Payment Services Company Seeking Loan in Edmonton, Canada

- 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.

Have a rented office space in Edmonton, Alberta.