Swimming Pool Design & Construction

Roxbury, CT (Litchfield County)

Swimming Pool Design & Construction
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Asking Price: Get Financing: $900,000

Cash Flow: $296,000

Gross Revenue: $2,125,000

EBITDA: $296,000

FF&E: $274,600

Inventory: $100,000

Lease Rate: $20 /Month

Established: 1995

Swimming Pool Design & Construction

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Business Description

Long Established Swimming Pool Contractor

Business designs, constructs and maintains residential pool systems for homeowners, initially either as part of an original architect's design of a newly constructed home or as an addition to an existing residence. In addition, Company provides a full retail inventory for its customers. Revenue of about $2 million annually is split roughly 50/50 between contractor services in building the pools plus the retail sales to maintain and refurbish them. Retail carries a gross margin of about 45%. Accordingly, the Company splits its financials into two separate LLC's for this purpose, one for contracting and one for retail. Included in the purchase price of $900,000 is roughly $300,000 at estimated values for operating equipment including trucks & excavators plus retail inventory of $100,000. Company employs 12 in the construction group and 4 in retail/administration. Owner has three licenses, namely, Home Improvement, Plumbing & Piping and Swimming Pool Builder's licenses. Seller will allow purchaser to operate under these licenses until purchaser obtains his own. Company operates out of a 3,000 sq.ft. building on an acre of land. Both land land and building are owner by seller. A lease will be offered for $5,000 per month ,triple net, or $60,000 per year for five years with a five year renewal option. Owner developed this business from scratch and has run it for over 20 years. He operates mostly in Western Connecticut. A non-compete agreement of 20 miles for 5 years is offered.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
10/25/2023
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Operates in 3,000 sq.ft. building on an acre of land. Amount of large pieces of equipment requires considerable space.
Competition:
Competition is somewhat limited due to a amount of initial investment required.
Growth & Expansion:
Aggressive marketing program could be effective for growth as well as expanding geographical area.
Financing:
Seller is landlord
Support & Training:
Owner will stay to train purchaser as agreed upon.
Reason for Selling:
Owner has other business interests
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Contact the Seller

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Bob Capozzi

Business Listed By:
Bob Capozzi

VR Business Brokers/Venture Group Partne

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