Annual Revenue: $1,400,000
Minimum Equity Required: $224,000
Location: Nova Scotia
Listing ID: 1333
Listing Status: New
Looking for a turnkey opportunity to own a successful business, and have a slower pace lifestyle? Look no further than this thriving convenience store, bakery, and Canada Post location that is the heart of this community.
Located in a bustling fishing village on the Atlantic ocean, this business has been serving the community since the early 1950's, offering a wide range of products and services to meet all of their needs in one convenient location. With a strong reputation for quality and service, this business has built a loyal customer base and has become a staple in the community.
The bakery section of the business features freshly baked bread, pastries, cakes, and desserts, meals to go, and homemade dips all made with high-quality ingredients and expert craftsmanship. The convenience store section offers a variety of groceries, snacks, drinks, bulk items, and household essentials. And as a Canada Post location, the business provides a full range of mailing and shipping services.
With a well-trained and experienced team in place, the business runs smoothly and efficiently, making it a turnkey opportunity for a new owner. There is a long standing staff in place who are managing the store allowing the opportunity for a more hands off owner. Whether you're an experienced entrepreneur or just starting out, this business offers the perfect opportunity to take control of your career and build a successful future.
Don't miss out on this rare opportunity to own a successful business that offers a unique combination of services in a prime location. Contact us today to learn more!
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.
Plus inventory, expected to be approximately $100,000.
Annual Revenues and Seller's Discretionary Earnings:
SDE is calculated with the inclusion of a Fair Market Value rent expense of $26k which is sufficient to carry a mortgage of approximately $280,000. 2022 SDE of $125k is after $26k rent expense.
* 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:
Real estate is waterfront 5,687 sq. ft. ± lot, and a 3000 sq. ft. ± building.
For more information on this listing, please complete our Non-Disclosure Agreement