Swimming Pool Installation, Renovation And Service Business, LI

Nassau County, NY
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Asking Price:$4,850,000
Gross Revenue:$8,200,000
Rent:$8,000/Month
Established Year:1960
Cash Flow:$1,300,000
Inventory:$350,000
FF&E:$350,000
BUSINESS DESCRIPTION

SBA Financing Available to Qualified Buyer with Low Down Payment!

This family owned, long established, full service swimming pool company provides pool supplies, services, construction and renovation of existing pools in Nassau & Suffolk Counties on Long Island. The business is highly profitable and has been pre-approved for an SBA loan, with a low down payment.

The business has been growing, with a nearly non-existent advertising budget.

Ownership is willing to remain for up to a year to assist in transition and to hire replacement management.

Specifically, the company provides the following services:

Pool Design and Installation:
• In-ground gunite pools and vinyl pools.
• Custom-cascade waterfalls and brick & stone patios.
• Pool renovations and vinyl liner replacements.

Service and Repairs:
• Yearly maintenance contracts, including filtration system services, and pool repairs.
• Proper Spring opening and winter closing of pools.
• All pool repairs, specializing in automatic pool cleaners, pool heaters, and vacuum services.

The business also has a fully stocked retail store for quality pool service & maintenance products for trade accounts and home owners to buy pool supplies including:

• A full range of pool supplies including chemicals, water testing kits, floats, and toys.
• Supplies for all pool types: above-ground, semi-inground & inground pools.
• A fully stocked retail go-to store for quality pool service & maintenance products.

The firm has a skilled staff, many of whom have been with the company for over 10 years.


DETAILED INFORMATION
Location
Nassau County, NY
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,000
Lease Expiration
31/12/2035
Employees
45
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates from a company owned building housing both retail sales and office space.
Competition
The business has been in operation for over 50 years and enjoys an excellent reputation in the community, with many repeat customers. The company has not advertised for more than 5 years. Marketing is primarily from past customers & referrals, and the company website.
Growth & Expansion
Ownership believes there is significant room for growth by hiring additional sales personnel, a larger advertising budget and/or opening additional stores.
Financing
Reviewed by SBA lender & pre-approved for loan of $4.365 MM to qualified buyer.
Support & Training
Sellers will remain for up to a year to transition business and to help find replacement management, if necessary.
Reason for Selling
Reirement/Estate Planning
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Angelo
Ferrara
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Angelo Ferrara