Business Under Offer NEW SOUTH WALES 2300, New South Wales
Business Category Other Retail Pool Services Product Manufacturer
Under Contract / Offer
Under Offer! Australia’s Leading Online Supplier Of Pool Parts And Accessories - Nsw
Business ID: BS145537
FY20 T/O $7.5m, income to working owners $750K.
Established over 30 years ago, this business generates 80% from prepaid online orders and 20% from over the counter retail sales.
It has the largest catalogue of parts and accessories (16,000 items) in the online pool market and this has helped create a database with many thousands of customers, many of whom are repeat customers. It dominates its local market and supplies most of the other pool companies and service people with spares that other suppliers do not stock.
It also generates revenues from equipment repairs both in-store and on-site.
-Great cash flow
-No bad debtors
-Multiple income streams â€“ Parts, Accessories, Chemicals and Service
-Local, national and international customers
-10 online stores
-Websites based on Neto and integrated with Xero
-50+ â€˜parkedâ€™ domain names to stifle competition
-Experienced staff in place
There are many experienced staff in place and as such the vendors believe that a handover period of one month maybe sufficient and more than required if the purchaser already works in the industry. That said they will also provide a further 12 months of support by phone or email.
A 10% deposit is required before Due Diligence commences and the balance is due on Settlement.
With over $1.4m of stock on hand, the vendors have made a concession to reduce the payment required for the stock to $700,000 in order to avoid the need for a stocktake of all items.
There is sufficient experience within the current staff for the business to run under management if the purchaser prefers. There is genuine scope for further growth in both the sale of parts, accessories and services in local and overseas markets.
As a result of this concession, the selling price for Goodwill, Assets and Stock is $2.55m. This is a NON NEGOTIABLE PRICE.
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.