MergerPlace

50 Year Old Swimming Pool Contractor

Kansas


  • Asking Price: $725,000
  • Gross Income: $2,131,254
  • Cash Flow: $225,330
  • Real Estate: Not Disclosed
  • Inventory: $116,713
  • FF&E: $116,713
  • Listing ID: #219094
  • Established: 1967
  • Employees: 16

Business Description

Swimming pool design, construction, equipment repair and service work in the KC metro. The company also offers pool inspection, leak detection and liner replacements. Expanding revenue in this established business with an excellent reputation can be accomplished by offering products current customers purchase. Seasoned employees who understand their roles in the company are key to the operation. Supervisors who manage job sites with minimal oversite are an important company asset. This owner has chosen to focus on sales and customer relations which consists mainly of appointments with homeowners. This allows him to control his work 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: $2,131,254
Cash Flow: $225,330
FF&E: $116,713
Inventory: $116,713
Seller Financing Available: No

Property Information

Facilities:

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

Growth & expansion opportunities:

Revenue could be increased by investing in marketing and building customer awareness. Another area for growth is offering complementary products and services that every pool owner needs and will purchase. An upgrade in technology is needed. Improvements in this area will boost productivity and company efficiencies.

Competition:

The company provides a wide range of pool construction that varies from economical to eccentric. They target an under-served niche segment of the market that has increasing demands and higher margins. The company's association with a nationwide buying group allows them to offer a wide product selection that accommodates any budget.

Reason for selling:

The seller will retire. He would actually prefer to semi-retire and assist the new owner in a less demanding role. Possibly a performance-based compensation plan if the buyer sees this 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 new owner will likely choose to continue membership in 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