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
Manufactured right here in Halifax, built for the Atlantic climate, this 5 year old specialty pen product company has captured the hearts of 10s of thousands of pet lovers and boast a social media following in excess of 50,000.
The Good:
- all equipment necessary to deliver production in excess of $1,000,000 in annual revenue.
- manufacturing processes and costs have been greatly improved in recent months
- quality of product and customer satisfaction continue to be industry leading
- ton of growth opportunity
The Opportunity:
- Owners have not been involved with the daily operations for over 2 years. For a hands on passionate owner, who has sales experience and/or online marketing experience, there is a large market to tap in to. The business requires additional sales to to get back to where it once was.
- Current web-site SEO score is a 1 out of 10, no where to go but up.
- There are staff who would love to work hard to support a new owner
The sale is structured as a sale of assets of the company, with the raw and finished goods inventory being counted at closing and in additional to the purchase price. See Financial section for more details.
** Seller is a licensed real estate member.
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
2023 (Jan. 1 - Dec. 31, 2023) - Revenues of $313k, SDE -$23k
2022 (Feb 8 - Dec. 31, 2022) - Revenues of $432k, SDE $15k
2021 (June 2020 - May 31, 2021) - Revenues of $753k, SDE $205k.
May 31 used to be fiscal year end. Business was purchased Feb. 2022 and fiscal year end became Dec. 31
There is approximately $130k in Wholesale value finished goods inventory, or $260k in Retail value finished goods inventory. There is raw materials of approximately $15k and equipment worth approximately $10k. Web-site, domain, social media accounts, customer lists, supplier contacts, etc., all included. All debts will be the responsibility of the seller.
* 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.
Real Estate
Lease Premises. 1806 sft, lease expiring August 2025 with an option to renew. $9/sft base rent + operating costs. Tenant pays utilities, basically power only. City water and sewer. Space is open work space + 1 bathroom, excellent location, easily accessible, bus route, close to amenities.
For more information on this listing, please complete our Non-Disclosure Agreement
Complete NDA for Full Overview
