Please note, this is a private sale, the owner/seller is a customer of Business Selling Mastery and has professionally organized the sale of the business. All inquiries will be directed to the owner.
A prominent child care facility in Halifax that is well-loved by the local communities - this is truly a great opportunity for the ideal buyer who has a heart for serving families with utmost care and support for children through effective programs and a safe and loving environment.
The business fared well amidst pandemic challenges and has been doing well ever since in terms of profit and management. The key staff are well-trained and are committed to the success of the company.
The ideal buyer for this business would have not less than $1M cash available to invest in the right opportunity, has past investment and/or business ownership experience, has a love and passion for the developmental support of children and family, and may want to own real estate.
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.
The business is being offered as a Share sale with a purchase price of $2,749,000.
Annual Revenues and Seller's Discretionary Earnings
2022 estimates:
Revenue: $2,490,000
SDE: $780,000
2021:
Revenue: $2,250,000
SDE: $900,000
2020:
Revenue: $2,525,000
SDE: $775,000
** 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 30% 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 business sits on two leased locations within the Halifax Regional Municipality of Nova Scotia. The 2 leased premises have rental fees of $3,921.67 per month (4,706 sq. ft.) and 2,402.58 + HST per month (2,621 sq. ft.), which have a new 10-year lease and 5-year lease signed in April 2022, respectively.
