin Icon-youtube
Scroll to Top