MergerPlace

Highly Profitable Dealership of Spas

California (Ventura)


  • Asking Price: $995,000
  • Gross Income: $2,379,689
  • Cash Flow: $346,244
  • Real Estate: Not Disclosed
  • Inventory: $110,000
  • FF&E: Not Disclosed
  • Listing ID: #225102
  • Established: 2000
  • Employees:

Business Description

2020 WAS A GREAT YEAR FOR THIS BUSINESS WITH OVER $346,000 IN CASH FLOW.

Highly Profitable Dealership of Branded Portable Spas and Swim Spas in a prime location of Ventura County. This highly respected, “Covid-Proof” dealership services a prime location in Ventura County and an upper-end customer base. The company is an approved dealer of several high-end and well-recognized manufacturers of spas and swim spas plus other products including chemicals and supplies. The company generates revenue from several categories or divisions which helps diversify its business model. The company has experienced year after year, consistent revenue and profits. Even during 2020 with Covid-19, reduced hours, and the loss of road shows, and home shows this year, the company has had incredible sales and profitability this year. Operation costs have gone down which has helped increase profit margins. 2020 profitability and cash flow are at record levels. Figures in this ad are based on 2020 sales and cash flow. 2021 is expected to be a strong year with the return of several road shows and home shows that have already been confirmed. As of January 2021, the company has over 120+/- units (spas and swim spas) that have recently been sold with deposits on hand and will be delivered in the next 30 – 120 days. Seller will agree on a fair split with those sales.

As per the 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 and easier/quicker way to enjoy a spa or swim spa compared to an inground pool or spa. As per seller, several publications indicate that this industry and product should continue to be strong for years to come. These high-end above ground units are much more efficient and easier to install compared to in-ground units that take months to install.

There are several growth opportunities that the seller will discuss including opening additional satellite offices. Excellent books and records are in place. This business has been pre-qualified for an 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 $110,000+/- at cost and will be verified and added to the purchase price at closing. Seller is at retirement age but will consider staying on as a part-time sales rep or consultant for up to 6 months. This is a unique opportunity to own a highly respected “Covid-Proof” business in an amazing area of California with excellent customer reviews, in a fun space that generates excellent profits with future growth.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email info@certifiedbizbroker.com to receive a confidentiality agreement and learn more about this opportunity.


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: California
County: Ventura

Company Information

Year Established: 2000
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees:

Financial Information

Asking Price: $995,000
Gross Revenue: $2,379,689
Cash Flow: $346,244
Inventory: $110,000
Seller Financing Available: Yes

Property Information

Facilities:

Excellent location and close to a large customer base First-class facility

Growth & expansion opportunities:

Seller to discuss

Competition:

Seller to discuss

Reason for selling:

Retiring

Support & Training:

Seller will provide training at no cost to qualified buyer.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Matt Coletta

Certified Business Broker