Business Overview

For Sale – Established pool and spa repair business. This is an established business with a great reputation and a large list of repeat clients. They do all kinds of repair work on swimming pools, hot tubs, and spas. The owner started this business 38 years ago, and has been in the business ever since. He has not seen the need to advertise for years, as he always has more business than he can handle. He has had employees at times, but has been a one man show for several years.

Although in excellent health, the owner is in his 80’s and would like to retire. He has been doing this for 38 years, and as such is simply the best, most knowledgeable repair man in the business. Best of all, he is willing to work side-by-side with a new owner for as long as it takes to train and make sure you succeed. The purchase will include all the tools, training, and assistance needed to make a smooth transition. The business is run from his home, so there is virtually no overhead.

Up until 2021, he consistently netted in the $100,000 a year range just working by himself. He currently has a large back-log of work, and needs someone new to take the business over and revitalize it. 2021 numbers were down due to being sick with COVID in the spring and taking it easy during most of August and July to attend to family matters and enjoy a vacation.
There is very little competition in this niche. The Salt Lake market is ripe for future growth and expansion under a new owner. Pool and spa maintenance is a huge potential market. It is usually done by contract, providing a steady stream of recurring income. This could easily be expanded into, as they currently just do repairs.

He regularly gets calls from Home Advisor with referrals for pool and spa repair, which he has not taken advantage of. This is another area for easy growth.

This is an ideal and unique opportunity for an investment-minded, entrepreneurial, or strategic buyer.

To learn more about this business, visit our website, www.bbaUtah.com, and complete our online NDA. Once we receive it we will be happy to email you details. You can also call Paul Evans, Beehive Business Alliance, 801-703-6789

Financial

  • Asking Price: $85,000
  • Cash Flow: $85,852
  • Gross Revenue: $132,690
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1984

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based

Is Support & Training Included:

As needed

Purpose For Selling:

Retirement

Pros and Cons:

Very little competition in this niche

Opportunities and Growth:

Many opportunities for growth - contracting services, Home Advisor, etc.

Home Based:

This Business Is Home Based

Additional Info

The company was founded in 1984, making the business 38 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell businesses. However, the true factor vs the one they tell you might be 2 completely different things. As an example, they might claim "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be excuses to try to hide the reality of transforming demographics, increased competitors, recent decrease in incomes, or an array of various other factors. This is why it is very vital that you not depend absolutely on a vendor's word, yet instead, utilize the seller's solution along with your overall due diligence. This will paint a more practical image of the business's current scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover items like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that earnings margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be met or may lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in brand-new clients? Often times, operating businesses have repeat customers, which create the core of their day-to-day profits. Particular elements such as brand-new competitors growing up around the location, road building and construction, and also employee turn over can impact repeat customers as well as adversely affect future incomes. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the greater the chance to construct a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Exactly how might the regional average family income impact future income potential?