Growing Spa & Billiard Table Retailer
| Asking Price: | Not Disclosed | Inventory: | $350,000 ** |
| Gross Revenue: | $3,300,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $371,000 (comments below) | FF&E: | $114,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2007 sales | |||
| Cash Flow Comments: 2007 EBITDA | |||
The Company is a retailer of high quality spas, gazebos, spa care chemicals, billiard tables, and other spa and billiards accessories. The Company retails products to homeowners in Washington and also provides certified repair services. The Company’s strong supplier relationships, effective marketing strategies, and proven ability to seamlessly move products from manufacturer to end user allow it to purchase products at deep discounts. The spa sales accounted for 85% of sales in 2006, while billiard tables, accessories, and service account for the remaining 15% of sales.
Key features of the company include:
• Consistent sales growth (6.2% compounded annually from 2004 – 2006) and increasing profitability (between 2004 and 2006 EBITDA increased from $219,000 to $323,000)
• Extensive inventory of high-quality spas, billiard tables, and accessories coupled with excellent service capabilities
• Strong, long-term relationships with suppliers allow the Company to offer deeply discounted merchandise to customers
• Experienced management and staff available to remain with new ownership
Key features of the company include:
• Consistent sales growth (6.2% compounded annually from 2004 – 2006) and increasing profitability (between 2004 and 2006 EBITDA increased from $219,000 to $323,000)
• Extensive inventory of high-quality spas, billiard tables, and accessories coupled with excellent service capabilities
• Strong, long-term relationships with suppliers allow the Company to offer deeply discounted merchandise to customers
• Experienced management and staff available to remain with new ownership
About the Business
Year Established:1981
Employees:10 full time -
Facilities:Company has showrooms and warehouse space located on a 22,000 square foot lot with paved parking. The facilities are located on a busy thoroughfare with thousands of cars passing by each day.
Market Outlook and Competition:The company has been doing exceptionally well compared to its competition, owing in part to its favorable product mix and location at various home shows and fairs throughout the region.
About the Sale
Reason For Selling:To pursue other business interests
Seller Financing:Owners prefer to maximize cash but will consider all proposals.
KEYWORDS: Spa, Spas, Hot Tub, Hot Tubs, Billiards, Pool Tables, Biliard Tables
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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