Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Custom Pool Sales & Installation
(Services, Landscaping and Construction )
Passaic County , NJ
Listed Price: $ 195,000
Listing ID: CONST102

Listing DetailsGross Revenue: $ 719,412
Cash Flow: $ 185,297
FFE: $ 100,000 (Included in Price)
Reason for Sale:

The purpose of this business transaction is due to the owner’s retirement.


Training & Support:

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


OperationsYear Established: 2011
Non-owner Payroll: $ 15,000
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 2000
Monthly Rent: $ 1,500
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 in-ground 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. The business transaction has an assignable commercial lease which expires 2019, plus additional options available, with a monthly rent of $1,500, cost per square foot is estimated at $8.50 and rent security of approximately $2,000. 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 has been valued / priced at $195,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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:

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:

May be available to a qualified buyer.