Annual Revenue: $2,529,505
Minimum Equity Required: $250,000
Location: Nova Scotia
Industry: Gas Convenience Car Wash
Listing ID: 1231
Listing Status: Under Contract
An anchor of this rural Nova Scotia community, this long standing profitable business is situated on a great piece of commercial real estate and offers the best of country community living, just 90 minutes from Halifax.
Steady growth in profit started in 2018, and continued through covid and right up to the present, with July 2021 being the most profitable month on record.
NSLC franchise, solid staff, up to date equipment, and established processes round out this offering.
Do you appreciate rural living and want to be part of a community? Do you have a vision for building on the success of already established profitable businesses? If so, let's determine together if this is the right fit for your future.
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.
SDE: $103,774. (This is *after* adjusting for a hypothetical rental amount of $24k, which is sufficient to carry a $300k mortgage at 5% over 20 years.)
* 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 of the agreed upon business value being financed over 6 - 7 years and the real estate being financed over 20 years.
Approximately half an acre, corner lot with frontage on two well trafficked roads. Drilled well and septic system, pavement and landscaping improvements.
Single story building without basement, well maintained, measuring approximately 3,000 sq.ft. Approximately 40 years old with major renovations completed between 2008 and 2010.
Detached shed, no heat or electric. Buyer will require own accommodations.