Listing ID: 77342
Confidential Information Memorandum (CIM) available upon receipt of our short online NDA – visit here: https://pronovapartners.com/engagement/patented-pool-cooler-system-manufacturer-for-sale/
Bathtub temperature pool water on a sweltering Texas day in 2002 inspired this Company and its amazing line of best-selling pool products. Through a series of modifications of a cooling tower, the Company’s pool chiller was born, hitting the market and launching this innovative Business in 2004. In 2009, the product was awarded a Method & Apparatus Patent, and this dynamic husband-and-wife team has consistently grown this niche market, increasing sales YOY for nearly 20 years.
Initial sales efforts were conducted via door-to-door pitches to pool suppliers. Today, the Business contracts with two product suppliers and a half dozen of the country’s top pool product distributors. The Business does no direct sales to private end users; but works individually with commercial clients on specialty products; like coolers for zoo habitats, expansive resort attractions; even an Olympic training pool.
Now known globally for their line of pool cooler systems; offered in a variety of sizes per gallon capacity, the couple coordinates distributor sales and logistics. One of the pair overseas engineering, warranty, and commercial orders while the other leads sales, marketing and product delivery. There is a robust social media following and a raft of positive end-user reviews.
NDA is required ‘LINK ABOVE} to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Facilities: No facilities. Everyone works remotely. But you’d never know.
Competition: Competition is limited; there is only one similar product that costs more and is less energy efficient; the rest are temporary, short-term gimmicks.
Growth & Expansion: Building on the strong foundation, a Buyer could grow the company and increase revenues via several verticals, from hiring inside manufacturers reps, growing commercial accounts, seeking suppliers in foreign countries or marketing to specialty users.
Financing: TBD if structure and terms are acceptable.
Support & Training: To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed for up to six months, then as paid consultants, or as negotiated.
Reason for Selling: The Sellers are looking to retire.
- Asking Price: N/A
- Cash Flow: $655,880
- Gross Revenue: $1,902,865
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
No facilities. Everyone works remotely. But you’d never know.
To ensure a smooth transition and ongoing success the Sellers will work with a buyer as needed
The Sellers are looking to retire.
Competition is limited; there is only one similar product that costs more and is less energy efficient; the rest are temporary, short-term gimmicks.
Building on the strong foundation, a Buyer could grow the company and increase revenues via several verticals, from hiring inside manufacturers reps, growing commercial accounts, seeking suppliers in foreign countries or marketing to specialty users.
The business was established in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. However, the real reason vs the one they tell you might be 2 completely different things. For instance, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competitors, current reduction in revenues, or an array of other reasons. This is why it is really vital that you not count totally on a vendor's word, yet instead, utilize the vendor's response together with your overall due diligence. This will repaint an extra practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses borrow money so as to cover points like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that earnings margins are too small. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract new clients? Often times, companies have repeat consumers, which develop the core of their everyday revenues. Certain variables such as brand-new competition sprouting up around the location, roadway construction, and also employee turn over can influence repeat customers as well as adversely influence future profits. One important thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the greater the chance to develop a returning consumer base. A final idea is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional average home earnings influence future earnings potential?