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East Valley

  • Listing No.: 115-11089

  • Category: Landscape/Pool, Retail

Asking Price $565,000.00
Down Payment $395,000.00
Gross Revenue $1,183,104.00
Total Adjusted Net Income $206,000.00
Equipment / Fixtures $5,000.00
Year Established 1982
General Location East Valley
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Great opportunity to acquire a well established residential Pool and Spa store in the East Valley. This store's principal business is selling Spas and Swim Spas and has many celebrity athletes and clients all over the Valley. This shop is also well-known as the go- to place for spa pump repairs and chemicals. The store has been in the same area for over 25 years and under the same owner for 14 years. Great building with plenty of warehouse storage was built out in 2016. This sale comes with an estimated $150k in inventory of spas, pumps, spa electronics, heaters, parts, and chemicals as well as two service vehicles. This business has seen steady growth over the past few years with sales topping $1.1 Million in 2018.   Knowledgeable, long-term employees. Owner works approximately 40 hours per week and is willing to stay on for up to 60 days to ensure a smooth transition. This business is pre-approved for SBA financing for a buyer with good credit, related work experience and a minimum 20% down payment.

Gross Revenue $1,183,104.00 Listed Price $565,000.00
Total Income $206,000.00 Down Payment $395,000.00
Base Rent $5,974.00 Square Feet 2700
Total Rent $5,974.00 Lease Expiration 8/2024
Rent Deposit $6,000.00 Lease Options 1/5 years
Inventory $150,000.00 Leasehold Improvements
Equipment / Fixtures $5,000.00 Other Assets service truck, service van, forklift
Full-Time Employees 6 Training Period 60 Days
Part-Time Employees Special License Required
Contract Staff Reason for Selling Owner is looking for more time to spend with family

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.