Listing ID: 79188
In business for over 25 years this is an established, profitable pool builder in northeast Florida. They build approximately 40 pools per year with contracts in the sales pipeline to stay busy for most of 2022. Great opportunity for someone in the business to acquire and scale, or an individual interested in acquiring a business with robust sales.
- Asking Price: $1,500,000
- Cash Flow: $547,000
- Gross Revenue: $1,419,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
2 Weeks at no cost
The venture was founded in 1995, making the business 27 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. Nonetheless, the real factor vs the one they tell you may be 2 completely different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be justifications to attempt to hide the reality of changing demographics, increased competition, recent decrease in profits, or an array of various other factors. This is why it is very crucial that you not count totally on a seller's word, however rather, utilize the vendor's solution in conjunction with your general due diligence. This will paint an extra realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many companies take out loans in order to cover things like inventory, payroll, accounts payable, and so on. Remember that in some cases this can indicate that profit margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be fulfilled or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new customers? Most times, operating businesses have repeat customers, which form the core of their daily earnings. Particular elements such as brand-new competitors growing up around the area, roadway building and construction, and personnel turnover can affect repeat clients and also negatively influence future earnings. One vital thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the higher the opportunity to develop a returning client base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the regional average family income impact future income prospects?