Coastal Region's Largest Pool & Spa Dealer

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Asking Price:
$2,800,000

Gross Revenue:
$5,660,000
Cash Flow:
$647,000
EBITDA:
$534,000
Inventory:
$126,000
included in asking price

FF&E:
$213,000
included in asking price

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Business Description

15 yrs. In Operation, Family-Owned and Locally Operated
The owners have over 20 years of construction and customer service experience with their clientele. Since 2004, this family-owned business has sold and installed custom fiberglass pools and spas made in the USA. As the largest regional pool and spa dealer, they offer custom in-ground pool construction, outdoor kitchens, hot tubs, water testing, pool services, and supplies.

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. The company’s brick & mortar and online retail storefront sells pool related supplies and products direct to consumers.

This is a solid investment opportunity for a business-oriented buyer:
• Established company with a first-rate 15-year business reputation
• History of satisfied & loyal customers- over 800 completed projects
• Stable office and installation team capable of operating without owner involvement
• Low customer concentration- top 3 customers represent <5% of total revenue
• Most recognized pool builder in their tri-county coastal region
• Multiple revenue streams- construction, service, retail
• Long-standing relationship suppliers and subcontractors
• Services one of the most rapidly growing coastal regions in the Eastern US
• Growth can be fueled by expanding teams into neighboring counties and states

About the Business

Location:
North Carolina
Year Established:
2004
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
2,500
Rent:
$3,708.00 Per Month
Lease Expiration:
12/31/2019
Facilities:
The business operates out of a 2500 sq. ft. leased facility. The seller has been located in this region for 20+ years.
Market Outlook/
Competition:
The competition is made up of small scale, local businesses with other company representing a large portion of market share. There are high barriers of entry to penetrate this specialized market including available labor and capital equipment.
Growth & Expansion:
• Enhance e-commerce website to grow online retail
• Add an installation team to expand into adjacent areas
• Offer emerging automation and smart pool technology
• Expand poolside landscaping
• Increase digital marketing and social media presence
• Build relationships with realtors, custom builders, and major developers
• Pursue commercial pool segment (hotels, recreation centers, gyms, community pools)
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About the Sale

Reason For Selling:
Owner wishes to retire
Training/Support:
Seller is willing to support the new buyer following the transaction. They are willing to continue under an advisory agreement up to 3 months after closing to help the new buyer’s transition.

Listing Info

ID:
1676363
Ad Detail Views:
490

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Business Listed by

Chip Mayo

Cornerstone Business Advisors

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Sponsoring Broker:

Dallas Romanowski
Cornerstone Business Advisors


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