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Asking Price$1,477,134
Revenue$1,117,620 Established1950
Cash Flow$245,409 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This listing is currently Under Agreement

Location:

Newfoundland, Canada

Description:

Have you worked in an organization where you were certain some simple care and attention would make a significant difference or where some hands-on involvement in financial management could send tens of thousands to the bottom line? Look no further, you have found a community icon with a loyal following that simply needs some renewed energy.

Financial Information:  Canadian currency

Average Room Revenues over past 4 years = $585k (includes $80k annual lease from restaurant) Average Food and Beverage sales over past 4 years = $985k Average Lotto "profit" over the last 4 years = $104k Average Seller's Discretionary Earnings over the past 4 years = $314k

SDE - Seller's Discretionary Earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.

Minimum Equity Required:

$600,000

Real Estate:

City Water & Sewer

Price:

$1,890,000
Ad #123643
Seller Reference #1216
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Contact This Seller
Tim Blais, BBA, CMEA
Gateway Business Brokers
1-855-537-0773
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