How do I sell a pool and hot tub store?
To sell a pool and hot tub store, pick a time that fits the season, prepare stock and showroom records, speak to your brand manufacturers early about a new owner, document your customer and service database, and ask any broker whom they act for. Start preparing well before you list.
A store that sells pool supplies and hot tubs is different from a service route or an installer. You have a storefront, stock on the floor, dealer lines and a customer list that comes back year after year. A buyer will look at all of it, so the more of it you have in order, the smoother the sale goes. Start the work well ahead of any listing.
Choose the timing
Think about where the sale falls in the year. Buyers like to see a full season of sales, yet they also need time to learn the shop before the rush. Talk with your accountant about when a sale suits your own plans. Some owners list in the quiet months so that closing lands before spring orders, but yours may differ.
Stock and showroom records
Keep a clean record of what is on the floor and in the back, with ages for chemicals and parts, and note which showroom units are financed and by whom. Expect the buyer to count stock and compare it with your purchases, as in selling a music store. Tidy records make that count short and calm.
Manufacturers, customers and brokers
Speak to your brand manufacturers early about a new owner, since a dealer line may need their approval and your lawyer can tell you how it is transferred. Gather your customer, loyalty and service records, and ask your lawyer how privacy rules apply to sharing them. If you use a broker, ask whom they act for, how they are paid and how long the agreement runs.
Related reading
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Buying
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Due diligence
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentUnderstanding the options for selling your business
- 02Business Development Bank of CanadaGovernment7 steps to increase your business’ value—before you sell it
- 03Business Development Bank of CanadaIndustryHow to sell your business
- 04Business Development Bank of CanadaGovernmentWhat is inventory
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