Priced To Sell Fast! Very Profitable 30y/o Pool Company!

Germantown, MD (Montgomery County) (Relocatable)

Priced To Sell Fast! Very Profitable 30y/o Pool Company!
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Asking Price: $949,999

Cash Flow: $380,057

Gross Revenue: $1,892,069

EBITDA: $380,057

FF&E: $22,200

Inventory: $11,250*

Rent: $2,400 /Month

Established: 1990

*not included in asking price.

Priced To Sell Fast! Very Profitable 30y/o Pool Company!

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Business Description

Priced to sell fast! Easy to run business! 90% referral based! Bank approved!

PRICED AGGRESSIVELY TO SELL FAST!
For over 30+ years this family owned business has built a stellar reputation in providing the highest quality when it comes to the custom design and construction of residential swimming pools. From hall of fame NFL football players, NBA stars, to esteemed US Senators, all have made this company its choice when it comes to design and construction of swimming pools for their beautiful homes!

The company provides its customers an end-to-end experience by not only designing and constructing pools, but also providing regular maintenance services, seasonal opening/closings, and renovations. In addition, the company also has a retail storefront location that sells all pool related supplies and products.

Here's what makes this company a great investment & acquisition for any Buyer:
• Well established company with a 30-year stellar business reputation.
• History of satisfied & loyal customers- Over 800+ completed projects.
• 90% sales generated from customer referrals; no monies spent on marketing or advertisements.
• Solid management at the helm willing to stay on and help post-sale up to 1-3 years.
• Low customer concentration: top customer only represents 15% of total revenue.
• Most recognized pool builder in D.C. Metro Area. High end clientele (Celebrities, Politicians, Etc.).
• Multiple revenue streams: construction, service, retail
• Long standing relationship suppliers and subcontract
• No debt
• Repeatable expansion strategy: growth can be fueled through obtaining more licenses in neighboring counties and states
• Services 9 of the most affluent counties in the US & one of the strongest real estate markets in the US.
• Minimal competition
• Low risk of technology change
• No AR. Payments are collected in 5 phases. Work doesn't commence until each phase has been paid in full by the client.

****Already pre-approved for SBA Lending!!!***

2018 NET SDE: $380,057
2017 NET SDE: $366,366

Detailed Information

Location:
Germantown, MD
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is operated out of a 2400sqft leased facility. The Seller has been in this facility for 20+ years and has an excellent rapport with the landlord!
Competition:
High barriers of entry to penetrate market & limited competition.
Growth & Expansion:
–Expand retail space to offer more products and include a showroom. –Obtain more county licenses to build and expand into new states –Adopt pool trends (automation/smart pools) –Expand into landscaping –Increase digital marketing efforts and social media presence (currently the company does not marketing as 90% of its customers are referral based!! –Enhance e-commerce website –Build relationships with boutique and large-scale developers and real estate agents –Pursue commercial pool segment (ex: hotels, recreation centers, gyms, community pools, etc.)
Support & Training:
Seller is willing to do all that it takes to ensure the new Buyer is successful. They are willing to stay on post close (1-3 years) to run the company for the new Buyer or to ensure a smooth & comfortable transition.
Reason for Selling:
Owners are getting older & want to retire after running the business for 30 yrs!
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(from currently available funds)
 
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Andy Koepke

Business Listed By:
Andy Koepke

Pivotal Group, Inc.

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Sponsoring Broker:
Raaz Ali, MBA, CBI, M&AMI

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