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Exceptional Opportunity. Fantastic Pool Svc. Biz With Massive Profit$

Inverness, FL (Citrus County)

Seller Financing Available
Exceptional Opportunity. Fantastic Pool Svc. Biz With Massive Profit$
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Asking Price: $1,199,000

Cash Flow: $344,482

Gross Revenue: $1,125,000

EBITDA: N/A

FF&E: $160,000

Inventory: $25,000

Rent: $750 /Month

Established: 1999

Exceptional Opportunity. Fantastic Pool Svc. Biz With Massive Profit$

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Business Description

Business on Track to do $1.5mm in 2020 with $400k+ Owner Benefit. No Nights or W

Citrus County's largest, most profitable, and fastest growing pool service business, currently servicing 930 residential accounts!!!!

The total owner benefit for 2018 was $345,000. The total owner benefit for January thru August 2019, was $260,000. Total owner benefit projected for 2019 is $380,000.

Now that we've got the money and the account numbers stated.........please read through the entire listing information to get a really good feel for what you're buying. This is a very dynamic "little business"...…….

Established in 1999 with an unbeatable reputation and incredible profits for the owners. The business is currently experiencing $85k+/- per month in recurring revenue plus $35k+/- per month in repair work, equipment repairs, new equipment sales (pumps, filters, heaters, salt systems etc.). The company will end 2019 with approx. $1.3mm in sales, and are on track to achieve $1.45 - $1.5 in 2020. 2018 sales were $1,125,000. They currently service 930 pool accounts within a 20 mile radius of their location.

This is a recession proof business as evidenced by the company's growth track, especially since the last recession. No nights or weekends, and a very easy to run business. All the staff are in place to ensure a smooth transition for a new owner. This business would be highly suited to a family run operation, as is the current ownership. One of the owners handles the financial administration of the business (billing, payroll, AR/AP, etc.), while the other owner makes sure everything is running smoothly out in the field. There are staff in place that handle all of the daily functions relating to the pool service, repair work, quoting work, new start-up customers, etc. There is also a full time office person that handles customer service, routine office functions and customer accounts. Neither one of the owners would be considered "full-time" operators as the staff are well trained and understand how to run the business with them in the background.

There are 11 pick up trucks, plus a cargo van, that are all lettered and very visible everywhere they go. All of the vehicles are stocked and fitted with everything necessary to conduct every aspect of the daily business. All of the vehicles are fitted with GPS systems and two way radios for easy, instant communication and location information.

The business can most likely be purchased with a 25% down payment and SBA financing with the sellers holding a note for part of the purchase price. We have a lender ready to facilitate the transaction for an approved buyer.

The owners have figured out how to run this business stress free with the best systems, training program, procedures, and experienced staff in place. They are ready for the next chapter in their lives and are willing to pass on this wonderful enterprise to a new ambitious owner. The future potential of this business is enormous. There is solid groundwork in place for a new owner to build something very substantial with.

Detailed Information

Location:
Inverness, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,920
Lease Expiration:
10/31/2020
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1,920 Sq. Ft. building with warehouse space to store chemicals, supplies, etc., plus office space used for the daily administrative tasks for the business. All vehicles are well maintained, fully lettered, and fully equipped.
Competition:
This is the largest pool service company in Citrus County. They have grown their business year after year by providing quality services at fair prices with no marketing or advertising. Their repuation and the quality of their service has done the marketing for them. The potential to gain more accounts using some local marketing and advertising, and some social media advertising is enormous.
Growth & Expansion:
The company receives calls from new potential customers every week. With no marketing in place, it's their solid reputation, and their processes, that is driving their growth. A new owner could market the business (very easily) to potential customers that are already in the neighborhoods and communities that they currently serve. They don't offer any type of pool construction, pool sales, etc., or any other type of add-on service, but business could be expanded into several other service offerings by a new owner. The captive audience that this many accounts offers, make this business ripe for expansion into new services to be offered. The company doesn't offer any commercial services, but receives calls regularly from potential commercial accounts: hotels, schools, public swimming pools, sub divisions, etc. etc.
Financing:
20% - 30% down. SBA Financing and Seller Note.
Support & Training:
Owners will stay on for at least 30-45 days through transition, longer if needed.
Reason for Selling:
Personal health reasons.
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(from currently available funds)
 
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Shane Keegan

Business Listed By:
Shane Keegan

A.J.Della Monica & Assoc.

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Sponsoring Broker:
AJ Della Monica

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