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BUSINESS FOR SALE - PROFILE #  05221660

Swimming Pool Design & Construction
Southern Connecticut

Asking Price: $900,000   Down Payment: $900,000  
Gross Revenue: $2,125,000   Adj. Cash Flow*: $296,000  
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Executive Summary
Business designs, constructs and maintains residential pool systems for homeowners, initilly 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 current values for operating equipment including trucks and 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 and building are owned by the 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.

Acquisition Highlights

  • Training Information:  4 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1995 Inventory: $100,000 Included
Employees: 16 Furniture, Fixtures & Equipment: $274,600 Included
Lease/Rent: $5,000 Real Estate:
Building Sq Ft: 3,000
    Total Assets Included in Sale: $374,600
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Bob Capozzi
Phone:  (203) 878-0554
Fax:  (203) 876-8766
E-mail:  venture.grp.prtnrs@snet.net
VR Business Brokers - Milford, CT
99 Cherry Street
Milford, CT 06460-3455
The above company and/or agent is a licensed real estate broker/and or a business broker.
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