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- RE: Multi-Family Pool Service & Repair Company
- Contact: Brian Stephens
Quick Facts
Asking Price: | $849,000 | |
Annual Revenue: | $1,625,708 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $285,778 | |
Total Debt: | Not Disclosed | |
FF&E: | 215,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2015 | |
Employees: | 10 | |
BBN Listing #: | 414944756 | |
Broker Reference #: | 883-90405 |
Business Overview:
This company cleans, services, and repairs exclusively for commercial clients such as apartment complexes. They have a full team in place. The owner oversees the books and client relations but is not involved in day-to-day pool service. Business growth has been strong.
The company has around 220 pools and close to 180 clients. They focus on serving commercial clients such as apartment complexes in Pinellas, Hillsborough, and Manatee Counties. They have recently been growing through referrals and their website presence.
They have a fleet of 12 vehicles and a 10-member team servicing pools and making repairs.
Their technicians maintain correct chemical levels in swimming pools and spas, clean filters, tiles, pumps, and lines to prevent unusual wear and tear and keep equipment working satisfactorily and safely. This company provides all chemicals used in their Scope of Service.
They also maintain periodic report logs in compliance with the Florida Department of Health code standards.
This company has a qualified repair team who provide advice, troubleshoot issues, and repair pool equipment.
Services are provided Monday through Friday during normal business hours.
Florida requires a Florida Certified Pool Contractor (CPC) license. If you do not have the proper license, the owner will hold the license in the business to allow the new owner to get licensed.
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Property Features and Assets:
Business leases warehouse/storage in the northern part of Tampa Bay. Rental payments are $3,210 per month. The location could be moved at the end of the lease for the buyer's convenience, but they have a satisfactory warehouse with a reasonable lease.
Market Competition and Expansion:
This is a well-established service company with over ten years in business and has created an incredible reputation. The owner does some networking but has seen most growth come from referrals. The company has a great website and networks with some associations but does very little marketing beyond those methods. Sales have been steadily moving upward. Rents are getting stronger at the apartments, allowing more cash flow to sustain quality pool services. There is room to grow this business. Consider that over 7,000 potential commercial clients are in the market area. Florida’s continued population growth is strong and will require even more new buildings with pools, including apartments and condominium communities. This business has a nice steady cash flow. The seller’s asking price will include cash coming into the business when the new owner takes over. This business may qualify for SBA financing for buyers with reasonable credit and the other qualities required to get an SBA loan. A qualified Buyer should be able to acquire this business for 20% down. This will be up to the final approval of the SBA lenders.
Reason for Selling:
Other Business Interests
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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