Newly Established Payment Services Company Seeking Loan in Edmonton, Canada
|Run Rate Sales||USD 65 thousand|
|EBITDA Margin||24 %|
|Industries||Industrial Machinery + 1 more|
|Local Time||3:38 PM United States|
|Listed By||Business Owner / Director|
- We are a registered money service business in Canada that offers money transfer services to individual customers.
- We are registered with FINTRAC in Canada to offer our services.
- Business was started just 4 months ago.
- We help people to transfer money to other individuals in different countries.
- Have more than 150 clients who use our services to transfer money and our clients are mainly African descendants.
- We anticipate covering more clients and regions soon.
- We generate revenue by charging a commission on the money transfer.
- Business we plan to buy is doing CAD 7 mill annually with 30% EBITDA and has physical assets valued at CAD 5 mill.
- This is a very lucrative multi-stream business with different revenue models and has steady cash flow so we would like to acquire this business.
- That business makes CAD 700K per year on Air B&B bookings alone and has 38 rooms.
- Major clients of the business are the government entities.
- We would put our own money to acquire the business depending on how much fund we receive from the investors.
- We offer money transfer services to individuals.
- Business we plan to acquire is into airport maintenance, construction, equipment rental, interior designing, Airbnb rental.
- Usual office set-up which includes around 10 computers, office desk, chairs, sofas and office supplies.
- Business we plan to acquire has physical assets like land, machinery, equipment, tools.
Earlier than 15 daysManaging Director, Kansas City, Business Broker connected with this business
Earlier than 15 daysCEO, IT, Drummondville, Corporate Investor / Buyer connected with this business