Business ID: BS------
Exceptional Growth & Forward Orders, Sale Price $1.5M plus SAV
This business sells a range of pools and an exclusive range of spas and swim spas. Operates out of a large showroom and warehouse located on a high exposure corner site. The year-on-year growth is over 55% as a result of the ongoing demand for pools and spas nationally. The business is highly profitable to an owner-operator yet has further room for growth.
Sales in FY21 were $4.04m (12 months). Sales in FY22 YTD are already in excess of $4.0m (7 months). EBITDA in FY21 was $454k, EBITDA in FY22 forecast to be $900k+.
The business has a contract with a national retailer to supply spas across Australia (contract currently under-utilised and could provide huge upside if leveraged correctly).
-Demand for pools and spas has never been higher
-30 to 50 per cent increase in demand for pools and spas across the country in 2021 (Swimming Pool and Spa Association of Australia (SPASA))
-Business has received multiple ‘Awards of Excellence’ over a number of years from SPASA
-Close working relationship with spa manufacturer, exclusive distribution agreement in place for Australia
-Large range of pools to suit most tastes, needs, and budgets (high quality fibreglass pools manufactured in Australia)
-Great team of experienced staff and subcontractors that fulfil all day-to-day roles in office and on site
-Ideal business for a hands on owner operator or partnership
The Business is for sale at an asking price of $1,500,000 plus Stock at Valuation. Stock will be sold on an at cost basis (landed cost). Stock can vary considerably week to week depending on the sales cycle and supply out of China. Forward orders and stock to be adjusted at settlement, as agreed between the parties. Handover and training available, if required.
The business is most suitable for an owner-operator with a trade or construction background. Some business and project management skills would also be beneficial.
A Domestic Builder’s Licence (Limited to the Construction of Swimming Pools and Spas) is required to operate as a pool builder (refer to Victorian Building Authority for more detail)
Asking Price: $1,500,000 plus Stock at Valuation