Business Summary:
This business is a full spectrum swimming pool contractor specializing in cleaning services, maintenance and repairs, and remodeling pools and decks. It has a diversified customer base consisting of both residential and commercial facilities such as hotels, apartment complexes, and other educational, health care and recreational facilities. Half of its revenue comes from contracted monthly service giving it a secure cash flow into the business and providing a reliable base for its repair business.
The business comes with an outstanding reputation based on over two decades of successful service and is highly rated with excellent reviews on such sites as angi, Home Advisor, and others. The competitive edge provided by its reputation is strengthened by its breadth of services – very few of its local competition can match it in this regard.
The local economy is booming. The population is growing at a 7% rate and consists of an affluent, educated populace in the education and healthcare center of the entire region. The large and growing number of pools, decks, and equipment in the market area all need major and minor service, repair, and replacement on a year-round basis.
An excellent marketing program, a professional website, documented operating and online bookkeeping procedures, and established supplier and subcontractor networks, along with its strong reputation in a growing economy provide a solid foundation allowing the new owner to focus on growth opportunities. At 79, the owner has been semi-retired, and working from home for some time, concentrating mainly on maintaining the existing business. The business can easily be expanded into new areas such as new pool construction, outdoor kitchens, and other market segments including nearby areas not being actively serviced.
Although retiring, the owner is available to support the transition to new ownership with hands on assistance, seller financing, use of contractor license, etc.
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