Great South Charlotte pool company with high end clientele

Charlotte, NC

Seller Financing Available

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
BUSINESS DESCRIPTION

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.


DETAILED INFORMATION
Location
Charlotte, NC
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,500
Lease Expiration
01/01/2023
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Current property is leased but the seller owns the property and will consider continuing lease for the buyer at agreed upon terms. Buyer can also choose to utilize an alternative location and there would not be any fees for stopping the current lease. Included in the sale of the business is the fleet of vehicles that range in age from 2006 to 2012 with mileages ranging from 60,000 to 120,000. Pool cleaning equipment is also included including six specialized Hammerhead pool cleaners and all small tools associated with each of the work trucks
Competition
Current market conditions are excellent and maintenance and repair technicians are in high demand. Pool builders in the Mecklenburg and Union County area have built thousands of pools just in the last 24 months and they are expecting the service sector will need to double or triple in size to be able to meet the demand of the existing pools in the market.
Growth & Expansion
Growth opportunities are unlimited and the key factor will be identifying and training repair technicians. We have found the best source for technically knowledgeable repair technicians has been the HVAC industry as there are very similar equipment requirements for repair work between the industries. Pool cleaners are normally entry level and are trained for 30 days. We do have a program in place for training new hires that has proven quite effective.
Financing
Seller will consider partial financing
Support & Training
Seller will offer 60 days training and ongoing support for 12 months after the initial 60 days on a consultation basis. Our primary manufacturer also has in-person training once a year as well as a complete online training portal and Regional service Representatives that are able to provide assistance directly in the field.
Reason for Selling
Seller hopes to continue to operate in the pool industry but specialize in new c
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