Listing ID: 79371
Southwest Florida’s leader in swimming pool restorations offering complete modernization of pool and spa surfaces, lanai decks, pavers, water features, fire bowls and much more. Company offers a total approach to every job with customer service and support, before, during and after the job is complete. Skilled and experienced staff in place consisting of project managers, field techs, office admins, customer support and sales representatives. After years of building the company and strategic exit planning, current ownership now enjoys a watchful eye approach allowing for a flexible schedule and minimal involvement. INCLUDED IN THE PURCHASE PRICE is $1.160MM of accounts receivable, $835,000 of income producing real estate (appraised value) and extensive equipment list making this one of the best deals on the market. SBA Lender Pre-Qualified with $550,000 Down. Terms are Approximate.
- Asking Price: $3,335,000
- Cash Flow: $541,254
- Gross Revenue: $3,735,384
- EBITDA: N/A
- FF&E: $26,000
- Inventory: $12,000
- Inventory Included: Yes
- Established: 2005
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
The company was started in 2005, making the business 17 years old.
The deal will include inventory valued at $12,000, which is included in the suggested price.
The business has 16 employees and is located in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell operating businesses. However, the true reason vs the one they say to you may be 2 totally different things. For instance, they may say "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or a range of various other factors. This is why it is very crucial that you not depend absolutely on a seller's word, but instead, make use of the seller's solution together with your overall due diligence. This will repaint a much more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies finance loans with the purpose of covering things like inventory, payroll, accounts payable, etc. Remember that occasionally this can suggest that revenue margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new consumers? Most times, operating businesses have repeat consumers, which form the core of their day-to-day profits. Particular aspects such as new competitors sprouting up around the location, road construction, and personnel turnover can impact repeat clients and negatively affect future earnings. One important thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the higher the chance to build a returning client base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood mean home income impact future income prospects?