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.
What level of due diligence does SMERGERS conduct on the businesses/member?
SMERGERS scrutinizes all profiles and only features a select group of businesses, investors, advisors that meet a basic requirement. When required, certain members may have submitted some form of proof …read more
How active are the business profiles listed on SMERGERS?
We regularly filter out businesses which are inactive or have already closed a transaction. Typically, if the business is actively looking to sell/raise capital, the status is shown in …read more
How can I be sure about privacy and confidentiality?
Should you buy an existing business or start a business from scratch?
Buying an existing business is generally an easier way to start a business with an immediate head start. It saves valuable time and administrative efforts, considering starting from scratch is …read more
How successful has SMERGERS been in helping its users successfully close a deal?
SMERGERS is a discovery and matchmaking platform with global reach. It helps in connecting Businesses, Investors, Acquirers, Lenders, M&A Advisors and Boutique Investment Banks across locations, indsutries and transactions.