Cheticamp Outback Inn is newly renovated and offers the whole package. It's perfect for new owners looking for some freedom to explore and enjoy the beauty of being just a few minutes from one of "Canada's Seven Wonders", the Cabot Trail. The inn is perfectly located near amenities, beaches and world famous hiking trails.
This package boasts a brand new two-bedroom owner's suite and four queen suites with kitchenettes. They are booked nearly year round, and it's no surprise given the 2023 Traveller Review Awards and 5-star rating across the board.
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 of your questions.
Annual Revenue and Seller's Discretionary Earnings
2022
Revenue: $155,000
SDE: $105,000
2021
Revenue: $86,000
SDE: $53,000
2020
Revenue: $140,000
SDE: $80,000
* 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
The real estate, about 37,955 sq. ft. of land, is included in the price.
