MergerPlace

50 Year Old Pool Contractor

Kansas


  • Asking Price: $725,000
  • Gross Income: $2,322,447
  • Cash Flow: $307,577
  • Real Estate: Not Disclosed
  • Inventory: $181,606
  • FF&E: $503,297
  • Listing ID: #219094
  • Established: 1967
  • Employees: 16

Business Description

The demand for residential swimming pools has increased in 2020. Pool design, construction, equipment repair and service work is booming in the KC metro. The company also offers pool inspection, leak detection and liner replacements. The current owner fills the role of customer service and sales which allows him a very flexible schedule.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Kansas

Company Information

Year Established: 1967
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 16

Financial Information

Asking Price: $725,000
Gross Revenue: $2,322,447
Cash Flow: $307,577
FF&E: $503,297
Inventory: $181,606
Seller Financing Available: No

Property Information

Facilities:

The business operates from 10,000 square foot building that includes showroom, office, and warehouse. A new owner has the option to purchase the facility. The inclusion of real estate in the loan will have a positive impact on the debt service expense. The property is located in a progressive Kansas City suburb where real estate values continue to increase.

Growth & expansion opportunities:

Post-COVID demand for residential swimming pools has increased. Other products and services associated with pool ownership would be a natural opportunity to grow the business. An upgrade in technology is available and would likely boost company productivity and efficiencies.

Competition:

The company provides a wide range of pool construction options that varies from economical to eccentric. The most popular product line has an aggressive price point and a shortened installation cycle. A membership-based buying group allows them to offer a wide product selection that accommodates any budget.

Reason for selling:

The seller will retire or can continue with the new owner in a less demanding role for as long as needed. Possibly a performance-based compensation plan if the buyer sees it as a win-win situation.

Support & Training:

Will train for 6 weeks @ no cost. This is an ideal family opportunity. A new operator would benefit from having a general understanding of the construction industry. Customer service, sales and management skills are needed. Industry organizations offer educational opportunities and certifications specific to the industry which is an option for someone new to the industry to learn quickly. Suppliers are also a great resource for ongoing product knowledge and situational assistance. The sale includes a membership to a strong industry buying group that has proven to be beneficial in supplier pricing, vendor services, education, industry best practices and overall has been a great go-to resource.

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Business Listed By:

Chris Kerth

Murphy Business Brokers