Profitable Pool and Spa business including Real Estate. SBA Prequalified!
Location: Maine > Somerset County
Industry: Building and Const. Services > Other Services
Financials
Asking Price: $525,000
Gross Revenue: $559,000
Cash Flow: $117,253
Inventory: $179,151 (Included in Asking Price)
FF&E: $118,617 (Included in Asking Price)
Real Estate: $280,000 (Included in Asking Price)
Seller Financing: This business has already been SBA pre-qualified. Owner would prefer not to provide seller financing, but this could be negotiable in the right situation.
Business Summary
Platinum Partners Group is pleased to offer this wonderful business opportunity with real estate and plenty of room for sales growth and growing profits. This company has a stellar reputation in their marketplace for the services they provide. They have both retail operations selling Pool and Spa Equipment and supplies as well as installation operations to setup and deliver in-ground pools, above ground pools, and spas. With a new owner to bring new energy, there are so many areas for growth and expansion that it makes for a very appealing opportunity, and at the current price is priced to sell and make a very strong return for the investor.
About the Business
Year Established: 1983
Employees: 9 full time -
Facilities: The business is housed in a new building located on over 4 acres along a very busy state road. The facility includes 2,400 SF of warehouse space with a hi-bay overhead entry, 1,000 SF of Mezzanine storage and an attached 2,000 SF retail sales and showroom area.
Market Outlook and Competition: There is virtually no competition in the area, and those close by subcontract most of their work and as a result quality is not as good as this seller's, and their reputation reflects that. Good size markets like Farmington, Waterville, Augusta and even Bangor have plenty of room for this co. This company has been successful for this long as a result of their quality and that's how they've stayed ahead of the competition. They install quality, stand behind it, which bring plenty of referral business. The growth opportunities are significant. With new creative energy, new owners could increase advertising to promote weekly specials on Spas and accessories, and could add to the accessory line with items such as deck furniture, etc. New owners could also increase the service radius, Bangor, Augusta, Lewiston, etc. There are also many service offerings that a new owner could add and expand upon. Among those could be: * Landscaping and stone work around the pools they install * Water Delivery * Cleaning and Service Contracts There are many options
About the Sale
Management Training and Support: The seller will help train the new owner. Current employees are also very capable of contributing to the training needs of the new owner.
Reason For Selling: Retirement
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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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