Newly Established Payment Services Company Seeking Loan in Edmonton, Canada

FINTRAC registered money transfer business seeks funds to acquire an airport maintenance and construction business.

Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 65 thousand
EBITDA Margin 24 %
Industries Industrial Machinery + 1 more
Locations  Edmonton
Local Time 3:38 PM United States
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 460 thousand for 7.0% annual interest, 2 years (Native Currency: CAD 600,000)
Reason: - To acquire a business which is into airport maintenance, construction, equipment rental and interi... View More
Collateral Available: USD 40 thousand
Includes physical assets worth USD 60 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Available after connect
User Verification
Documents
Business Overview

- 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.

Products & Services Overview

- We offer money transfer services to individuals.

- Business we plan to acquire is into airport maintenance, construction, equipment rental, interior designing, Airbnb rental.

Assets Overview

- 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.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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