Swimming Pool Finishes Company
| Gross Revenue: | $11,754,000 |
| EBITDA: | $3,321,000 |
Description:
The Company specializes in swimming pool renovation and refinishing services, primarily focusing on providing pool finishes for commercial and residential pool builders. In addition to contracting services, the Company offers its own pool finishes brand, providing easily customizable options to meet the unique preferences of customers.
Key Aspects:
• Revenue and adjusted EBITDA have grown at compound annual growth rates (CAGRs) of 12.6% and 49.7%, respectively, from 2020 through 2023
• Gross profit margins averaged 45.3% from 2020 through 2023
• Adjusted EBITDA averaged $1,975,232 from 2020 through 2023
• Completes an estimated 40% of its pool finishes through the Company's own pool finishing brand, representing approximately 40% of overall revenue in 2023
Opportunities:
• Continue to expand the Company’s sales team and consider adding a field-based sales associate to expand its geographic footprint
• Diversify service offerings to make the Company a one-stop shop for all services related to swimming pools
• Expand operations by adding an additional location, with an approximate doubling of revenue
• Develop retail sales division to include more direct to homeowner sales
Headquartered:
• Florida US
Current Markets:
• The Company primarily serves the commercial and residential pool market.
Real Estate:
• The Company operates out of a 20,000 sq. ft. office & warehouse, leased from an affiliated entity. Management notes there is room for expansion and the facility can be negotiated as part of a sale or long-term leases can be made available.
Shareholder Ownership:
• The Company is solely owned by a single shareholder who aims for a full exit to pursue other unrelated business opportunities. The owner is willing to remain with the Company for a predetermined period to facilitate a smooth transition to new ownership.
