BUSINESS FOR SALE
Project Snowmobile – Travel agency specialized in snowmobile rentals
About the transaction
A snowmobile rental company whose goal is to introduce Quebec travelers to snowmobiling. The Company owns a commercial building in a prime geographic location. The shareholder-managers (the “Sellers”) of the Company are considering the possibility of selling 100% of the shares they hold in their company and the commercial building and land they personally own.
Shareholders get $60,000 on top of the aforementioned profits.
About the transaction
Selling price
$990,000
Revenue
317 000$
BAIIA / EBITDA
100 000$
Characteristics
The company leverages its reputation, competitive rates and exceptional geographic location to attract more and more winter travelers.
The tangible assets sold with the business are valued by management at more then $1,000,000. Based on a historical non-cash working capital (“NCWC”) analysis, the company must be sold with a working capital ratio of 1:1, meaning that current assets must equal current liabilities.
Region
Laurentide
HR
6 employees
Commercial Building
Yes (490 000$ for the building)
Financial history
2021 (COVID)
Revenue
241 000$
Gross margins
100%
BAIIA / EBITDA N.
59 000$
2022
Revenue
376 000$
Gross margins
100%
BAIIA / EBITDA N.
123 000$
2023
Revenue
440 000$
Gross margins
100%
BAIIA / EBITDA N.
148 000$
2024
Revenue
317 000$
Gross margins
100%
BAIIA / EBITDA N.
100 000$
Notes
According to the "Notice to Reader" financial statements as at September 30 of each year.
Business opportunities
- Long-established reputation;
- Association with local partners (e.g., dog sledding service, inn, etc.);
- Exceptional location directly on the snowmobile trail;
- The company owns its own building with its own mechanic shop;
- Extensive parts inventory for rapid snowmobile repairs;
- Land and building have space for up to 100 snowmobiles;
- Possibility of taking over the organization of stays;
- Possibility of offering year-round services (e.g.: rental of personal watercraft, boats, 4-wheelers, kayaks, etc. (during the summer);
- Growing popularity of outdoor activities since the pandemic.
Vendor support
The Sellers will be available following the transaction to introduce the new owner to customers, employees and suppliers, as well as to provide the necessary transition support and training. They will also be available to remain as paid employees.
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