Asking Price: $299,000 Gross Revenue: $280,000Cash Flow: $25,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $18,000 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This is a very unique opportunity to purchase a profitable business with unique water recreational product that has a U.S. Patent that is good for an additional Ten Years! This home-based business is currently located in North Texas; however, the owner could live anywhere in the world. This unique U.S. Patented product along with other products cater to a wide variety of water recreational users, both fun and sport! The owners developed their original product in 2007 and found a U.S. based manufacturer to fine tune the product and ultimately attained their U.S. Patent. This business has two web sites marketing over 2500 SKU’s of unique products for both pool and patio. Estimated sales for 2018 will top $260,000.00. SDE is $25,000 and the buyer of this company will have this patented product for another Ten Years! The asking Price of $299,000.00 includes all inventory and the transfer of the U.S. Patent and over a dozen Registered Trademarks and URL's. The Patented products account for 80% of the total revenue. Floatstorage.com has an excellent reputation for delivering a high-quality product and is well known for its excellent customer satisfaction. For more information on this Great Opportunity, please contact Tom Diedrich of LINK Business DFW
About the Business
Number of Employees:
The manufacturing plant is on the East Coast of the United States. Home based office is used to house many of the small pool toys and other items are drop shipped by various Suppliers Owners have secured agreement with.
There is absolutely no competition whatsoever on the U.S. Patented product. Nothing even close. Nor has there been an attempt to the best of the Owners knowledge since incorporating. The closest thing to pool float storage are “on the ground” racks that are clumsy, space consuming and generally made of inexpensive flimsy low grade plumbing type PVC. The Companies strategy has always been by carrying a full line of other water recreational products and patio accessories, it can be a “one stop shop” for not only the individual consumer but for small pool and spa store owners as well. There is competition in this space around the country but the Owners have been very successful in matching or beating most competitors prices. And certainly their Customer Satisfaction would put them in first place.
Growth & Expansion:
Yes, additional trade shows. Working a partnership with a Pool retail company, or big box store along with improved marketing. Continue to grow the small and spa retail store business.
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