Annual Revenue: $715,000
Minimum Equity Required: $300,000
Location: Toronto, Ontario
Listing ID: 1317
Listing Status: Sold
One-of-a-kind sharing economy events management company. Think Airbnb meets event management in an untouched space, and their growth is exponential. With our shifting economy, this is without a doubt the future of this niche event business. Recently featured in the New York Times, ELLE Magazine, and many other publications. They have established themselves as industry leaders with a rock solid reputation for putting sustainability and community first. They are on track for an even more profitable year in 2023, with bookings already exceeding previous year revenues before the start of the booking season. If you want a bright future in our changing economy and a business that allows you to work from anywhere, this opportunity is worth looking into.
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.
Annual Revenues / Seller's Discretionary Earnings:
2022: $715,000 with SDE of $335,000
2021: $480,000 and SDE of $57,000
2020: $316,000 and SDE of $68,000
** 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.
Leased office space.