Listing ID: 81027
This profitable swimming pool contractor netted over $500,000 last year and has an employee who will stay on as QE for a new buyer. Owner is semi-absentee and works from home but handled the engineering aspect of the business. New buyer would need to replace owner or hire this portion of the business out. Because of covid, business was slow in 2020 and 2019. In order to compensate a buyer for this, the seller is open to seller financing or an earn out tied to performance. Serious seller who has prepared his business for sale with the help of a Certified Public Accountant (CPA). He has all the necessary documents ready for due diligence, including tax returns, leases, equipment lists, financial statements and more. Support and Training will be outstanding ensuring a smooth transition. The seller states that the experienced and dedicated staff will all be willing to stay on with the new owner of this business. For more information including a detailed confidential opportunity summary with financial information and photos, please use the form on this page to request more information and the NDA will be emailed to you right away. For a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978) at email@example.com.
- Asking Price: $1,000,000
- Cash Flow: $531,470
- Gross Revenue: $3,151,999
- EBITDA: N/A
- FF&E: $50,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,800
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 2,800 square feet with a Total monthly rent of $3,300. Lease ends 02/2024 with One 5-year options. Seller is active with 6 FT employees. Hours of operation are 9am-5pm, Monday to Friday. $50,000 in FF&E included in the asking Price. Employee will be QE. A10 contractor license required.
The venture was founded in 2010, making the business 12 years old.
The company has 6 FT employees and is situated in a building with estimated square footage of 2,800 sq ft.
The building is leased by the company for $3,300 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell companies. Nevertheless, the genuine reason vs the one they say to you might be 2 absolutely different things. As an example, they may say "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in revenues, or a variety of various other factors. This is why it is really crucial that you not rely absolutely on a vendor's word, however rather, make use of the seller's response together with your total due diligence. This will repaint a more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover items like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that profit margins are too small. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in new consumers? Often times, companies have repeat customers, which form the core of their everyday earnings. Particular aspects such as brand-new competition sprouting up around the area, roadway construction, and staff turnover can influence repeat customers and also adversely impact future incomes. One vital thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning client base. A last thought is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the local average house earnings effect future earnings prospects?