Spa & Swim Spa Dealership [Confidential]

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Spa & Swim Spa Dealership - Retail
Asking Price:
$500,000

Gross Revenue:
$570,000
Cash Flow:
$227,000
EBITDA:
$178,000
Inventory:
$100,000
included in asking price

FF&E:
$20,000
included in asking price

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Business Description

2016 = $149k owner benefit (+$22k cleaning/service route profit)
2017 = $178k owner benefit (+$49k cleaning/service route profit)
2018 = $ 89k YTD owner benefit as of MAY 15 (+$30k YTD cleaning route profit) << YTD >>
(Numbers are post audit by our accountant)
<2.5 YEARS OF OPERATION AND $416,000 in retail operations and $99k in Service operations >> $517k OWNER BENEFIT!!!! (Husband and wife team!)

By all accounts, we are up 20% this year over last. So It appears we should see $650-700k owner benefit at the 3 year mark!

Non-compete and Non disclosure required before any additoinal information will be made available.

Owner willing to stay on to train and ensure 2018 is as good or better than 2017
Numbers are based on 30-50 major sales annually
We opened our retail showroom 3 DAYS a week beginning January 2016
By consumer demand in April 2016 we increased our hours open to 5 days a week.

We decided we are not going to be here all of our life and are currently open 37 hours a week in the store and 8 hours each week doing the cleaning/service route. (We could easily sub this out but it is so simple, FUN and profitable we keep doing it.

We have a dealership contract that grants a selling zone from NC to GA - from Coast inland to I-95 including Myrtle Beach SC and Savannah GA as well as all land in between)

We also have the largest per unit discount available for dealers in the country and have won 2 major dealer awards!

This business can be operated by 2 people plus the sub contractors we have in place. (one person can even be part time). We have a new arrangement with an independent crew able and willing to handle repair calls, service calls, cleanings and maintenance and give us HALF their profit on the deals we send them!

We sell a product that is unique and better than all the competition in the area (at greater margin).

Our overhead is so low - we can easily survive a multi year market downturn. World based companies such as Bosch, Boeing, BMW in addition to defense contractors surround our area of operations. These type of mid level employees and management will still purchase during a downturn (I know this because I interviewed 19 dealers during the last Manufacturers dealer meeting and learned how they weathered the economy from 2007-2009 (This business model is built to weather a market down turn).

I believe we have built a phenomenal business that can easily attain 700k annually from its current location with an actual sales person that gets peoples info and follows up with them with targeted marketing practices such as post cards and such. (something we have no motivation to do)

We are retired military and would rather do service part time, travel and not be involved in retail.

IF you are a serious buyer, please study this market and decide if this is right for you before contacting us.

We have a possible partnership opportunity that is still playing out and may happen in June/July. We will only stop pursuing the partnership arrangement if a deposit of $10k is received. Going forward a deposit is non refundable.

Before you invest your time, and ours, please research this industry and see how many spa retail businesses are for sale in this ENTIRE country. Possibly one or two due to retirement! Why? because they are huge moneymakers! Additionally, during a recession, you make your money on service, repair, used spas and the odd high end sale and save up during the up run. I believe there will be an up-run as long as republicans hold on to the majority and Trump is in office.

Spa retail stores are perfect low traffic high margin businesses

Our retail overhead is so low, we only need to sell 10 spas a year to cover it and payroll!

You are buying the rights to the name, the dealership rights, retail store lease (trans

About the Business

Year Established:
2016
Number of Employees:
0
Real Estate:
Leased
Building Sq. Ft.:
1,800
Lease Amount/Mo.:
$1,350.00
Lease Expiration:
5/1/2020
Facilities:
1800 sq ft of rented space with detached one car garage and minimal outdoor storage = $1350 /mo (We also have a 10x30 storage unit just down the street for additional storage).
Computers, desks, counters, display equipment and fully stocked inventory valued at over 200k retail plus a 2008 chevrolet uplander LT customized service/repair van
2016 Toyota 5k forklift 19k owed with under 60 hours
a custom spa dolly delivery trailer and a custom swim spa delivery trailer plus everything needed to conduct mobile tent sales events.
Website:
Carolinaspaco.com
Market Outlook/
Competition:
Only ONE competitor in our local area for spas and they prefer to sell custom pools. We can easily compete and maintain our margins.

We draw from our entire sales arena and beyond. Many retail dealers are not taking care of their customers and/or sell inferior products. We have the worlds best built spas and the best looking! They are absolutely unique and unparalleled when you explain their differences.
Growth & Expansion:
Targeted advertising and working the 2500 + prior repair customer database
Mobile Sales Events - we are even interested in helping with this!

Adding annual inspections, service, repairs, and monthly automated chemical deliveries (something being demanded), would create a huge increase in revenue(Something not being done now). I just do not want to invest additional time into this. A good customer management and tracking software would truly help get this business more organized and allow for lead follow up.
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About the Sale

Reason For Selling:
Ready to retire - Possible owner financing with $250k down
Training/Support:
Negotiable. We are ready to travel and want to do it sooner rather than later.
Open for discussion. I feel i can train anyone to do this in 3 months.
Independent training and certification is available.
I will also tell you what local nefarious CONTRACTORS to avoid
and which ones we use regularly + we have backups for our backups!
Seller Financing:
$350k cash down and $500 a week

Listing Info

ID:
1374794
Ad Detail Views:
376

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Business Listed by
Jenny
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Source: American Community Survey (2010-2014), United States Census Bureau.

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