Listing ID: 1232
Halifax Regional Municipality
A community staple and the place where many run into one another, this is your local grocery store and it's one of the most important retail operations to keep a community going.
- affiliated with major banner
- currently operating 91 hours per week
- $120k renovation in 2020
The sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital shall 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 all of your questions.
Revenues have been trending up YOY for several years and there is much additional upside that can be created with a few simple additions.
2019 - $2.07M
2020 - $2.27M
2021 - $2.45M
Seller's Discretionary Earnings:
* 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. It is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings. This is pre-tax, pre-mortgage, and pre-discretionary expenses.
** Our expectations are for a minimum 35% down payment on the final negotiated purchase price, with the balance being financed over 6 - 7 years. Feel free to run some of your own calculations here:
Excellent high traffic, high visibility, leased location of approximately 5,000 sft. There are 3 years left on current term with an option to renew for 5 years. Additional renewal terms available.
Valuation In Progress
Helping our clients achieve the greatest success possible requires completing a transaction beneficial to both buyer and seller. To achieve that success, we work exclusively with well-qualified individuals, delve into the unique needs of both parties and develop a strategic plan that will help generate excellent results.
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