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Finance Businesses Seeking Loan in Canada

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Payment Services Company Seeking Loan in Edmonton, Canada

FINTRAC registered money transfer business seeks funds to acquire an airport maintenance and construction business.
- 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.
7.2   Edmonton , Canada
Run Rate Sales
USD 70 thousand
EBITDA Margin
24 %
Business Loan
USD 500 K at 7%
Contact Business

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