This award-winning NSPI pool shop was established in 1995 and has been personally managed by the present owner since 2000. Being a regular recipient of the National Spa and Pool Institute Award for the Best Pool Shop, the shop has, in addition to its full range of pumps, filters, robotic pool cleaners, heaters and chlorinators, a showroom showcasing Revelstone paving, Tradewinds parasols and Superior spa’s. It provides routine maintenance on a weekly or fortnightly basis. Its service area includes the Southern Suburbs from Muizenberg to Pinelands, the City Bowl as well and the Atlantic Seaboard.
To add to its attractiveness, it is a registered supplier of the City of Cape Town and is a regular service provider for the City. This is a remarkable business with a solid and loyal client base.
The average monthly turnover for the 2023 financial year was R 650 000 (Annual turnover was R 7.8 m) and the net profit for the year was 5%. Inclusive of the annual net profit are the owner’s drawings of +/- R 850 000, increasing net profit to almost 17% if added back. ROI on the sale of the business is 37%.
Selling Price - .R 3 500 000 FOR THE BUSINESS AND R 5 000 000 FOR THE PROPERTY.
The property belongs to the owner and the rent payable is R 35 000 per month, which provides the property with a return of +/- 8%. It is preferable that the potential buyer purchases both the business and the property as the owner wishes to retire.
This is a great opportunity to own a fantastic pool care shop, one of a kind.