The owners of this Jacuzzi Brand Hot Tubs, Connelly Pool Tables and Big Green Egg Grills Retailer started the business over about 13 years ago from Hickory. About a year later they expanded with another store which is about an hour drive away. Both stores sell the same product lines. Both stores each have one full time and one part time employee. The sales people are paid hourly plus a 3% commission on sales.There is one full time and one part time person that sets up jobs and handles installations. There are two trucks, a fork lift, a bobcat loader, a 16 foot trailer, one enclosed trailer and one spa trailer that make up most of the equipment which has a value of about $100,000. There is about $200,000 of inventory all of which is owned except for the hot tubs which are financed through GE.
The owner states that sales could be grown by having more tent sales events as the company does own a tent. With the recent death of her husband, this is too much trouble for her now. The market continues to grow by leaps and bounds and is now the 4th largest growing retirement community in the US. Many of the people that have homes there have second homes from Florida and tend to be wealthy.   There is no formal asking price for the business or real estate. The owner is receptive to all fair and reasonable offers. The business has generated just over $100,000 in cash flow (this includes the rent paid which covers the mortgage). The owner wishes to only sell the business and real estate together. Any offer on the real estate can be subject to a third party appraisal.

Posted Nov 5, 2013

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