Comm'l Swimming Pool Management Co

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Asking Price:
$2,100,000

Gross Revenue:
$3,873,000
Cash Flow:
$593,000
EBITDA:
$593,000
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

This well-established company provides turn-key swimming pool management, lifeguard and related services to Home Owner's Associations (HOAs) and Property Management Companies (PCMs). The company traditionally generates revenues in the $3.5 - $4M range, with an EBIDTA of about $600K, but is currently in a strong growth mode and is projecting 2019 revenues, based on contracts-in-hand, to exceed $4.8M. The company has in excess of 50 swimming pool management contracts with HOAs and PMCs. The company’s dedication to customer satisfaction engenders tremendous loyalty. Of it's 2018 10-largest customers, 2 have been with the company for over 20 years, 4 have been with them for over 15 years, 2 for over 10 years and 1 for 7 years! The company has a strong management team, who know the business and clients well, and who will be of great help in ensuring a smooth transition to new ownership. Even the lifeguard staff (comprised mostly of high school and college students) is quite loyal - the average lifeguard tenure is 4 years! Because of its quality service and excellent reputation, this company is in the enviable position of receiving more requests to bid on new contracts than than current ownership is willing to accommodate. New ownership could easily expand the business further simply by responding to these requests!

About the Business

Location:
Montgomery County, Maryland
Year Established:
1995
Number of Employees:
11 f/t
Real Estate:
Leased
Building Sq. Ft.:
4,127
Rent:
$4,855.00 Per Month
Facilities:
The company is headquartered in a leased approximately 4,127 square foot office and warehouse facility in a location convenient to its service area. Rent is currently $4,854/mth, including CAM. There is sufficient parking. Clients rarely visit the facility.
Market Outlook/
Competition:
While there are other swimming pool management services providers in the market, none has this company's sterling reputation. None provide the full range of services this company provides and few, if any, can match the quality of pool personnel provided by this company.
Growth & Expansion:
This company is enjoying strong growth. Growth could be accelerated by responding to more of the requests for proposals that this company receives. Additional growth could could be achieved by expanding geographically and/or by adding ancillary services.
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About the Sale

Reason For Selling:
Other business interests.
Training/Support:
The seller will help train and familiarize the buyer in all aspects of the business operation.

Listing Info

ID:
1617445
Ad Detail Views:
0

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Business Listed by

Don Naideck

Prime Investments

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