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

Turnkey Convenience Store and Bakeshop with Real Estate

Back to Listings
Complete NDA for Full Overview

Price: $539,900

Annual Revenue: $1,400,000

Minimum Equity Required: $224,000

SDE: $84,000

Location: Nova Scotia

Industry: General Merchandise Stores

ID: 1333

Status: Reduced Price

Description

Looking for a turnkey opportunity to own a successful business, and have a slower pace lifestyle? Look no further than this thriving convenience store, bakery, and Canada Post location that is the heart of this community.

Located in a bustling fishing village on the Atlantic ocean, this business has been serving the community since the early 1950's, offering a wide range of products and services to meet all of their needs in one convenient location. With a strong reputation for quality and service, this business has built a loyal customer base and has become a staple in the community.

The bakery section of the business features freshly baked bread, pastries, cakes, and desserts, meals to go, and homemade dips all made with high-quality ingredients and expert craftsmanship. The convenience store section offers a variety of groceries, snacks, drinks, bulk items, and household essentials. And as a Canada Post location, the business provides a full range of mailing and shipping services.

With a well-trained and experienced team in place, the business runs smoothly and efficiently, making it a turnkey opportunity for a new owner. There is a long standing staff in place who are managing the store allowing the opportunity for a more hands off owner. Whether you're an experienced entrepreneur or just starting out, this business offers the perfect opportunity to take control of your career and build a successful future.

Don't miss out on this rare opportunity to own a successful business that offers a unique combination of services in a prime location. Contact us today to learn more!

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.

Financial Information

Plus inventory, expected to be approximately $100,000.

Annual Revenues and Seller's Discretionary Earnings:
2022
Revenue: $1,400,000
SDE: $125,000

2021
Revenue: $1,170,000
SDE: $100,000

2020
Revenue: $1,275,000
SDE: $110,000

2019
Revenue: $990,000
SDE: $10,000

SDE is calculated with the inclusion of a Fair Market Value rent expense of $26k which is sufficient to carry a mortgage of approximately $280,000. 2022 SDE of $125k is after $26k rent expense.

* 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

Real estate is waterfront 5,687 sq. ft. ± lot, and a 3000 sq. ft. ± building.

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
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