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Details - Information last confirmed on April 12, 2021

60 Year old Edmonton wholesale company ready for new entrepreneurs. Management & staff in place. Almost $3 Million in revenue wholesaling Canada Wide. Every business 90% or greater uses these products. Expand revenue by creating Online Marketplace. Great profit margins 33% +++, Owners may consider a VTB of max $100k interested parties must sign a NDA Confidentiality agreement to receive financials and information package. Sale is twofold. Business $499,000 Inventory whatever current levels are at. $300k-$500k

The business has been operated since 1999 by a mom & pop. They transitioned as absentee owners and hired a GM. The salaries alone were as follows.
A. GM $80,000
B. Owners a combined salary of $120,000

The GM is no longer employed after approx 10 years. Financials do reflect minimal loss each year for tax purposes, they paid all the profit out to employees. Since eliminating the GM they have had positive results and in one year $350,000 profit. The business even in this Pandemic is operating at a profit. Sales affected by 30%, but they laid off excess employees, changed business practices, and are operating at a profit. The GM was the problem, the owners since they were absentees were willing to claim losses for tax reasons to enjoy their time in Hawaii.

So the valuation of the actual business is based upon the income they paid out to GM & Themselves. $200,000 x a multiple of 2 = $400,000 valuation. There's also a 5-ton truck, forklift, and all the leasehold improvements shelving, etc....

Then there's the inventory as well. The valuation of inventory today is approx $850,000, the deal could be, 50% discount on inventory plus the buyer would receive all receivables and the seller would pay all payables. Here's an example of how that might play out.

$850,000 inventory @50% discount = $425,000 - ( Receivables $150,000 ) = Actual inventory cost of $275,000

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