LISTING DETAILS
Listing Status: New
Asking Price: $650,000
Total Sales: $802,500
Cash Flow: $324,709
Real Estate Asking Price: N/A
FFE: $61,734
Inventory: $9,000
FFE Included in Sale: Yes
Inventory Included in Sale: Yes
Year Established: 2000
Employees: 4
Description
Business Summary:
Unique opportunity to own an established pool service business that has been serving the Southern Maryland market for over 25 years! The business is proudly family-owned and operated. They specialize in seasonal pool opening and closing, weekly home pool maintenance, general service and repairs, water chemistry, liner replacement and construction/refurb projects (tile, coping and plaster). There are roughly 75-100 clients who have regular weekly summer maintenance and around 350 who hire the business to perform opening and closing services for their pools. There is also a fair amount of repair and other “one off” service work that is performed over the course of the summer months. An overwhelming majority of the business is from repeat and recurring customers. The clientele enjoys working with a business that is quick to respond, reliable, trustworthy, and provides exceptional customer service.
The primary service area is focused in the southern Maryland market including Calvert County, Charles County, St. Mary’s County, and parts of Anne Arundel County. The business is largely seasonal with much of the pool service work being done in the spring through fall. There are some indoor pools that are serviced as well. A majority of the accounts are residential along with a handful of commercial customers. The owner works with their customer base to compile a list of “winter work” where clients are seeking to replace or fix items, but this work can be weather dependent and is not a significant portion of the overall revenue. There are also a small number of installation and new build projects each year as well, but this is not the main focus of the business.
The owners have decided it’s time to retire after 25 years of successfully operating the business. They have done the hard work of establishing a large and loyal customer base while maintaining a profitable business for the next owner to continue! The business has a stable revenue and cash flow history with both actually increasing over the past several years. The business is independently owned and operated and not part of a franchise so the next owner can make any desired changes they would like upon taking over. We don’t expect this business to last long!
Description of Facilities: The business operates from a home office and can easily be relocated anywhere in the primary service area.
Competition: There is standard competition for the industry and market, but this business stands apart as they have been serving the community for 25 years. The owners take pride in building relationships with their customers and many of them have been with the business for decades.
Growth & Expansion: There is room to grow and expand the business by increasing the number of weekly pool maintenance contracts. There is also room to do more work in the pool refurbishment/construction side of the business. The business has a strong online presence and the owners have made investments in marketing/advertising to help create awareness about the business in recent years, but there is room to expand the efforts in these areas as well.
Seller Financing Available: Yes
Seller Financing Terms: Available depending on the final purchase price, terms and qualifications of the buyer.
Reason for sale: The owner is moving out of the area and looking to retire.
Training & Support: Seller will provide the necessary transitional training and support.
For more information on this listing, please complete our Buyers Package starting with our Non-Disclosure Agreement
