MergerPlace

Profitable Dealership of Swim Spas

California (Ventura)


  • Asking Price: $775,000
  • Gross Income: $2,483,924
  • Cash Flow: $234,216
  • Real Estate: Not Disclosed
  • Inventory: $750,000
  • FF&E: Not Disclosed
  • Listing ID: #227124
  • Established: 2000
  • Employees:

Business Description

Highly Profitable Dealership of Branded Portable Spas and Swim Spas in a prime location of Ventura County. This well priced, highly respected “Covid-Proof” dealership services a prime upper-end customer base from Ventura County to Santa Barbara County. Similar businesses in this space typically represent one line or manufacturer but this company is an approved dealer of multiple well-recognized manufacturers of spas and swim spas plus other products including chemicals and supplies. This gives the company a competitive edge in being able to offer several options and price points to the customer. The company generates revenue from several categories or divisions which helps diversify its business model and provide consistent revenue. The company has experienced year after year, consistent revenue and profits and demand is projected to be strong for years to come. Even during 2020 with Covid-19, reduced hours, limited marketing and the loss of road shows, and home shows events, the company had strong sales and profitability due to the strong demand for these products. Operation costs have gone down which has helped increase profit margins. Figures in this ad are based on 2020 sales and cash flow. First quarter 2021 sales are up significantly and 2021 is expected to be a strong year. The company has over 120+/- units (spas and swim spas) sold and under contract with a typical 50% down deposits on hand and 50% due prior to shipment to the customer. These units will typically be delivered in the next 30 – 120 days depending on the manufacturer’s production schedule.

As per the seller, future 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 with ailments and illnesses. The overall population continues to improve their homes, and this is a less expensive and easier way to enjoy a spa or swim spa compared to an inground pool or spa that could take months to install and cost 5x more. As per seller, several publications indicate that this industry and its products should continue to be in strong demand for many years to come.

There are several other growth opportunities that the seller will discuss including opening additional, smaller satellite offices. This business has excellent books and records including tax returns. This business has been pre-qualified for an SBA loan with 10% down for a qualified buyer. The purchase price on 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 is approximately $75,000+/- at cost and will be included in 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 6-9 months. This is a unique opportunity to own a highly respected, “Covid-Proof” business in an amazing area of California with excellent customer reviews and 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 or call Matt @ 818-999-9621.


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: $775,000
Gross Revenue: $2,483,924
Cash Flow: $234,216
Inventory: $750,000
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