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).
Description
Location, Location, Location.....that's one of many things you'll be feeling good about when you acquire this long standing franchised pizza operation that has been a staple in this constantly growing community.
Are you ready to roll up your sleeves and get involved in the daily operations or are you seeking a business that has been run for over 15 years without ownership being involved in the daily operations?
Key highlights include:
- one of the best locations you could think of having when it comes to being in the centre of a diverse and growing market.
- town has been growing for many years and there is much more on the horizon
- longstanding location and always a new clientele to appeal to each year.
- has been priced to consider update requirements as per brand standards.
- reason for sale is other business interests.
The sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital (Inventory - payables) shall be adjusted at closing and is in addition to the asking price. By completing the NDA and becoming a qualified buyer, we are happy to send you a full Offering Memorandum that will answer most of your questions.
Financial Information
Fiscal Year End is January 30. Historical Annual Revenues and Seller's Discretionary Earnings:
2022
Revenue: $870,000
SDE: $155,000
2021
Revenue: $770,000
SDE: $160,000
2020
Revenue: $920,000
SDE: $165,000
2019
Revenue: $915,000
SDE: $160,000
Balance Sheet Items:
- Inventory averages less than $10k
- Company will be delivered free of debt, or as otherwise negotiated.
* 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 35% 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
Real Estate
The business operates in a 2,548 sq. ft. leased space, with lease terms until May 2028 and an option to renew for a 5-year term subsequently. The current monthly basic rental is at $4,100 (per month plus applicable HST).
Town water and sewer
Many upgrades and updates over the years. PRIME location
For more information on this listing, please complete our Non-Disclosure Agreement
Complete NDA for Full Overview
