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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Custom Pool Sales & Installation
(Services)
Passaic County, NJ
Listed Price: $ 100,000
Listing ID: SVS377

Listing DetailsGross Revenue: $ 865,699
Cash Flow: $ 152,498
FFE: $ 100,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The owner is retiring and relocating out of state.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2000
Non-owner Payroll: $ 15,000
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 1000
Monthly Rent: $ 1,000
Square Footage: 1200
Facilities:

The company as a partial home-based operation functions out of a small commercial space and the owners private home office. This business opportunity functions in the tri state area, is in Northern New Jersey, Passaic County, which consists of various affluent and highly populated communities with continued demand for this product / industry.


SummaryBusiness Description:

This wonderful business opportunity has been a family owned and operated business for the past twenty years and continues to develop its operation and pride in a hands-On-company operation. They are committed to making the customers dreams a reality, from the first phone call, through the completion of the beautiful pool and they offer outstanding service with the best products. For many years this company has been designing and building quality inground swimming pools and spas for families throughout the New Jersey tri state area. The company has a long and rich history in the swimming pool industry and for many years have been offering the highest quality swimming pools to its many customers. They have been recognized for its reputation for excellence which is well earned because they provide high value products and service to their customers. Their customers have found their pool pricing to be fair, competitive with the best quality products. For Qualifications purposes, this business opportunity / industry requires a standard state government issued contractors licensing approval to operate in addition to the municipal licenses. Regarding employees and payroll, this pool design construction company routinely has four to six full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $15,000. The business transaction has an assignable commercial lease which expires 2019-01-01, plus additional options available, with a monthly rent of $1,000, cost per square foot is estimated at $8.00 and rent security of approximately $1,000. The business fixed assets has a minimum estimated value of approximately $100,000 which is specifically based on the original equipment and licensing replacement cost. This style of constructions company is operational eight months per year with a five to six-day work week, hours from 8:00 am to 5:00 pm. The 2017 yearly gross income based on his corporate tax returns and represented by the seller / owner is $865,699 and the business has a yearly net income of approximately $152,498 based on an onsite owner operator and prior to any debt service. Also, a formal due diligence is recommended to the purchaser. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business can be further expanded by the new operator, the company presently has a limited marketing plan, no local advertising, poor web site and if improved can further develop the business yearly gross sales.


Financing/Terms:

Can be considered to a qualified buyer.