Spa Service Business, 110% Growth over 8-years

Not Disclosed, MD


Asking Price: Annual Revenue:
$720,000 $310,000

Retail: Pool Sales, Supplies & Services


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RE: Spa Service Business, 110% Growth over 8-years Broker: Steve Palmer
Owner Financing is Available!
Owner Financing Terms $520,000.00 Owner Financing Interest 7% Owner Financing Terms Months 60

Quick Facts

Asking Price: $720,000
Annual Revenue: $310,000
Net Profit: Not Disclosed
Cash Flow: $145,000
Total Debt: Not Disclosed
FF&E: $7,850
Real Estate: Not Disclosed
Year Established: 2013
Employees: 1
BBN Listing #: 48662708
Broker Reference #: 3122021-665131

Email or Print Listing

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Business Overview:

Hot Tub Service Business, 110% Growth over 8-years

This profitable, highly rated, and growing hot tub repair business is perfect for the mechanically-minded entrepreneur.

Highlights of the business include:

-- It services an under-served niche industry - which makes it easy for new owners to pick up, makes the business very referrable, and has allowed the current owner to build a loyal customer base of 6,000 members and growing.

-- It is impeccably well reviewed, currently sitting on a 4.9 out of 5-star review on Google

-- Revenues have grown year-over-year and are up over 40% since 2019

-- Revenue growth has allowed the owner to add a second van, and they are actively looking to hire a third to meet increasing demand.

-- For 2021, the owner made $145,000 in total Discretionary Earnings, with over $30,000 of that being cash!

The numbers are verified by tax returns and are based on 11 months of work. The owner chooses to take the month of January off.

Inventory consists mostly of the 2018 Nissan 2500NV with low miles, full shelving, and fully stocked.

Also, be sure to ask about how why this is the PERFECT business to franchise, and the potential growth opportunities that franchising presents.
The business opened in 2014, and revenue has grown steadily since. 2021 revenue is projected to be over 110% higher than 2014, and 36% higher than pre-COVID times.
Avenues of potential growth include adding more crews to cover the current territory (there is currently a 3 week wait period for services, so the demand is there) as well as turning this business from a local services-based business into a national franchise.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

retirement

Additional Details:

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

Relevant Links:

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