High Growth, Established Pool Maintenance Franchise

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Scalable, Recurring Revenue Model
Asking Price:
$99,000

Gross Revenue:
$285,000
Cash Flow:
$20,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$15,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Currently in year 2 of operations, Pool Scouts of Memphis is on-track to more than double revenue and total customers while driving positive net income and continued improvement in both gross and net margin percentages.

The Concept
Pool Scouts provides pool cleaning, maintenance and minor pool repair services for residential pool owners. All of our technicians are put through a thorough screening process before we train them to become full-fledged Scouts, dedicated to meeting our high standards, and yours. Our equipment? The most current. Our technology? Top of the line. Our support staff? First-rate. And best of all, we guarantee 100% satisfaction!

The Opportunity
• Exclusive Franchise Area Developer Agreement (consisting of 3 adjacent territories) for the Greater Memphis Area, including North Mississippi.
• Approximately 20,000 target customers across all 3 territories.
• Popular, rapidly expanding business with 2 of 3 territories untapped.
• Turnkey operation with trained employee Pool Technicians, along with all necessary equipment and systems.

The Results
• In just under 2 pool seasons, business has acquired over 350 customers, and is on track to more than double revenue in 2019 vs. 2018.
• Outstanding customer satisfaction rate and reputation across the community with a 82% Net Promoter Score in 2019, along with 5 star ratings on Google and Facebook.
• Positive Net Income for 2019 YTD as of July 30.

About the Business

Location:
Shelby County, Tennessee
Year Established:
2018
Number of Employees:
9
Relocatable:
Yes
Home Based:
Yes
Franchise:
Yes
Facilities:
All cleaning and repair equipment to support 2 vehicles/routes. (Samsung Tablets, Hammerhead Cleaners, Spin Tests, Trash Pumps, Brushes, Nets, Tool Sets, Power Drivers/Drills, Hoses, Poles, Nets, Shop Vac, etc.)

All necessary office equipment (2 laptops, 1 All-in-1 Printer, Metal Filing Cabinet, Nextiva-Enabled Phone System).

8'x10' Lifetime Storage Shed for Pool Chemicals and Supplies.

1 Leased, Fully-Configured Ford F-150 Transit Van (44 months remaining on 60 month lease). NOTE: Lease to be transferred to purchaser to assume lease payments.
Website:
memphis.poolscouts.com/
Market Outlook/
Competition:
Memphis is a very densely populated market for swimming pools. There are over 20K target customers, with nearly 1/3 of them being in Collierville and Germantown.

Pool Scouts provides for a need that was previously unmet in the Greater Memphis pool market. That is a professional, transparent approach to residential pool care. From the professional pool techs and high-tech cleaning equipment, to pre/post visit communication and a tremendous focus on excellent customer service, Pool Scouts exceeds customer expectations in the Memphis pool market.
Growth & Expansion:
Pool Scouts has only scratched the surface of its potential. This opportunity includes exclusivity to the entire Memphis Metro Area, which is defined in 3 separate territories. As of now, Pool Scouts has only opened and marketed to 1 of the 3 territories.


In addition to opening the 2 other territories, Pool Scouts is currently focused only on cleaning, opening and closing services. This is only a fraction of the pool care business. Additional growth opportunity exists with repairs, as well as selling and installing other upgraded equipment.
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About the Sale

Reason For Selling:
Increased responsibilities and travel at owner's full time corporate job.
Training/Support:
Seller is committed to assist with local training and transition efforts. Specifically, 40 hours of direct, in-person support to be provided by seller within first 90 days following close.

Franchisor will provide 2 weeks of in-person business and field operations training at headquarters in VA Beach, VA.

Listing Info

ID:
1472303
Ad Detail Views:
695

Attached Files Attachment Disclaimer

  2019 Business Stats - June YTD (175 KB)
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Business Listed by
Jake McCutchen

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