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4,250,000 calgary absentee business for sale

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Ad placed  1/30/2019
Item location St Albert
Viewed 7 times

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Description

The Affordable Business Partner. A better way to buy and sell Businesses in Alberta. How can we help you?

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.

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.

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
Financial Information:
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 -1st Full year of operations)
Net income for 2018 should be on par with 2017

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.

Visit The Affordable Business Partner.com
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Ad ID:  2133292, User ID: 1860142
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