Price: $239,000
Annual Revenue: $540,000
Minimum Equity Required: $75,000
SDE: $80,000
Location: Prince Edward Island
Industry: Food Stores
ID: 1437
Status: New
This is a longstanding franchised pizza operation that has been a staple in this constantly growing community for two decades. With a strong brand recognition, this business attracts both locals and visitors seeking familiar and consistent dining experiences.
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 be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.
Annual Revenues and Seller's Discretionary Earnings. Fiscal year end is July 31.
2024
Revenue: $540,000
SDE: $80,000
2023
Revenue: $565,000
SDE: $74,000
2022
Revenue: $583,000
SDE: $79,000
* 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.
** Please refer to our Minimum Equity requirements. Our expectations are for a buyer to be "capable" of making a minimum 35% down payment on the final negotiated purchase price, to be considered truly qualified. Typical loan amortizations for businesses like are 20 years. Feel free to run some of your own calculations here:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator
The property is leased on a 10-year term with an option to renew. The property is also recently renovated enhancing the restaurant's welcoming ambience.
For more information on this listing, please complete our Non-Disclosure Agreement
For more information on this listing, please complete our Non-Disclosure Agreement
Complete NDA for Full Overview