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Pool Design Company
(Services, Landscaping and Construction)
Passaic County, New Jersey
Listed Price: $ 100,000
Listing ID: SVS360

Listing DetailsGross Revenue: $ 858,699
Cash Flow: $ 152,489
FFE: $ 100,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The purpose of this business transaction is due to the owners 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: 2000
Employees: 6
Absentee Owner: No
LocationLease Expire: 0000-00-00
Type of Location: Home Based
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. 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. For Qualifications purposes, this business opportunity / industry requires a standard state government issued contractors licensing approval to operate in addition to the municipal licenses. 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. 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. This business opportunity is in a free stranding commercial facility, consists of approximately 1,200 square feet plus parking. 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 transaction consists of a fully equipped construction company, which includes,
2013 John Deere 50G excavator. 635 hours.
2013 Chevy Silverado 3500 with 8-foot dump body. 10200 miles.
2013 Belmont, 20-foot dual axle trailer. 9000 miles.
2017 Ford Transit 350HD van. Put down 13,000 made 7 payments on van.
1 8 1/2-foot, western plow bought in 2017, quick detach, little usage.
1 12-foot V Nose enclosed trailer in fair condition. New tires, all vin numbers are available, 40-foot sea container with shelving and assorted pumps and pipe fittings, 2017 Stihl demo saw. Honda 8 horsepower trash pump with hoses. Honda 5 horsepower trash pump with hoses, Assorted power tools, 20-foot sea container, required licenses, web site, social media venues, displays, shelving, POS system, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request.
The owner rents a small commercial facility with appropriate private parking on site for its various vehicles. 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 sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
The purpose of this business transaction is due to the owner retirement out of the state of New Jersey. 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. 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. The 2017 yearly gross income based on his corporate tax returns and represented by the seller / owner is $858,699 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. The business has been valued / priced at $100,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank 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:

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:

Seller financing is avaiable to a qualifed buyer