Annual Revenue: $421,000
Minimum Equity Required: $50,000
Location: Nova Scotia
Listing ID: 1262
Listing Status: Under Contract
This business is a longstanding franchised pizza shop in an excellent mall location, suitable to many first time business buyers who plan to be hands on in the daily operations.
Hours of operations are 11:30-8:00 from Monday to Saturday and 12:00-7:00 on Sunday. There are a total of 8 staff - 3 full time and 5 part time. The owner is working 30-40 hours per week, easy to replace 2 Part Time shifts if owner worked longer.
No Renovation Required.
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. **There is an additional $20,000 franchise fee in addition to the purchase price.
2021 Sales were $456k and Seller's Discretionary Earnings have averaged $67k over the past 3 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. 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:
Lease, option to renew for 5 years, as of July 2022.