Swimming Pool & Hot Tub Business For Sale

Business description

Lanzarote Business Sales is proud to be the sole agent for this unique business offering on the islands of Lanzarote and Fuerteventura. Being the largest British owned pool and spa business covering the two islands brings many obvious advantages to this business. The business has excellent trading accounts and has areas of growth potential and is being offered as a total sale for all businesses but also under consideration for the three separate parts to be sold individually.

The price of €550,000 includes all of the existing business, staff, contracts, rented premises, branded vehicles and estimated stock value of €250,000. The two large warehouses currently being used by the businesses are both on good rental terms but do not necessarily have to be transferred with the sale should interested parties wish to provide their own premises. With the business operating on the two islands the directors of each operation will be expecting a long transfer period of 3 months and the part directors of the Fuerteventura operation would consider to still manage this operation for new owners should they wish them to remain in place.


Business Profile:
For over a decade this business has continued to grow as one of the leaders in the pool and spa market here in the Canary Islands. Offering the most personal and detailed service to their clients whether dealing with an algae issue with a pool through to some of the large local commercial contracts with large construction companies.

Starting from installing the first pool heater in his own garden the active director/owner of this business has taken the business not only throughout all of the resorts and towns in Lanzarote but has become the leader in the field on the neighbouring island of Fuerteventura.

This business takes great pride in offering a high standard of customer service, whilst still operating realistic and competitive prices. Their approach is to pass on as much discount to their customers to ensure a high level of loyalty for not only their service but supply of products and essentially chemicals. Their customer base alone in Lanzarote includes over 2000 pools in their database and the operation in Fuerteventura continues to grow as well.

Being members of the most important trade organisations in this specialised field has added to their credibility and has allowed them to entertain large contracts such as a live contract in Fuerteventura with a constructor for 170 private pools.

The fully equipped and fully stocked warehouses contain all of the essential pool and spa equipment and chemicals but also provide essential workshop space for the preparation of additional products such as pool covers or the testing of equipment such as pool heaters. Both of these additional products are a lucrative area of the business and provide an essential consistency to the full service that they offer.

With turnover in excess of €2,000,000 per annum this represents an excellent opportunity for any interested parties to acquire a profitable, very well regarded specialised business with a significant repeat customer base and good growth and expansion potential.

Operation Ownership:
The ownerships of each operation are split in the following manner – the sale price is to take 100% ownership of all three operations:
PyJ Lanzarote = 82% John Hodder & Partner
18% Investment Partner
PyJ Fuerteventura = 51% PyJ Lanzarote
49% Working Directors
PyJ Décor = 100% John Hodder & Partner

Property information

Real Estate:

Lease

Lease terms:

The business has good rental agreements for two large self-contained warehouses. Each warehouse has been split in to customer display space (approximately 40% for each), stock holding and workshop areas for the testing of equipment and also the making of pool covers. The 360 degree photos that we have provided for each premises shows how the distribution of space has been made and also the professional appearance of the two well stocked customer display areas.
The rented premises come with rolling contracts that the building owners can't cancel only the tenants. The total floorspace for the two warehouses is 2000m2 and the combined rentals per month are €8000 including rent retention taxes.

Location:

Main premises on front line positions in the large industrial and commercial zones on both Lanzarote & Fuerteventura.

Other information

Expansion potential:

The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs and Lanzarote Business Sales can advise interested parties on areas they may wish to consider.

There are strong areas for expansion that interested parties can consider if they were to maximise aggressively an expansion plan. The first area would be the provision of PyJ in more than just the two islands that are currently covered and with PyJ Lanzarote already supplying the other operations a greater buying power can only increase competiveness in pricing achieved for the end consumer.

The potential for expansion continues with PyJ Décor not only the exclusive contract with “leisuregrow” for the provision of high quality garden and terrace furniture and equipment throughout the Canary Islands but also with the exclusive distribution contract of “Dulux” paints for the whole of the Canary Islands.

Competition / Market:

Two medium sized companies in one Island and small one man businesses on all Islands we serve. Market is mixed English/Spanish speaking.

Support & training:

The current working directors and owners will expect to provide a minimum of a 3 month changeover period to ensure full consistency with the new owners. All existing contracts and essentially exclusive product contracts will be transferred over to new owners. Although this business is specialised in its provisions interested parties can consider that the team that comes with this business will ensure that someone with no prior knowledge of this business should consider investing in this profitable venture.

Reasons for selling:

The current owner’s have and will continue (until a sale is completed) to provide continual growth to their business but must now consider their retirement options.

Trading hours:

9-6

Inventory / Stock value:

€250,000

Website:

www.piscinasyjacuzzis.com

Related documents:

• 360 Tour Lanzarote

• 360 Tour Fuerteventura

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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