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Profitable and Well-Established Child Care Business

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Complete NDA for Full Overview

Price: $2,749,000

Annual Revenue: $2,490,000

Minimum Equity Required: $1,000,000

SDE: $780,000

Location: Halifax Regional Municipality

Industry: Services, All Others

ID: 1303

Status: Under Contract

Description

Please note, this is a private sale, the owner/seller is a customer of Business Selling Mastery and has professionally organized the sale of the business. All inquiries will be directed to the owner.

A prominent child care facility in Halifax that is well-loved by the local communities. This is truly a great opportunity for the ideal buyer who has a heart for serving families and supporting children through effective programs and a safe and loving environment.

The business fared well during pandemic challenges and has been doing well since in terms of profit and management. The key staff are well-trained and are committed to the success of the company.

The ideal buyer for this business would have not less than $1M cash available to invest in the right opportunity, has past investment and/or business ownership experience, has a love and passion for the developmental support of children and family, and may want to own real estate.

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 and Seller's Discretionary Earnings
2022 estimates:
Revenue: $2,490,000
SDE: $780,000

2021:
Revenue: $2,250,000
SDE: $900,000

2020:
Revenue: $2,525,000
SDE: $775,000

** 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 30% 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

The business has three locations in the Halifax Regional Municipality - one owned and two leased. The owned location is 6,800 sq. ft. The two leased properties have rental fees of $3,921.67 per month (4,706 sq. ft.) and 2,402.58 + HST per month (2,621 sq. ft.), with a new 10-year lease and a 5-year lease signed in April 2022, respectively.

*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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