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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

Listing ID: 1372

Listing 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 sale is structured as a sale of 100% of the authorized and issued share capital of the company. For the purposes of this offering, the price considers Working Capital to be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.

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

Real Estate

This business can be operated in a virtual office.

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA For Full Overview
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