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Prime Residential and Commercial Property with Successful Boutique, Salon, and Spa

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Complete NDA for Full Overview

Price: $1,250,000

Annual Revenue: $1,300,000

Minimum Equity Required: $600,000

SDE: $163,000

Location: Atlantic Canada

Industry: Retail

ID: 1244

Description

In one of the most exclusive cities in Atlantic Canada, this property includes a residential multiplex with a lovely store, salon and spa. This thriving company has a long history of achievement, is well-liked in its neighbourhood, and just had its finest year ever! Recent renovations have also added to the charm of this beautiful building. A solid, long-standing team, great social media presence, and efficient, established systems for everything from HR to accounting to inventory management make this an easy transition to new ownership.

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

FY 2022
Revenue: $1.36m
SDE: $218k

FY 2021
Revenue: $1.17m
SDE: $85k

FY 2020
Revenue: $1.28m
SDE: $59k

*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.

**Seller's Discretionary Earnings has been adjusted to include a hypothetical rental amount of $82k. Along with other rental income this will be sufficient to cover building expenses plus most of the debt service, before even considering profit from the business.

** Our expectations are for a minimum 35% down payment on the final negotiated purchase price of the business and the building, with the balance of the agreed upon value being financed over 20 years for the building and 7 years for the business. 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

Operations

This residential and commercial property comes with a multiplex, boutique salon and spa. The Real Estate value alone is assessed at over $850,000. More details available after signing the NDA below.

*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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