Luxury Pool Design, Construction, Maintenance Firm

Not Disclosed, NY


Asking Price: Annual Revenue:
$24,000,000 $22,400,000

Services: Construction, Contractors


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RE: Luxury Pool Design, Construction, Maintenance Firm Broker: Tonya Graham

Quick Facts

Asking Price: $24,000,000
Annual Revenue: $22,400,000
Net Profit: $4,000,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1980
Employees: 114
BBN Listing #: 525949983
Broker Reference #: S-1798-R

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Business Overview:

The Company is a market leading provider of high-end residential pool services in the New York Metropolitan area. Its core specialty is the design, construction, and installation of luxury gunite pools along with the ongoing service and maintenance of these pools. Founded almost 40 years ago, the Company has established an unmatched reputation for stellar craftsmanship and service. This has resulted in a strong network of luxury homebuilders, landscape architects that often write the Company into their specifications as a preferred or recommended provider, luxury home renovators, and real estate agencies, all leading to the creation of consistent revenue streams.

In addition to the Design & Construction and Service & Maintenance divisions, the Company also maintains businesses which supply pool chemicals for commercial pools, and a Heating & Gas Division which provides installation and repair services for gas systems and gas-powered appliances as well as propane delivery to residential and commercial clients.

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Property Features and Assets:

Multiple NY facilities totaling over 14,000 square feet.

Market Competition and Expansion:

The Company is one of a handful of industry players across the country with capabilities to handle all design, installation, service, heating/gas, and chemical needs. Its design and construction team is highly skilled, with over a century of combined experience working with the highest quality materials on the market, specifically gunite. This high-quality craftsmanship has ensured a strong network of landscape architects and home builders and renovators that use the Company as a preferred vendor. With an average construction project valued at over $600k, the Company serves a sector of the market that is willing to pay a premium for the highest quality work. The Company has consistently seen gross profit margins above 50% and expects these high gross profit margins to continue in the next 3-5 years. As one of the largest pool conglomerates in the country, there is a significant opportunity for acquisitive growth, which would lead to subsequent opportunities to expand the Company’s geographic footprint. Management sees many other viable avenues for expansion, most notable expanding consulting services in the Design & Construction division and automating equipment in the Service & Maintenance division to reduce reliance on human capital.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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