Highly Profitable “Covid-Proof” Retail Dealership of Branded Portable Hot Tubs and Swim Spas in prime location of Ventura County. This highly respected retail dealership services a prime location and customer base. The company is an approved dealer for several high end and well recognized manufactures of spas and swim spas plus other products. The company has several income divisions which helps diversify its business model. The company has experience year after year consist revenue and profits. Even with Covid-19, reduced hours and the loss of road shows and fairs this year, the company has had incredible sales and profitability in 2020. Operation cost have gone done which has helped increase profit margins. Year to date profitability and cash flow are at record levels. The most recent trailing 12 month P&L shows “cash flow” in excess of $450,000+ which is up from previous years. 2021 is expected to be another strong year with the return of several roads shows and fairs (several of them have been confirmed) plus with the current sale of over 85 units that have recently been sold with deposits on hand and will be delivered in the next 4-9 months. Seller will agree on a fair split with those sales.
As per seller, growth will continue for many reasons including the fact that this product is widely used for Hydro-Therapy and known to help the aging population and to assist with ailments and illnesses. The overall population continues to improve their homes and this is a less expensive way to enjoy a spa or swim spa compared to an inground pool. There are several growth opportunities that the seller will discuss including opening additional satellite offices. Excellent books and records in place. This business has been pre-qualified for a SBA loan. This business includes a large list of furniture, fixtures and equipment and the facility is First Class. Inventory of spas on hand, chemicals and supplies (which vary) is approximately $150,000+/- at cost and will be verified and added to the purchase price at closing. Seller is at retirement age but may consider staying on as a part time sales rep or consultant. This is a unique opportunity to own a highly respected “Covid-Proof” business with excellent customer reviews, in a fun space that generates excellent profits with future growth.
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Excellent location and close to a large customer base First class facility
Seller to discuss
Seller to discuss
Seller will provide training at no cost to qualified buyer.