Business Overview

Operating for 5+ years, this dedicated Pool Service Company has established itself as a premier leader servicing customers who look at their pool as the foundation of their backyard oasis.

This recession resistant company has experienced incremental growth year-over-year, even during 2020 amidst the global COVID-19 pandemic! First quarter results for 2021 have experienced an additional jump in revenue as civilian life slowly started to return back to normal. This track record of continued successful growth is a testament to the owner and his team’s level of customer service and satisfaction they deliver each and every day.

The business services 180+ visits on an ongoing and scheduled service regimen, ensuring that chemical balance is in place, pool cleanliness is pristine, and all mechanical equipment are in superb shape. In addition, services include upgrades as well as every imaginable full renovation or repair. No job or request is too large!

The pool cleaning technicians are all about attention to detail and are required to have general mechanical knowledge as well as some level of electrical and plumbing experience. The income and workload for the business is fairly predictable, based on the customer base, so it allows for planning and meeting expectations. Their current customer base is the tip of the iceberg as there is substantial growth available should a buyer decide to expand the footprint and take on additional customers. Currently 5 employees support the operation and 4 trucks are included in the sale.

The good news is that this business, even though it has an aspect of seasonality, operates all year long. The owner has created a formidable and admired enterprise

Financial

  • Asking Price: $320,000
  • Cash Flow: $139,754
  • Gross Revenue: $509,425
  • EBITDA: N/A
  • FF&E: $60,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,250
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1250 SF Office

Is Support & Training Included:

2 weeks

Purpose For Selling:

other interests

Pros and Cons:

Rising demand for pool services as home outdoor living spaces with pools continue to grow in popularity - Competition oftentimes not very professional. Someone with strong business acumen and high customer satisfaction mindset can grow their business rapidly. - Monthly recurring income - Flexibility (e.g. time, geography, volume/size of business) - Freedom, independence, security Cons - Low barriers to entry - Challenging to find good employees - Sun exposure / outside elements - Seasonality / cyclical nature of business

Opportunities and Growth:

Pros - Pool services demand growing - Income, opportunity for expansion, limited expansion costs, unskilled competition that allows your business to grow rapidly simply by doing a good job - Unlimited earning potential Cons - Commoditized market / lots of competition - Labor pool availability / capability - Route complexity / customer base geography can impact profitability

Established Franchise:

This Business Is An Established Franchise

Additional Info

The venture was established in 2016, making the business 6 years old.
The sale will include inventory valued at $10,000, which is included in the requested price.

The company has 5 employees and is located in a building with estimated square footage of 1,250 sq ft.
The building is leased by the business for $850 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell companies. Nevertheless, the real factor and the one they say to you may be 2 entirely different things. As an example, they might say "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be reasons to attempt to hide the reality of changing demographics, increased competitors, current reduction in earnings, or an array of other factors. This is why it is very crucial that you not count completely on a seller's word, but instead, use the seller's response combined with your overall due diligence. This will repaint a more realistic image of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover points like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that profit margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area bring in brand-new customers? Many times, businesses have repeat clients, which form the core of their daily revenues. Particular factors such as new competitors sprouting up around the location, roadway construction, as well as staff turn over can affect repeat clients and also adversely impact future revenues. One crucial thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the greater the chance to develop a returning client base. A last idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood mean home income impact future income potential?