fbpx

All-in-One Gas, Convenience, Liquor & Laundromat

Description

Very successful Gas station, laundry mat, car wash, and liquor store in Northern Alberta. Contains 16 washers and driers in the laundry mat, a 3 bay car wash, and a convenience store.

 

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.

Financial Information

Revenue Breakdown
 

2020
Gas Station and car wash: $5,106,523
Liquor Store: $2,056,353 Laundry Mat: $44,087
 
2019
Gas Station and car wash: $5,804,426
Liquor Store: $2,050,107
 
2018
Gas Station and car wash: $6,614,795
Liquor Store: $2,262,641 Laundry Mat: $51,242
 

 

** 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 35% down payment on the final negotiated purchase price, with the balance of the agreed upon business value being financed over 6 - 7 years and the real estate being financed over 20 years.

 

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Real Estate

0.717 Acres Building : 8,700 Sqft