Pool Supplies Store (Large Growth Opportunity)

Knoxville Metro, TN


Asking Price: Annual Revenue:
$414,900 $513,796

Retail: Non-classifiable


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RE: Pool Supplies Store (Large Growth Opportunity) Broker: Matteo Valles

Quick Facts

Asking Price: $414,900
Annual Revenue: $513,796
Net Profit: Not Disclosed
Cash Flow: $152,752
Total Debt: Not Disclosed
FF&E: $24,656
Real Estate: Not Disclosed
Year Established: 1994
Employees: 1
BBN Listing #: 99959542
Broker Reference #: KNOXVTN002-N32

Email or Print Listing

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Business Overview:

Perfect entry business for anyone thinking about owning their first business. With almost no marketing, customers return to the retail location year after year. All the owner needs to do is make sure they have enough product for the customers to buy and employees to serve them. Combined with an employee who can run the store without the owner for a week at a time and the support from suppliers, this is a perfect starter business. This company, based in the Knoxville area, has been in business for 27 years and is a well-established pool supplies retailer in their area. In 2020, this company earned $513,796 in revenue and $149,879 in seller discretionary earnings (SDE) or 29% of revenue. From 2017 to 2020, revenue has increased 29% from $398,597 to $513,796. This growth is largely attributed to the number of households installing pools over the years. 2021 is continuing this growth trend with in-store product sales up 25% over 2020 thus far. Net profit has already hit $152,752 through the end of May in 2021. This company has tremendous room for growth under a new buyer. For personal reasons, the owner only provides retail pool supplies and no service component. With a list of thousands of active customers and customers asking for service-related work, this could easily be added onto the business. Customers are currently asking for this company to offer a weekly cleaning service, pool openings and closings, maintenance, installation, and more. Due to this company’s focus on customer service, they have built a strong reputation among their customers and the owner believes that this is what sets them apart from their competition. The business employs 1 full-time, year-round employee who can manage all aspects of the store without the owner present. During the summer, 4-6 seasonal employees are hired as well.

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Reason for Selling:

Retirement

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.

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