Profitable Pool & Spa Business

Not Disclosed, MI

West Michigan

Asking Price: Annual Revenue:
$399,000 $325,000

Retail: Pool Sales, Supplies & Services

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RE: Profitable Pool & Spa Business Broker: Steve Huntley
Owner Financing is Available!

Quick Facts

Asking Price: $399,000
Annual Revenue: $325,000
Net Profit: Not Disclosed
Cash Flow: $210,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 451831216
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

It has been a great run for the two owners of this successful West Michigan business which provides installation, maintenance and repair services for pools, spas and hot tubs. After 17 years of successfully running the company, the owners are ready to sell the business and slow down. They are committed to supporting the continued growth of the company which includes comprehensive transition training for a new owner.

Using state of the art equipment, the company offers a variety of services including:

Pool and spa installation
Pool opening & closing
Weekly cleaning & service
Liner replacement
Leak detection & repair
Hot tub repair & relocation

The company also provides computerized water testing for customers and is an authorized service center for several major brands of hot tub and pool equipment.

The customer base of higher income clients is long term and loyal. Despite minimal spending on advertising, the company experienced excellent revenue growth in 2021 and 2022. The business has an outstanding website which provides customers insight into its services and capabilities.

The company currently has its focus on the service side including new liner installations, refurbishing pools, and equipment replacements. Annual cleaning and maintenance of pools & spas helps retain customers long-term. Investing more resources to market the sale of new pools and hot tubs, along with annual maintenance contracts, could offer excellent growth possibilities for a new owner.

Located in the heart of a desirable and growing West Michigan community, the business occupies a leased 1000 square foot facility. All assets are included in the sale - vehicles, office furniture, equipment, tools, and computer equipment. Over the past four years the business has averaged annual revenues of $ 325,000 which resulted in an average annual SDE (SDE = Sellers Discretionary Earnings, the normalized, historical, annual cash flow available to pay an owner-operator and service debt) of $ 160,000 for the same four year period. In 2022, SDE reached a high water mark of $210,000 which was an increase of 30% from 2021’s SDE.

Using a conservative SDE multiple of 2.60x the business is attractively priced at $ 399,000. The sellers envision an asset sale in which they retain cash and A/R while retiring all liabilities. For a qualified buyer, the sellers will carry a mid – five figure seller note.

A typical deal for the purchase of the business looks great: $ 40,000 (10 % of the purchase price) buyer cash, a matching $ 40,000 seller note, and the balance financed by an SBA term loan. Total debt service will be approximately $ 50,000 resulting in a post debt service discretionary cash flow for the buyer of more than $ 100,000 annually.

If you are searching for a profitable business with great cash flow and priced under $ 400,000, this could be the company for you. For more information on this outstanding opportunity please contact Steve Huntley.

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.

Property Features and Assets:

Located in the heart of a desirable and growing West Michigan community, the business occupies a leased 1,000 square foot facility.

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.

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