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Turnkey Tour Operator Business

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Price: $430,000

Annual Revenue: $990,000

Minimum Equity Required: $175,000

SDE: $135,000

Location: Prince Edward Island

Industry: Services

ID: 1372

Status: Sold

Description

A reputable and established tour operator business, specializing in educational and recreational trips for educational institutions. This business has a strong track record of providing safe, engaging, and informative tours that complement academic curricula.

With established relationships with numerous educational institutions, the company offers a range of tailor-made itineraries that focus on performance and educational tours. This is a fantastic opportunity for someone passionate about education and travel to take over a business with a meaningful impact on young minds.

Step into a role that shapes memorable learning experiences and fosters a love for exploration and discovery in the next generation!

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

2023 Financials with year end August 31:
Revenues are at $990,000
Seller's Discretionary Expenses are at $135,000

2019
Revenue: $1,370,000
SDE: $90,000

2018
Revenue: $1,040,000
SDE: $110,000

Note: There are no available financial statements for the past years 2020-2022 due to COVID-19 restrictions on tours.

* 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

This business can be operated in a virtual office.

*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
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