Listing ID: 79452
When it comes to high end pools this pool construction and renovation business is among the top in the tri-county area. Not only does this business cater to the high end home owner. but also has great relationships with various custom home builders that require the best for their clients. The business space is leased and includes a showroom for customers to pick their materials and colors along with ample warehouse and yard space to house equipment and inventory. Owner looking to retire but willing to qualify business in order to help new buyer obtain their own license. This business contains other streams of revenue as well that may be beneficial to a new buyer Included in the sale is plenty of equipment to work on multiple jobsites.
- Asking Price: $575,000
- Cash Flow: $102,203
- Gross Revenue: $1,109,787
- EBITDA: N/A
- FF&E: $200,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:800
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
other business interests
The business was established in 2015, making the business 7 years old.
The sale does include inventory valued at $15,000, which is included in the suggested price.
The company has 7 employees and is located in a building with approx. square footage of 800 sq ft.
The real estate is leased by the business for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. Nevertheless, the real factor and the one they tell you may be 2 totally different things. As an example, they might state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of other reasons. This is why it is very important that you not rely completely on a seller's word, however instead, make use of the seller's answer together with your overall due diligence. This will paint an extra sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering things like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that profit margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract new consumers? Many times, companies have repeat consumers, which create the core of their daily earnings. Certain variables such as brand-new competition sprouting up around the area, roadway construction, and also staff turn over can affect repeat customers and adversely affect future profits. One important point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the chance to develop a returning client base. A last idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional median household earnings impact future earnings prospects?