A question on the top of every business owner’s mind is, “how much is my business worth?”
With season end approaching, I thought this would be a good time to update you on pool/spa related business sales throughout Florida and give you some data regarding sales and pricing. Here are some numbers for you to ponder:
15 = the number of pool/spa related businesses sold in the last twelve months by the Business Broker of Florida Association members.
$339,563 = the average revenue of the 15 sold pool/spa related businesses.
$205,533 = the average sold price of the 15 sold pool/spa related businesses.
$103,977= the average owner benefit generated in each sold pool/spa related business.
0.61 = the revenue multiple (sold price divided by revenue) of the 15 sold pool/spa related businesses.
1.98 = the owner benefit multiple (sold price divided by owner benefit) of the 15 sold pool/spa related businesses.
93% = the average percentage down payment of the 15 sold pool/spa related businesses.
174 = the average number of days on the market of the 15 sold pool/spa related businesses.
What does this mean?
Pool/spa related businesses are in demand. And, in spite of a more conservative and cash strapped buying clientele, they are still paying near historical multiples with a percent down not realized in many other industries. If you have been contemplating selling your pool/spa related business, now is a great time! Please contact me for a no obligation discussion.
For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call at 888-925-5055 ext.206. Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com Also, visit our Florida Business Exchange website at www.fbxbrokers.com
With season end approaching, I thought this would be a good time to update you on pool/spa related business sales throughout Florida and give you some data regarding sales and pricing. Here are some numbers for you to ponder:
What does this mean?
Pool/spa related businesses are in demand. And, in spite of a more conservative and cash strapped buying clientele, they are still paying near historical multiples with a percent down not realized in many other industries. If you have been contemplating selling your pool/spa related business, now is a great time! Please contact me for a no obligation discussion.
For a complimentary consultation:
Contact Cecil Williams (cecil@bizbrokerflorida.com) or call at 888-925-5055 ext.206. Visit my personal website to search for business for sale in Florida www.bizbrokerflorida.com Also, visit our Florida Business Exchange website at www.fbxbrokers.com
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