Gross Revenue: $3,300,000

Gross Revenue Comments: 2007 sales

Cash Flow: $371,000

Cash Flow Comments: 2007 EBITDA

Inventory: $350,000 (Not Included in Asking Price)

FF&E: $114,000 (Included in Asking Price)

Seller Financing: Owners prefer to maximize cash but will consider all proposals.

The Company is a retailer of high quality spas, gazebos, spa care chemicals, billiard tables, and other spa and billiards accessories. The Company retails products to homeowners in Washington and also provides certified repair services. The Company’s strong supplier relationships, effective marketing strategies, and proven ability to seamlessly move products from manufacturer to end user allow it to purchase products at deep discounts. The spa sales accounted for 85% of sales in 2006, while billiard tables, accessories, and service account for the remaining 15% of sales.
Key features of the company include:
• Consistent sales growth (6.2% compounded annually from 2004 – 2006) and increasing profitability (between 2004 and 2006 EBITDA increased from $219,000 to $323,000)
• Extensive inventory of high-quality spas, billiard tables, and accessories coupled with excellent service capabilities
• Strong, long-term relationships with suppliers allow the Company to offer deeply discounted merchandise to customers
• Experienced management and staff available to remain with new ownership

Year Established: 1981

Employees: 10 full time -

Facilities: Company has showrooms and warehouse space located on a 22,000 square foot lot with paved parking. The facilities are located on a busy thoroughfare with thousands of cars passing by each day.

Market Outlook and Competition: The company has been doing exceptionally well compared to its competition, owing in part to its favorable product mix and location at various home shows and fairs throughout the region.

Management Training and Support: Owners will provide necessary transition support for a new owner.

Reason For Selling: To pursue other business interests