Established 40+ years ago, the Company is a multi-location leisure product dealer based in Northern Michigan, offering products including hot tubs, grills, fireplaces, and game tables. The Company is an authorized dealer for many of the leading brands in each of these categories. In addition to the sale of these products, the Company offers a service and installation team to its customers which accounts for approximately 15% of total sales. The Company has a strong management team in place which reduces the overall reliance on the owner.
Throughout its history, the Company has expanded its footprint and currently serves the majority of Northern Michigan. The Company’s primary target market consists of consumers with discretionary spending ability who are located in the surrounding areas of its facilities, and who are unlikely to be affected by a recession. Over recent years, the Company has seen steady growth, which is expected to continue as it implements new products and expands its service department.
The Company was founded 40+ years ago by the owner, who has operated the Business ever since. The owner works ~40 hours a week half of the year, and approximately 10 hours per week, during the slower season. The owner is seeking to transition out of the Company to enjoy retirement. The owner is willing to provide customary transition assistance following the completion of a transaction.
The Company operates out of two facilities totaling 50,000 square feet, with an estimated value of $1,805,000. Ownership is open to discussions surrounding the sale or lease of the facilities.
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