Business For Sale

Custom Pool Sales & Installation

Not Disclosed, NJ
Passaic County


Asking Price: Annual Revenue:
$100,000 $865,699

Services: Non-classifiable


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RE: Custom Pool Sales & Installation Broker: Ron Cervelli
Owner Financing is Available!
Can be considered to a qualified buyer.

Quick Facts

Asking Price: $100,000
Annual Revenue: $865,699
Net Profit: Not Disclosed
Cash Flow: $152,498
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 5
BBN Listing #: 72443909
Broker Reference #: SVS377

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Business Overview:

This wonderful business opportunity has been a family owned and operated business for the past twenty years and continues to develop its operation and pride in a hands-On-company operation. They are committed to making the customers dreams a reality, from the first phone call, through the completion of the beautiful pool and they offer outstanding service with the best products. For many years this company has been designing and building quality inground swimming pools and spas for families throughout the New Jersey tri state area. The company has a long and rich history in the swimming pool industry and for many years have been offering the highest quality swimming pools to its many customers. They have been recognized for its reputation for excellence which is well earned because they provide high value products and service to their customers. Their customers have found their pool pricing to be fair, competitive with the best quality products. For Qualifications purposes, this business opportunity / industry requires a standard state government issued contractors licensing approval to operate in addition to the municipal licenses. Regarding employees and payroll, this pool design construction company routinely has four to six full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $15,000. The business transaction has an assignable commercial lease which expires 2019-01-01, plus additional options available, with a monthly rent of $1,000, cost per square foot is estimated at $8.00 and rent security of approximately $1,000. The business fixed assets has a minimum estimated value of approximately $100,000 which is specifically based on the original equipment and licensing replacement cost. This style of constructions company is operational eight months per year with a five to six-day work week, hours from 8:00 am to 5:00 pm. The 2017 yearly gross income based on his corporate tax returns and represented by the seller / owner is $865,699 and the business has a yearly net income of approximately $152,498 based on an onsite owner operator and prior to any debt service. Also, a formal due diligence is recommended to the purchaser. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

The company as a partial home-based operation functions out of a small commercial space and the owners private home office. This business opportunity functions in the tri state area, is in Northern New Jersey, Passaic County, which consists of various affluent and highly populated communities with continued demand for this product / industry.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business can be further expanded by the new operator, the company presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.

Reason for Selling:

The owner is retiring and relocating out of state.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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