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Hot Tub Sales/Service & Supplies Business

Michigan
listing image
Asking Price:$695,000
Gross Revenue:$2,300,000
Rent:$3,450/Month
Established Year:2013
Cash Flow:$150,000
Inventory:$250,000
FF&E:$150,000
Listing ID: 2012369Listing provided by BizBuySell
BUSINESS DESCRIPTION

Since acquiring the company many years ago, the current owners have grown and upgraded the business into the top line operation that exists today. Operating from two locations strategically situated within the assigned territories, the business sells and services top of the line hot tubs, spas, chemicals and related products and provides exclusive service to those customers who have purchased a unit over the years. The company currently has over 3,000 customers in their database who continue to purchase chemicals and rely on the company for service when needed. As a dealer for two major brands of hot tubs, the company benefits from national advertising and name recognition of these particular lines as well as an ongoing local marketing program to generate business. The dedication to quality service is what sets this company apart from competitors and would make a strong addition to another regional hot tub dealer or service company. A unique opportunity to acquire a strong company with a solid history and reputation. Sellers will consider all proposals for merger or acquisition.

DETAILED INFORMATION
Location
Michigan
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
10,000
Lease Expiration
31/12/2024
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The company rents two facilities, one for each retail location, some 40 miles apart. The main facility is 10,000SF; 7,000SF consisting of a private office and a large area for chemical sales and hot tub displays. There is also 3,000SF of storage and warehousing for tubs and inside storage of equipment. The second facility consists of two buildings, one at 2,400SF, which is for customers to purchase chemicals and view hot tubs on display. There is also a separate building on the property that is used for equipment and overflow inventory storage.
Competition
The company is the leading dealer in the region and represents two of the industries major hot tub brands. Working with established and protected territories, the room for growth only continues to improve. The main competition is from large national retailers who cannot provide the personal delivery and service that this company enjoys.
Growth & Expansion
As a designated sales outlet for the two major hot tub brands on the market today, the company enjoys established and protected territories, so there is considerable room for growth and ongoing service.
Support & Training
The owners will provide adequate training and orientation as part of the sale price.
Reason for Selling
The owners are looking to slow down in anticipation of retirement
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Roger Rumble
The Stratford Associates, Inc.
Phone Number
Roger Rumble
Call Phone