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Asking Price$3,500,000
Revenue$6,700,058 Established1962
Cash Flow$562,711 Employees23 full-time
FF&EUndisclosed FranchiseNo
Inventory$1,000,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Established since the 1960's in Miami (South Florida). Original Family - owners/ operators. This business sells through its retail locations, and has a wholesale distribution division for sales to independent dealers, internet resellers and retailers. Large selection of exclusive high end hot tubs, barbecues - grills, functional and decorative fireplaces and related accessories. One of the largest selections available. In addition, this company designs and installs prefabricated and custom outdoor kitchens. Long standing relationships and distributor status on several lines will transfer to the new owner. Profit margins higher than average due to distributor status. Sellers will help transition the business and continue to qualify the installations if needed. This is a unique opportunity to take over a long standing and very profitable niche in South Florida. Some ways to increase the revenue include developing an e-commerce division, opening additional locations and increasing marketing efforts to add more independent dealers. Long term, favorable lease will be offered by the sellers who are also the property owners. Price includes an estimated One Million dollars of active inventory (subject to fluctuation). Additional inventory is available if desired but is not included in the sale price. This can be an E2/ L1/ EB5 Visa opportunity. Pre-Approved for an SBA loan combined with a standby seller note. Proof of funds and bio required to receive additional information.
Facilities:Two retail showroom / offices and a wholesale distribution warehouse. The real estate is also available for sale. Top retail locations in Miami and Ft. Lauderdale. The affluent clientele support the high price points. This is a turnkey operation. Fully staffed with long term experience employees. Rent is 37k per month for three locations. Seller is also open to selling the real estate in addition to the purchase price.
Competition:This is truly a niche business with limited direct competition. The high than average profit margins offer a competitive advantage.
Growth Potential:GROWTH: Increase the number of local dealer and internet reseller accounts for distribution. Open additional retail locations with demographics similar to the current stores. Develop an Internet – Online Sales presence.
Training/Support:Sellers will assist in a transition period and stay on post closing. The salary of one of the partners to remain with the business has already been factored into the EBITDA.
Seller Financing:SBA Loan combined with standby seller financing
Sale Reason:Please Call
Ad #142382
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Contact This Seller
Brian Zoberg
Suncoast Business Consultants
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