Leading Spa Retailer in Highly - Sought Gatlinburg Area - Exponential Growth
Financial Information
- Asking Price: $875,000
- Gross Revenue: $2,500,000
- Cash Flow: $381,000
- Down Payment: 0
- FF&E (Not Included): N/A
- Inventory: N/A
- Financing: No
Business Location
- Sevier
- Sevierville
- Tennessee
This company is a full-service retailer of spas, parts, chemicals, covers, accessories, billiards, and games. They take pride in offering a wide selection of spas that span a wide price range. This business has been serving the Sevierville, Pigeon Forge, Gatlinburg areas for over 17 years. The forensic data and business outlook for this company is extremely strong. Revenue in 2017, 2018, and 2019 was $1.10M, $1.41M, and $1.68M respectively. Through late November 2020, Revenue already topped $2.25M and is projected to finish the year at nearly $2.5M. This represents a projected one-year growth rate of 48.8% and an astounding three-year growth rate of 127.3%.
Competition Description
Support / Training Comments
The seller is willing to train and transition the purchaser for a mutually agreeable period immediately following closing to ensure a smooth and seamless transition. Seller is willing to sign a non-compete, and is selling with the intent to retire.
- Home Based: No
- Franchise: No
- Willing to Train: Yes
- Relocatable: No
- Required Licences:
- Is Property Leased: Yes
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Fulltime Employees: N/A
- Part time Employees: N/A
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: $0
- Monthly Rent: N/A