Listing ID: 79399
Profitable, low expense, high revenue, recession-proof, COVID proof swim school! We have a great team, passionate about water safety, that provides lifesaving skills on a year-round basis. This swim school has had tremendous growth year after year. Our swim school employs a roster of highly trained, professional swim instructors to help you and your family stay safe in the water. We are passionate about swimming and believe in teaching life-saving skills in a safe environment using a nurturing method that builds self-confidence.
- Asking Price: $535,000
- Cash Flow: $351,256
- Gross Revenue: $571,138
- EBITDA: $265,256
- FF&E: N/A
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:22
- Furniture, Fixtures and Equipment:N/A
This business is currently ran out of my home. The purchase of my home is also a possibility as it is being sold separately. In the past, we have ran this business out of various daycare pools and hotel pools in the area. We have also had partnerships with the local parks and recreation to use their facilities. Lots of opportunities to explore for location options! (Home Based)
2 weeks/14 days @ no cost
We are in a great suburb of Atlanta with a high, dense population. In comparison, there are limited options for swim lessons. The local parks & recreation houses a minimal amount of lessons. There is another competitor with year-round swim lessons that operates as a private business as well. One other private business out of a home that operates summers only. All providers in our area are constantly full of long waitlists, so there is plenty of growth for business expansion.
For years, we have been on a continuous growth cycle of 10-40% per year. In 2019, we had a 20% growth over 2018. Because of COVID, we had to close for 2 full months in 2020, then reopened in a conservative nature. Because of this, 2020 revenue was almost equal to 2019. However, 2021 is on track to be 38% higher in revenue so far. In addition, we have almost 100 customers on waiting lists, so there is room for even more growth!
This Business Is Home Based
The venture was founded in 2011, making the business 11 years old.
The deal does include inventory valued at $1,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell companies. Nevertheless, the genuine reason vs the one they say to you might be 2 totally different things. For instance, they may say "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a variety of other factors. This is why it is really important that you not depend entirely on a seller's word, however instead, utilize the vendor's solution together with your total due diligence. This will paint an extra reasonable picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that revenue margins are too tight. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in brand-new clients? Most times, businesses have repeat customers, which form the core of their day-to-day revenues. Certain aspects such as brand-new competition sprouting up around the location, road construction, and also employee turnover can affect repeat consumers and negatively affect future profits. One essential thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the possibility to develop a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? How might the local typical family income impact future revenue prospects?