The Affordable Business Partner. A better way to buy and sell Businesses in Alberta. How can we help you?
Our client is a very successful entrepreneur that enjoys a history of building innovative and financially strong companies. He has now decided to sell this 2-year-old very successful business and truly an absentee business. Aside from the impressive financial strength of this business, this business was started in a very slow Calgary economy but because of the great planning by the owner and detail into delivering a quality family experience, the business continues to grow.
Since our client lives out of Province he initially spent a great amount of time designing a business that he could operate from afar with a minimum amount of time, effort and input required. He hired strong staff to handle the day to day operations, plus utilized state of the art software to keep in touch with the daily, weekly and monthly sale averages. New owners would have the option of operating the business as is, with a minimal amount of effort or take a hands-on approach and reduce management expenses.
We have been selling businesses for many years, and have heard many definitions of the words absentee ownership. To be honest it is very rare to come across such a well operating business that provides so little effort to operate. Our client estimates that he invests 2-3 hours per week in total to operate this business. This will allow new the ownership to take over seamlessly and to understand the day to day operations at their own pace.
Business at a glance
Building Size: Approximately 20,000 sq. ft.
Monthly base rent: $ 23,000/month plus $ 5,000 CAM & Utilities
Lease Term: 5 Years ( TBV)
Option periods: 5 years (TBV)
Deposit held by Lessor: $49,000
Financing: To be discussed
Gross Sales : ( 2017) $2,560,097
2018 ( 10 months Jan.1-Oct 31,2018) $2,085,121
Gross Margin before Operating expenses $ 2,114,014( 2017)
Adjusted net income: Net Income $ 867,270 (2017-1st Full year of operations)
Net income for 2018 should be on par with 2017
This business would be a great investment for:
• A private buyer looking for a true absentee business that provides strong returns.
• A partnership or equity company that is looking to balance their portfolio’s
• To several couples who collectively pool their resources and offer different skill sets to continue the growth of this business.
This business is being offered at 4,250,000
Interested buyers must be able to demonstrate a minimum of 1.5M in liquid capital prior to the releasing of confidential and financial information.
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