This business operates with semi-absentee ownership. The owner serves as the face of the business and as the leader to the well trained staff. Ordering inventory, interacting with customers, and acting as liaison to product manufacturers are the main roles of this owner. All of these duties could easily be transferred to a general manager. The exceedingly knowledgeable and self-sufficient staff successfully handle day to day operations. Manufacturers provide updated training as needed for the products offered.
This business offers a multitude of products with unlimited potential for home recreation and wellness from top manufacturers in a billion dollar a year industry. The business currently serves a 60 mile radius without any limitations to expand further.
In addition to the large variety of spas, Family Time Spas offers infrared saunas, swim spas, pool chemicals and accessories, pool covers, hot tub covers, plus spa chemicals and accessories. High-end massage chairs are offered, along with outdoor patio furniture, assorted game-room amenities such as poker tables, arcade games, dart boards and video games. All added amenities are designed to bring the home recreation space to a higher level. Above-ground swimming pools, manufactured by Dough Boy, are available in a wide variety of sizes along with accessories. Hot tubs are 95% of sales, pools and saunas contribute the other 5% of sales.
Financial Information
$1,900,000
Asking Price
$600,000
Cash Flow
$2,200,000
Gross Revenue
N/A
Down Payment
Business Location
City:
Grand Junction
State:Colorado
Reason for Sale
Retirement.
Detailed information
Year Established:2015
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 5
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: No
Inventory Value:
$180,000
Monthly Rent:
$4,900
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 6600
FF&E Included?: Yes
FF&E Value: $215,000
Training/Support
Owner will ensure smooth transition.
Facilities
The Business operates in a 2,600 sq ft facility in a prime business district. The business also utilizes an additional 4,000 sq ft of storage in a building behind the showroom.
Market Outlook/Competition
One other competitor in the market exists but does not offer the same product lines. This company offers a multitude of products. The brands carried have a proven track record in overall sales and popularity. Plenty of trade exists for the products in the region. Family time Spas offers an extensive hot tub service and maintenance department and professional delivery and setup of its spa lines. Company sells to some high-end mountain communities, many more within easy travel distance exist.
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