Business Overview:
- Established Pool and Spa Business: A reputable pool and spa business with a longstanding presence in the industry since 2003, known for its commitment to reliability and delivering high-quality services
- Products & Services Offered: Business specializes in comprehensive pool services, routine maintenance, retail offerings including pool and spa equipment, and a dedicated construction department for specialized projects and enhancements. Business is a one stop shop for all pool and spa needs
- Additional Activities: Business is involved in seasonal snow & ice control, bulk haulage and trucking; in addition to retail sales of aggregate, sand, and salt, blend and salt to various contractors and municipalities
- Diverse Inventory & Equipment Fleet: Boasts a wide-ranging inventory of pool and spa equipment, accessories and consumables, tailored to meet the diverse needs of clients seeking top-notch pool and spa solutions; in addition to a large fleet of equipment and vehicles, with an approximate value of total assets amounting to $2.3M
Financial Performance & Reputation:
- Financial Overview: Business demonstrated continuous topline growth with average revenue at $2.8M and CAGR at 46%, with consistent solid operating profits with average SDE at approx. $500K, for the past 5-years period FY19-FY24
- Service History: Track record of 22 years in the business servicing, building goodwill, brand reputation and recognition along with a network of strong customer relationship offering recurring business
- Reputation: Business enjoys high rating reviews and known for its quality products & services, knowledgeable staff, competitive pricing
Client Base & Operation:
- Customer Base: Large customer base, where loyal clients regularly recommend the business, leading to new leads
- Experienced Workforce: A team of 17 skilled and experienced professionals, including owners, with a profound understanding of pool and spa operations, maintenance, and customer service
- Regulatory Compliance: Adherence to all industry regulations and safety standards, ensuring a strong reputation for compliance and ethical business practices
- Facility: Functions effectively out of 2 distinct fully-equipped locations
Ownership and Management:
- Owner-Operated: Business is currently owner-operated, with owners involved in strategic decision-making and overall management
- Retirement Plan: Owners are planning to retire within the near future, creating an opportunity for new ownership for the business
- Transition: Owners are open to provide training and support during the transition period to help the new owner successfully take over the business
- Asking Price: $2.75M
Growth Potentials:
- Urbanization & Suburban Expansion: More people moving to suburban areas, increase on demand for high-quality outdoor living solutions, and integration of smart technology to tech-savvy clients, will continue to drive competition in this sector
- Increasing Disposable Income: Access to higher disposable income by consumers in the covered territory
- Marketing Activities: Potentials to boost profitability by implementing focused and strategic marketing initiatives
