Great South Charlotte pool company with high end clientele
Asking Price: | $1,500,000 |
Gross Revenue: | $1,002,153 |
Rent: | $3,000/Month |
FF&E: | $65,000 |
Cash Flow: | $225,000 |
Inventory: | $50,000 |
EBITDA: | $250,000 |
Established Year: | 2007 |
Excellent market with unlimited expansion opportunities
We are a full-service swimming pool maintenance and repair company. We are approaching 200 recurring weekly year-round clients and have full-time mechanics able to repair and replace any pool equipment necessary for residential applications. We also work with other pool Builders and service providers in the Charlotte Metro area to provide them technical assistance for Diagnostic work and repairs and have a great reputation for being highly knowledgeable and dependable. 90% of our clients are within 8 Miles of Quail Hollow Country Club. Weekly recurring maintenance routes are well sequenced and routed to minimize drive time for technicians and enhance profitability.
We have a contractual relationship in place that allows us to purchase directly from the major pool manufacturers and allows us to eliminate the wholesale markup for the majority of equipment and chemicals that we use. This contract will be able to be transferred to the buyer if they want to continue with it. This allows us a strategic competitive advantage of 20 to 30% on Whole Goods and 50 to 100% for small parts. It allows extremely competitive pricing when needed while also allowing for exceptional margins.
The business has been run exclusively with QuickBooks and application specific route management software for the maintenance routes which provides a detailed service history for all clients as well as all the repairs that were made. The seller has intentionally utilized email since opening in 2007 to collect and maintain a record of all business communications which allows for a searchable database of business transactions, repairs, upgrades and communications with clients in general. All financials are clean and verifiable and have been done by a registered CPA . All financial statements will be made available after non-disclosure agreement has been signed and buyer's initial financial information has been confirmed
This is a great opportunity for an owner operator or an addition to an existing pool builder that wants to diversify and have a greater presence in the rapidly expanding service sector of the industry. While the pool builders could experience a significant downturn if the economy does falter, the service sector will continue too experienced growth due to the extraordinary number pools that have been built over the last 10 years and especially over the last 3 years. Clients are often stuck with these pools and they have no choice but to maintain them as they're usually a critical component of their overall backyard design and regardless of economic conditions the majority of our clients are business professionals in the top 5% of income earners that will continue to weather any economic downturns. Our business is well balanced with 50% of revenue coming from recurring maintenance route, 30% from repairs and upgrades and 20% from renovation projects. This allows us to have the flexibility to allocate resources to the dominant market demand at any time.
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