Gateway Business Brokers has determined the owner/seller has met our qualification standards of being an established, profitable, bankable business. This is the starting point of our SCS system that has proven to deliver results 3x or more industry standards and helps those we work with experience our mission of receiving the highest customer satisfaction ratings in North America. To obtain a thorough overview of this business, hit the CONTACT SELLER button. Once completed, you will receive an automated email from our system that will provide you with a link to complete a Non-Disclosure Agreement (NDA). If you do not receive this email within 60 minutes, please check your other email folders, call us at 1-855-537-0773, or visit us directly at our web-site, gatewaybusinessbrokers.com.
Description
Here is a 30+ year old, well-established, beloved tack and feed business offers a unique opportunity to step into a well known and located enterprise that has an established loyal customer base and a reputation for high quality, variety, and service.
Key Features:
- Prime Location
- Loyal Customer Base
- Diverse Product Range: With high-quality tack and horse care products, their inventory is carefully curated to meet the needs and preferences of the community.
- Growth Potential: There's ample opportunity for expansion through e-commerce, extending product lines, or adding services such as grooming, pet boarding, or veterinary services.
- Turnkey Operation: A seamless transition is ensured with the current owner committed to providing comprehensive training and support.
The sale is structured as a sale of 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition. See Financial section for more details.
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.
Financial Information
Fiscal Year End is December 31. Listing Revenues and Seller's Discretionary Earnings are 4 year weighted averages
*2024 has already seen adjustments in cost controls and margin controls.
**SDE is calculated with the inclusion of a Fair Market Value rent expense of $37,500 which is sufficient to carry a mortgage of approximately $400,000.
Balance Sheet: $37,723 in working capital is included in the sale price and will be adjusted accordingly at closing.
2023
Revenue: $555,000
SDE: $6,000
2022
Revenue: $790,000
SDE: $24,000
2021
Revenue: $740,000
SDE: $57,000
2020
Revenue: $527,000
SDE: $57,000
The working capital of the company was approximately $40k as at December 31, 2023.
* 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.
** Please refer to our Minimum Equity requirements. Our expectations are for a buyer to be "capable" of making a minimum 35% down payment on the final negotiated purchase price, to be considered truly qualified. Feel free to run some of your own calculations here:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator
Real Estate
The size of land is at +/- 27,430 sq.ft. where the +/- 2,047 sq.ft. store is located.
Municipal water and sewer.
The business operates from a spacious retail unit with ample parking, a warehouse for stock, and an outdoor area for potential expansion.
Easy to winterize the warehousing section to expand as offices, additional retail, or other purposes.
For more information on this listing, please complete our Non-Disclosure Agreement
Complete NDA for Full Overview
