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Premium Auto Detailing Services Company

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Complete NDA for Full Overview

Price: $249,000

Annual Revenue: $185,000

Minimum Equity Required: $75,000

SDE: $85,000

Location: Nova Scotia

Industry: Services

ID: 1337

Status: Off Market

Description

This business has an unwavering name in the auto detailing industry, boosting 4.9 star reviews. It is committed to excellence and professionalism and guarantees the best in service and products when servicing client’s vehicles every time.

This company is serving many of our major local dealerships and has built strong relationships for continued business for the new owners. Current owner handles day-to-day logistics, employee management, and auto-detailing. Owners current hours are between 30-50 hours per week depending on business volume.

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
2023 Projections
Revenue: $215,000
SDE: $115,000

2022
Revenue: $185,000
SDE: $85,000

2021
Revenue: $160,000
SDE: $90,000

* 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

*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

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

Complete NDA for Full Overview
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