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Leading Architectural Lighting Manufacturer In North America

Description

North America's leading architectural lighting manufacturer has patented technology, servicing repeat customers of some of the most prestigious brands in Canada and the United States. Moxy, Louis Vuitton, Four Points Sheraton, Hilton and dozens more. This company has well-established its presence in the industry with over 10 years of being the leading manufacturer and installer of lighting fixtures. Repeat clients and customers, both in commercial and residential projects, drive the company to strive maintaining its high quality products and services. With contracts already in place for the next fiscal year this business is set up for continued growth.

The ideal buyer is someone who is ready to take the business to the next level. If not the owner, having a partner that has knowledge or interest in (but not limited to) technical and engineering in electronics and/or sheet metal would be a plus.

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.

Financial Information

Inventory is included in the asking price and the value is estimated around $15,000.

Annual Revenues and Seller's Discretionary Earnings:
2020
Revenue: $2,770,000
SDE: $673,000

2019
Revenue: $2,450,000
SDE: $701,000

2018
Revenue: $2,370,000
SDE: $559,000

2017
Revenue: $2,670,000
SDE: $510,000

** 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

Real Estate

The business operates in 8000 sq. ft. building.
The seller owns the unit and options are available for lease.
Rent: $13,735 (Including TMI) + GST