This waterfront motel is ideally located in a busy community. The business comfortably accommodates guests in their 16 units, some with kitchenettes.
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, if not all, of your questions.
Annual Revenue and SDE:
2022
Revenue: $306,000
SDE: $120,000
2021
Revenue: $135,000
SDE: $7,000
** 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
This business currently operates on 1 acre of land. The property has been recently renovated and offers a range of rooms to accommodate every type of traveler, including kitchenette rooms, double rooms, single rooms, family rooms, and a suite.
