Seller's Contact Information
- RE: Pool Services- Commercial & High-End Residential
- Contact: Laurie Barkman
Quick Facts
| Asking Price: | $0 | |
| Annual Revenue: | $500,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $150,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $80,550 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2014 | |
| Employees: | 4 | |
| BBN Listing #: | 24760291 | |
| Broker Reference #: | B4327 |
Business Overview:
This recession proof company provides recurring maintenance and services for high-end residential and commercial pools, spas, and hydrotherapy equipment in the Pittsburgh region. Since 2014, the company’s mission is to deliver superior water quality and outstanding service for a strong base of long-term customers. 83% of customers have been with the company over five years.
The company utilizes specialized pool and spa equipment to conduct maintenance for clients who have more unique requirements. Services include openings, closings, weekly and semiweekly maintenance, equipment repairs, replacement, and micro-bacteriological water testing as required by Allegheny County.
Revenues come from high-end residential accounts (75%) and commercial accounts (25%). High profile commercial clients include the Pittsburgh Steelers, Pittsburgh Pirates, and the University of Pittsburgh. The majority of high-end residential customers are located in affluent zip codes enabling the company to be highly route efficient. Almost all new clients are referrals from existing customers, high-end pool builders, and property management companies.
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Property Features and Assets:
The company has 450 Square Feet of office and storage space, and two warehouse locations totaling 850 Square Feet. The company's office is located in the homeowner’s residence and leases a 750 Square Feet pole barn on the owner’s property as a warehouse for $880/month. The company also rents a 10x10 storage area for commercial equipment on a month to month lease. The company does not have formal lease agreements. The business can easily be relocated to another facility. The owner is open to selling the property in addition to the business.
Market Competition and Expansion:
A growth strategy is to increase year-round income by adding commercial accounts, increasing from 25% to 35% of total revenue. This can be accomplished by continuing to develop relationships with pool builders, homeowners associations, and academic institutions as well as leveraging current high profile commercial accounts (Pittsburgh Steelers, Pirates and University of Pittsburgh). Additionally, the growth can be supported by adding technicians to deliver pool services consistent with the company's quality reputation.
Reason for Selling:
Retiring
Additional Details:
- The property is Leased.
- 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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