#1. Popular wedding venue w/ $307K annual SDE

🏷️ Asking Price: $1,000,000

📍 Location: Texas Hill Country

Overview: This Hill Country wedding venue blends historic charm and modern amenities. Established in 2010, the venue features a scenic setting perfect for weddings and events, a fully equipped commercial kitchen, and meticulously maintained grounds. The current owner is retiring, presenting a unique opportunity to acquire a well-established business. The venue's reputation for excellent service and stunning backdrops has made it a preferred choice for couples seeking a memorable wedding experience. This turnkey operation can be purchased with or without the real estate.

Key Highlights ✅

• ~$950K annual revenue

• ~$307K annual SDE ($487K w/ RE purchase)

• SBA eligible

• 3 employees

• 40+ events booked for 2024

Growth Avenues 🚀

• Expanding services to include corporate retreats, community events, and holiday parties can diversify the clientele and stabilize off-season revenue

• Developing a more modern, SEO-optimized website and engaging social media content can attract a wider audience

Potential Risks 🚩

• Weddings and large events are often discretionary expenses that can decline during economic downturns

• Changes in local regulations regarding event venues, noise ordinances, or health and safety standards could impact operations and profitability

Questions❓

• What is the current state of the property, and are there any upcoming maintenance needs or planned improvements?

• What are the primary methods for acquiring new bookings, and how effective are they?

• How do the venue’s pricing packages compare with competitors, and what is the strategy for competitive pricing?

👉 Check Out The Listing Here

#2. Pool and spa biz w/ $2.13M annual revenue

🏷️ Asking Price: $1,350,000

📍 Location: Athens, GA

Overview: Established in 2014, this well-established swimming pool and spa company has been a staple in the region. The business offers a range of services including the installation of spas, in-ground and above-ground pools, as well as pool and pump repairs and maintenance. The company boasts a reliable team, including a general manager, assistant manager, and lead mechanical technician, all of whom will remain post-sale. The current owner is retiring, presenting a prime opportunity for a new owner to take over a thriving business.

Key Highlights ✅

• ~$2.13M annual revenue

• ~$503K annual SDE

• $35K FF&E (included)

• $300K inventory (included)

• 7 employees (including manager)

• Leased RE ($8,500/month)

Growth Avenues 🚀

• Introduce new services such as pool cleaning packages, seasonal maintenance plans, and water testing services to attract a broader customer base

• Form strategic partnerships with local builders, real estate agents, and home improvement stores to increase referral business and collaborative opportunities

Potential Risks 🚩

• Business may experience seasonal fluctuations, with peak demand during warmer months and slower periods in winter, affecting cash flow consistency

• A slowdown in the economy could lead to reduced spending on luxury items such as pools and spas, impacting sales and service revenue

Questions❓

• What are the terms and conditions of current supplier agreements, and are there opportunities for cost-saving negotiations?

• What is the demographic profile of the existing customer base, and what percentage are repeat customers?

• What systems and processes are in place to ensure operational efficiency, and are there areas identified for improvement?

👉 Check Out The Listing Here

#3. Asphalt repair company w/ $465K annual SDE

🏷️ Asking Price: $1,200,000

📍 Location: Michigan

Overview: Established in 2009, this company specializes in spray injection asphalt repair, providing a more efficient and durable alternative to traditional cold or hot patching. With repeat municipal contracts and commercial property work, the company has a strong client base and significant growth potential. The business operates seasonally from April to December, allowing for winter downtime. The owners are ready to retire and offer support during the transition.

Key Highlights ✅

• ~$1.1M annual revenue

• ~$465K annual SDE

• $1.2M RE (not included in asking price)

• 10 employees

Growth Avenues 🚀

• Extend services to new municipalities and counties within Michigan and neighboring states to increase market reach

• Introduce additional services such as hot rubber crack filling, seal coating, and line striping to diversify revenue streams

Potential Risks 🚩

• The business's operational window is limited to April through December, which could impact cash flow during the off-season

• Although competition is currently limited, new entrants in the spray injection asphalt repair market could affect market share

Questions❓

• What is the current condition of the spray injection equipment, and are there any anticipated capital expenditures for upgrades or replacements?

• Are the existing municipal and commercial contracts transferable to a new owner, and what is the process for ensuring their continuity post-sale?

• How does the company's spray injection process compare in efficiency and cost with traditional asphalt repair methods?

👉 Check Out The Listing Here