Listing ID: 80768
The owners launched this business in 2014 with a laser focus on excellent customer service and exceeding customer expectations. The Company quickly earned a reputation for responsive, quality pool and spa repair and maintenance. Currently, the client base is broad and diversified including HOA’s, Builders, Hotels, Fitness Centers and Condominium Associations along with a large number of residential clients. Professional technicians are highly trained in installation, repair and replacement of systems and also assure water chemistry meets state and federal requirements. Maintenance plans are customized with each client based upon the usage and needs of each pool or spa. The business works with clientele encompassing the geographic area typically within a 20 mile radius of the shop.
- Asking Price: $800,000
- Cash Flow: $268,139
- Gross Revenue: $733,642
- EBITDA: N/A
- FF&E: $143,500
- Inventory: $30,000
- Inventory Included: Yes
- Established: N/A
The operation is home-based in a centralized location with convenient freeway access that includes a shop, office, indoor and outdoor storage and large parking area. The Owners will lease-back the space to a new Owner for a negotiable period.
The Owners have enjoyed launching this business and growing it to an extremely l
The obvious strengths of this opportunity include the stellar reputation for exceptional maintenance, diagnostics, repair, replacement and analyzing/correcting water chemistry. The business relies on referrals and logo-wrapped service trucks for their advertising which generates more work than they can handle.
The ideal buyer would be a another synergistic company seeking market share or an entrepreneurially-minded individual with pool and spa maintenance experience and customer service skills. The Owner will stay on for a negotiable period of time to assure a smooth transition. THE POSSIBILITIES The current ownership turns away many potential clients to assure quality over quantity. A new growth oriented owner could easily expand sales to a new level by increasing awareness through more advertising, creating a web site and/or expanding the geographic region served.
The sale will include inventory valued at $30,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. However, the real factor vs the one they say to you might be 2 completely different things. As an example, they might say "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be excuses to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or a variety of other factors. This is why it is really vital that you not depend completely on a vendor's word, however instead, make use of the seller's solution in conjunction with your total due diligence. This will repaint an extra reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that profit margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new customers? Many times, businesses have repeat clients, which develop the core of their everyday profits. Particular factors such as brand-new competition sprouting up around the area, road building, as well as employee turnover can affect repeat customers and adversely impact future incomes. One vital thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business on a regular basis, the greater the chance to develop a returning customer base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood mean home earnings impact future income prospects?