Business Overview

Fantastic opportunity to own your own recession-proof business that has been servicing and repairing pools in north/northwest Houston area for over 7 years. Current owner is absentee and business is being run by a general Manager with 14 years’ experience. Create your own schedule – no evenings or weekends. Work from home or an office. Unlimited earnings with limited effort. Easily Scalable business. Well Established and profitable pool service route with approximately 160 residential accounts. Approximately 70% have a recurring credit card automatic charge every month creating monthly “RECURRING” revenue of approximately $25K/mo. Adding to this recurring income is occasional servicing, repair and filter cleaning income and additional extra charges. The clients are primarily located in the Woodlands and Spring area although it services some accounts in Magnolia, Montgomery, Conroe, Tomball, Cypress and one daily route in Kingwood. This area is growing astronomically and new pools are being built at a record pace. The company currently operates 4 routes per day, 5 days a week averaging approximately 8 pools per route. This is a type of business that can easily scale to double the size in one year by just adding additional homes. Seller will provide complete 2 weeks training after closing with ongoing phone support. Please refer to CBB Listing #8265

Financial

  • Asking Price: $585,000
  • Cash Flow: $246,774
  • Gross Revenue: $578,742
  • EBITDA: N/A
  • FF&E: $68,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2014

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,700
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1700SF facility in business park

Is Support & Training Included:

Seller will train

Purpose For Selling:

Owner has 4 other businesses and has not been able to dedicate time to this one

Opportunities and Growth:

Filter cleanings. They currently only clean 33% of clients’ filters. Pool owners should clean filters 2X/yr. which would be additional $40-$70K/yr. Pool remodeling and pool building. Google advertising. Door hangers on neighbor doors. Establish referral network of pool builders, Realtors, home inspectors, etc.

Additional Info

The company was founded in 2014, making the business 8 years old.

The business has 7ft employees and is located in a building with approx. square footage of 1,700 sq ft.
The property is leased by the company for $1,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell operating businesses. Nonetheless, the true reason vs the one they say to you may be 2 absolutely different things. For instance, they might state "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or an array of various other factors. This is why it is very crucial that you not depend completely on a vendor's word, however instead, use the vendor's answer together with your overall due diligence. This will paint a more sensible image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies finance loans in order to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that revenue margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that have to be met or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract new customers? Most times, operating businesses have repeat clients, which develop the core of their day-to-day revenues. Specific variables such as brand-new competition growing up around the location, roadway building, and also personnel turnover can affect repeat customers as well as adversely influence future profits. One essential point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the higher the possibility to develop a returning client base. A last thought is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood typical home income impact future revenue prospects?