Transaction Completion: Established Toronto Health and Beauty Business with $320,000 Annual EBITDA

Transaction Completion: Established Toronto Health and Beauty Business with $320,000 Annual EBITDA

October 2017

Beacon Brokerage is pleased to announce the completion of a transaction in the health and beauty industry by a private purchaser. The business, a long standing fixture in an exclusive area of Toronto, was acquired by an owner operator with extensive experience in private banking. Established in 1988, the business had built a loyal clientele of over 6,000 customers, some booking upwards of a year in advance. Its reputation and outstanding management allowed for high levels of revenue and profitability to be maintained throughout its history. Beacon acted as a sell-side adviser during the transaction, confidentially marketing the opportunity and negotiating the transaction parameters between the parties.

Transaction Summary

This was a succession-driven sale of a business, who had been operating and steadily growing since its inception. The owner approached Beacon Brokerage in August of 2014 expressing their interest in finding an exit strategy. After an initial discussion on the business sale process, the necessary documentation for a business sale, and the options available for a successful exit, the owner came back in July 2017. After providing Beacon with all the required information, a thorough business valuation was completed, along with all the related marketing materials required for the confidential business sale process. A Letter of Intent was accepted by the owner from an interested party in late August 2017 and with Due Diligence completed within the agreed upon 30-day period, the transaction was completed in October 2017.

About Beacon Brokerage

Beacon Brokerage is a Toronto-based full-service business brokerage and merger & acquisition advisory services firm which specializes in transactions of companies with Enterprise Value between $1M and $50M. Beacon’s services include business valuations, targeted confidential marketing, qualification and pre-screening of prospects, assistance in negotiation and due diligence process in a holistic Transaction Advisory approach.

Terms of the transaction are not disclosed for confidentiality reasons.

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